Ottawa, ON K2L1R7 137 GLAMORGAN DRIVE

5.92% CAP RATE (not incl updates and mgmt costs) TWO-UNITS... Semi-detached House with In-Law Suite / Apartment - Turn key in KANATA! This is a semi-detached high-ranch style property with UP and DOWN units, with separate entrances and is easy to rent. Current Gross income is $43,020/year and Operating expenses (not incl updates and mgmt) are low at $13,196 = $29,824 NOI. Low property taxes - $3242.00 in 2024. Great opportunity to also live in one unit and rent the other... pay off a HUGE portion of your mortgage. There is NO CARPET in each of the units. TOP FLOOR UNIT has UPGRADES of KITCHEN with granite countertops, BATHROOM and more. BASEMENT UNIT has an upgraded bathroom. BOTH UNITS are heated by a forced air gas furnace and cooled with a Central AC unit. Both units share a common laundry room. Parking for 4 cars - side by side - so each tenant has their private laneway. FULLY RENTED. Tenants get along well. A great way to own a FREEHOLD PROPERTY... the rental income helps tremendously. Call now to know more. Make it your retirement investment or/and a home, all in one! ***The attached house at 135 Glamorgan is also for sale and both can be sold together or separate*** (id:7434)