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Royal LePage
Royal LePage
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$629,900

707 MORIN STREET, Ottawa, Ontario, K1K 3G8

QuickQuoteTM: $597K - $800K
MLS® # X11993565

3 Beds

3 Baths

FEETSQ sqft

Property Information:

Incredible Investment Opportunity- Fully Renovated SDU with Airbnb income Potential! Welcome to this exceptional 3 bed + Studio /3 bath single dwelling unit (SDU), offering modern upgrades, strong rental income and a prime location. This turn-key investment property is perfect for investors or homeowners looking for a mortgage helper. The main 2-storey unit features three spacious bedrooms with beautiful hardwood flooring throughout. The open-concept living and dining area flows seamlessly, with patio doors leading to a large backyard deck, perfect for entertaining. Currently rented for $2,400 per month, this unit has the potential for an increase to at least $2,800/month. The fully renovated lower-level suite is a standout feature, currently being used as a high-performing Airbnb rental. Renovated in 2021, this modern space is designed for maximum comfort and profitability. Furnishings can be included at an additional cost, making it a seamless transition for new owners looking to continue its successful Airbnb operation. Located in a mature neighborhood with lush trees, this property is just steps from shops, restaurants, and the LRT, making it highly desirable for tenants and Airbnb guests alike. It's also conveniently close to Montfort Hospital, CSIS, and NRC, increasing its appeal for professionals and long-term renters. Major updates include new windows (2018), a new roof (2018), and a fully renovated lower level (2021). This SDU is a prime opportunity for investors looking for immediate cash flow and long-term appreciation. (id:27)

Building Features:

  • Style: Semi-Detached
  • Building Type: House
  • Basement Development: Finished
  • Basement Type: Full
  • Construction Style - Attachment: Semi-detached
  • Exterior Finish: Brick
  • Foundation Type: Concrete
  • Heating Type: Forced air
  • Heating Fuel: Natural gas
  • Cooling Type: Central air conditioning
  • Appliances: Dishwasher, Dryer, Two stoves

Property Features:

  • OwnershipType: Freehold
  • Property Type: Single Family
  • Bedrooms: 3
  • Bathrooms: 3
  • Half Bathrooms: 1
  • Amenities Nearby: Public Transit, Park
  • Features: Lane
  • Irregular: Yes
  • Lot Depth: 104.8 Feet
  • Lot Frontage: 29.9 Feet
  • Lot Size: 29.99 x 104.82 FT ; 0
  • Zoning: Residential
  • Sewer: Sanitary sewer
  • Parking Type: No Garage

Rooms:

  • Primary Bedroom 2nd Level 4.34 m x 3.40 m
  • Bedroom 2nd Level 4.03 m x 2.46 m
  • Bedroom 2nd Level 2.81 m x 3.42 m
  • Kitchen Main Level 4.08 m x 3.04 m
  • Living Main Level 5.28 m x 2.71 m
  • Dining Main Level 3.20 m x 2.71 m

Convert Measurement to:


Courtesy of: EXP REALTY

REALTOR.ca  

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Location of 707 MORIN STREET, Ottawa, Ontario, K1K 3G8

Demographic Information of 707 MORIN STREET, Ottawa, Ontario, K1K 3G8

Life Stage

Young Couples

Employment Type

Service Sector/White Collar

Average Household Income

$100,913.74

Average Number of Children

1.68

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

21.4 %

High school certificate or equivalent

29.94 %

Apprenticeship trade certificate/diploma

4.54 %

College/non-university certificate

19.54 %

University certificate (below bachelor)

0.5 %

University Degree

24.08 %

Commuter

Travel To Work

By Car

70.89 %

By Public Transit

18.83 %

By Walking

4.9 %

By Bicycle

0.0 %

By Other Methods

5.38 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

42.76 %

Houses

57.24 %

Own Vs. Rent

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