An excellent investment opportunity in one of Ottawa's most desirable neighbourhoods. Located in Old Ottawa South, the property offers a rare chance to put money into a well-situated home with strong long-term appeal, close to the Canal, Lansdowne Park, and the Glebe.The property is configured as a duplex with a third unit in the basement, providing flexible income potential. One unit has a long-term tenant already in place, while the other unit and the basement suite require work to bring them up to standard. This creates an opportunity for an investor to improve the property and add value over time.With its prime location, solid structure, and infill potential, this is a compelling opportunity for someone looking to invest in a great neighbourhood and unlock the property's full potential. Property has 2 addresses, 44 Glen Ave (Tenanted) and 101 Grosvenor Ave (Vacant) . Property is being sold as-is. (id:28469)
Facts & features
Property
MLS® Number
X13732550
Property Type
Multi-family
Community Name
4403 - Old Ottawa South
Equipment Type
Water Heater
Parking Space Total
4
Rental Equipment Type
Water Heater
Building
Bathroom Total
3
Bedrooms Above Ground
4
Bedrooms Total
4
Basement Type
Full
Cooling Type
Central Air Conditioning
Exterior Finish
Brick
Fireplace Present
Yes
Fireplace Total
2
Foundation Type
Concrete
Heating Fuel
Natural Gas
Heating Type
Forced Air
Stories Total
3
Size Interior
2,000 - 2,500 Sqft
Type
Duplex
Utility Water
Municipal Water
Parking
Detached Garage
—
Garage
—
Land
Acreage
No
Sewer
Sanitary Sewer
Size Depth
96 Ft
Size Frontage
39 Ft ,4 In
Size Irregular
39.4 X 96 Ft
Size Total Text
39.4 X 96 Ft
Monthly payment estimate
$
Estimated payment—per month
Mortgage amount
—
Total interest
—
Down payments under 20% typically require mortgage default insurance (CMHC), which is not included in this estimate.
Estimate only — excludes property tax, insurance and condo fees. Rates compound semi-annually as is standard for Canadian mortgages.
Cost of ownership
Est. monthly payment
$3,985/mo
Ontario land transfer tax
$14,475 one-time
Payment assumes 20% down over 25 years. First-time buyers may get up to $4,000 back on land transfer tax.