322-324 Queen Mary Street

Ottawa, Ontario K1K 1W9

2,684 sqft Interior

4 Parking spaces

71.4 X 170.19 Ft Lot size

1 day ago Listed

Partially Air Conditioned Forced Air

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About this home

CASH FLOWING legal rooming house on two adjacent, south-fronting lots offered together in one of Ottawa's fastest-growing urbancores. Providing significant holding income while you navigate the site plan process in the case of future development. 14 rooms eachrented for $520/month+. Zoning supports high-intensity residential (apartments, stacked towns, or low-rise). Unbeatable location.Maximize your footprint by combining these separate titles or keep them independent for future resale flexibility. (id:28469)

Business

Business Type	Residential
Business Sub Type	Apartments
Name	322-324 Queen Mary St

Facts & features

Property

MLS® Number: X14089798
Property Type: Multi-family
Community Name: 3502 - Overbrook/Castle Heights
Parking Space Total: 4

Building

Cooling Type: Partially Air Conditioned
Heating Fuel: Natural Gas
Heating Type: Forced Air
Size Interior: 2,684 Sqft
Type: Multi-family
Utility Water: Municipal Water

Land

Acreage: No
Size Depth: 170 Ft ,2 In
Size Frontage: 71 Ft ,4 In
Size Irregular: 71.4 X 170.19 Ft
Size Total Text: 71.4 X 170.19 Ft
Zoning Description: N4b H(11)

Monthly payment estimate

Home price

Down payment 20%

Interest rate (%)

Amortization

Frequency

Estimated payment — per month

Mortgage amount: —
Total interest: —

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: $3,321/mo
Ontario land transfer tax: $11,475 one-time

Payment assumes 20% down over 25 years. First-time buyers may get up to $4,000 back on land transfer tax.

The Overbrook/Castle Heights market

37 Active listings

$750,000 Median asking price

At the area median This home

41 days Avg. time on market

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Location

322-324 Queen Mary Street, Ottawa, Ontario K1K 1W9 · Get directions