23 Foothills Dr. Bells Corners - New Listing with SDU
Channel: Ottawa Income Property
Date: 2022-05-21

23 Foothills Drive is a Six bedroom Bungalow with legal SECONDARY DWELLING UNIT (SDU). Priced at $799,900.

00:00 - 02:09 Introduction, property description and financials
02:09 - 05:18 Tour of main floor Bungalow
05:18 - 06:00 Side and Back Yards
06:00 - 09:44 Inside SDU in basement
09:44 - 10:05 Outro and contact details

Newly renovated 3-bedroom main floor with 1 ½ baths. Newly constructed basement 3-bedroom unit with 1 ½ baths completed May 2022. 

EACH apartment has a 2 piece ensuite, its own laundry, SIX appliances, HWT, & hydro meter. 2 new 100 amp hydro panels. New plumbing throughout. Soundproof insulation in joist cavities, spray foam on basement walls, additional electric baseboard heat in basement. 

Total parking for 6 cars including 2 garage spaces. 

Realistic projected revenue is $2,200 main floor & $2,000 basement unit. Perfect location for owner occupant as $2,000 basement rent pays for $400,000 mortgage @ 4%. GROSS income = $50,400. EXPENSES = $6,750 (4,600 taxes & $2,150 insurance). 

CASH FLOW = $43,650 annually for a 5.1% CAP RATE. Occupancy Permit on file. OFFERS to be presented June 7th at 5:00 pm however the seller reserves the right to review and may accept pre-emptive offers with 24 hours irrevocable as per Form 244.

Appliances Incl: Dishwasher, Dryer, Microwave/Hood Fan, Washer, 2 Stoves, 2 Fridges

Taxes/Year: $4,600.00/2021

Directions: From Northside Road, turn onto Foothills Drive. Home is on the corner of Foothills Drive and Redfield Ave.

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Contact Patrick Walchuk at 613-788-2590

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