Listings

Residential For Sale

391 Greenwood Avenue, Carlingwood - Westboro And Area, On K2a 0x4

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Property 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)

Basic Details
Property Type:
Residential
Listing Type:
For Sale
Listing ID:
X9515687
Price:
$1,260,000
Status:
Active
Office Name:
INNOVATION REALTY LTD.
Property Sub Type:
Duplex
Roof:
Asphalt Shingle
Features
Swimming Pool:
None
Cooling System:
Central Air
Basement:
Finished, Full
Parking:
Unknown
Architectural Style:
2-Storey
Exterior Features:
Deck
Interior Features:
Other
Sewer:
Sewer
Address Map
Country:
US
State:
ON
County:
Ottawa
City:
Carlingwood - Westboro And Area
Zipcode:
K2A 0X4
Street:
GREENWOOD
Street Number:
391
Street Suffix:
Avenue
Zoning:
RS3
Direction Faces:
North
Directions:
Between Roosevelt and Melbourne, 1 block south of Dovercourt. Alternatively, Churchill west on Greenwood OR Carling north on Cole to east on Greenwoo
Additional Information
Construction Materials:
Brick
Foundation Details:
Block
Previous Price:
1290000
Financial
Tax Annual Amount:
7521.0
Listing Information
Mls Status:
Price Change
Modification Timestamp:
2025-06-17T01:22:19Z
Originating System Name:
TRREB
Residential For Sale
Listing ID:
X9515687
$1,260,000
Agent info
Contact Agent