$840,000
$859,000
2.2%For more information regarding the value of a property, please contact us for a free consultation.
5 Beds
2 Baths
SOLD DATE : 06/26/2025
Key Details
Sold Price $840,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Approx. Sqft 2000-2500
Subdivision 3502 - Overbrook/Castle Heights
MLS Listing ID X12203591
Sold Date 06/26/25
Style Bungalow-Raised
Bedrooms 5
Building Age 51-99
Annual Tax Amount $5,531
Tax Year 2025
Property Sub-Type Duplex
Property Description
Solid, turn-key investment or a beautifully updated home with income potential? This all-brick, purpose-built duplex is fully renovated and ready for owner occupancy (or can be re rented). The main floor unit features approx. 1100 sq. ft. of living space, 3 bedrooms (currently vacant) perfect for an owner-occupant or to lease at a strong market rent of $2500/mth (including heat and parking). The lower-level unit is a bright 2 bedroom unit with approx. 1000 sq. ft., currently rented at $2000/mth with a lease in place until March 2026 (tenants wish to stay). Both units offer private entrances, separate driveways, their own laundry, and private backyard spaces. Gorgeous renovations throughout include hardwood flooring, imported bathroom tile, gourmet kitchens with custom cabinetry and stainless-steel appliances. Each unit also features full-sized washers/dryers and individual storage areas. upgrades include -roof, windows, plumbing, flooring, dual-zone heating/cooling, and high efficiency furnace. Great income at $4500/month (using market rent for the main floor). Expenses $845/month (based on recent numbers), Net monthly income $3655/month enough to service approx. $700,000 in mortgage at 4% over 25 years. With 20% down, this is a true money-maker. An exceptional opportunity for investors or first-time buyers looking to offset mortgage costs. Don't miss out on this rare offering of a quality duplex with style, function, and income potential! note: tenants pay their own hydro and look after landscaping and snow removal.
Location
Province ON
County Ottawa
Community 3502 - Overbrook/Castle Heights
Area Ottawa
Zoning R3M
Rooms
Family Room No
Basement Full, Finished
Kitchen 2
Separate Den/Office 2
Interior
Interior Features Carpet Free, Water Heater Owned, Water Heater, Storage
Cooling Central Air
Exterior
Exterior Feature Deck, Landscaped, Patio
Parking Features Available, Private Double, Private
Pool None
Roof Type Asphalt Shingle
Lot Frontage 52.0
Lot Depth 98.83
Total Parking Spaces 4
Building
Foundation Concrete
Others
Senior Community No
ParcelsYN No
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