For sale
Duplex

391 Greenwood Avenue

$1,260,000
Ottawa, Ontario, K2A 0X4

Overview

  • Updated On:
  • June 17 2025
  • MLS® Number
  • X9515687
  • 6 Bedrooms
  • 3 Bathrooms

Description

Welcome to this fully updated legal duplex with a permitted basement Secondary dwelling unit in the heart of Westboro of Ottawas most desirable neighbourhoods. Sitting on a wide 49' lot, this income-generating property features three spacious 2-bed/1-bath units, each with its own private driveway. With over $150K in recent renovations, including a luxury main-floor upgrade, excavated and structurally reinforced basement, and renovated second floor, this is a rare opportunity to own a low-maintenance, high-return asset. Steps from top schools, parks, trendy shops, westboro beach and transit, its ideal for savvy investors or multi-generational living. Fully tenanted with strong cash flow and a solid 5.2% cap rate, this is Westboro real estate done right. 2021 investments incl. luxuriously renovated Unit 1, improved entrance/common space, re-styled driveways & manicured grounds. Basement professionally excavated to increase ceiling height and reinforced with a structural buttress wall. All work completed with permits and inspections on file. Legal lower-level unit offers strong rental income potential, an excellent investment with lasting value. 2nd floor renovations (2024) new carpet on stairs ( 2024) electrical & plumbing (2023) , 3 new windows in the basement (2023). windows, roof )2019). Operionnal Surveillance system in the building ( 6 Cameras with DVR) included. shed included. Appealing cash flow, 3 meters; gas furnace, c/air, 2 hot water tanks, hardwood, vinyl windows throughout. Ideal for investors or seeking future multi-generational residence. All units currently tenanted. Shared coin laundry ( additional income ) Rents: Apt #1: $2250/m + hydro, Apt #2: 2150/m + hydro, Apt B: $2000/m . Exceptional opportunity in Ottawa's hottest neighbourhood! Set showing schedule +24hrs notice., Flooring: Hardwood, Flooring: Other (See Remarks) (id:57887)

Price:
Price Info:
Property Type: Multi-family
Building Type: Duplex
Storeys: 2
Neighbourhood: Westboro
Cooling & Heating
Natural gas
Forced air
Central air conditioning
ExteriorFinish
Brick
$ 6,460.27
per month
  • Principal and Interest
  • Property Tax
  • HOA fee
$ 4,885.27
Bedroom
BedroomsAboveGround: 6
BedroomsTotal: 6
Bathroom
BathroomTotal: 3
Basement
BasementDevelopment: Finished
BasementType: Full (Finished)
Size
SizeInterior: 2000 - 2500 sqft
Construction
FoundationType: Block
Utility
UtilityWater: Municipal water
Acreage: No
FenceType: Fenced Yard
LandAmenities: Public Transit, Park
Sewer: Sanitary Sewer
SizeDepth: 66 Ft
SizeFrontage: 49 Ft
SizeIrregular: 49 X 66 Ft ; 0
SizeTotalText: 49 X 66 Ft ; 0
ZoningDescription: Rs3
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