$450,000

For sale

1012 Panet Street, Ottawa - Single Family for Sale

1012 Panet Street, Ottawa, Ontario, K1Z6E9

3 beds1 bath4 parking900 ft²32 × 124 ft (3,912 sq ft) lot sizeListed 14 days ago

Overview

This 3-bedroom, 1-bathroom home in Ottawa is for sale offering roughly 900 sq ft of space. Listed at $450,000, it is attractively priced about 40% below the $749,900 median asking price in Ottawa. It has been on the market 14 days, fresher than the Ottawa average of 63 days.

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Description

Looking for an affordable investment with plenty of potential? This centrally located semi-detached bungalow is an opportunity worth exploring! Featuring 3 bedrooms and 1 bathroom, this home offers a practical layout in a convenient in-town location, close to shopping, schools, public transit and everyday amenities.The partially finished basement provides additional living space, while a separate side entrance with stairs leading directly to the basement offers exciting potential for an in-law suite or extended family living, subject to any required approvals.Whether you're looking to expand your investment portfolio, explore rental income potential, accommodate extended family, or purchase an affordable home you can personalize over time, this property offers excellent value and plenty of possibilities.Don't miss your chance to make the most of this opportunity! Book your showing today. 24 hours irrevocable on all offers as per form 244 (id:66096)

Property Details

MLS®: X14112520
Property Type: Single Family
Zoning: Residential
Bedrooms: 3
Beds (above / below): 3 above · 0 below
Bathrooms: 1
Parking: 4
Interior Size: 900 ft²
Lot Size: 32 × 124 ft (3,912 sq ft)
Frontage: 32 ft
Storeys: 1
Style: Bungalow
Basement: Full, Partial
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: No Garage
Ownership: Freehold
Property Tax

Rooms

Lower level

Utility room: 2.03 x 2.39 meters
Workshop: 4.04 x 6.53 meters
Family room: 6.25 x 7.52 meters
Laundry room: 2.29 x 3.33 meters

Main level

Living room: 3.28 x 4.01 meters
Kitchen: 2.92 x 3.2 meters
Primary Bedroom: 2.92 x 4.57 meters
Bedroom: 3.28 x 3.48 meters
Bedroom 2: 2.92 x 2.9 meters
Bathroom: 2.24 x 2.52 meters

Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.

Features

Appliances: Washer, Refrigerator, Water meter, Central Vacuum, Dishwasher, Stove, Dryer, Hood Fan
Foundation: Block
Exterior: Brick Veneer

Services

Water: Municipal water
Sewer: Sanitary sewer

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

14d

Ottawa listings, avg age

63d

Price / ft²

$500

List price

$450K

Haho

This 3-bed single family in Ottawa has been listed for 14 days, which is 49 days fresher than the city average of 63. Act while there is still low competition.

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Listed by SOLID ROCK REALTY · Paul Lavictoire

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (K1Z)

This home lists at $450,000, about 5.8× the local median household income of $77,000.

Carrying it typically needs a household income of about $87,901 (20% down, 25-yr amortization, stress-tested) — roughly 14% above the area median.

Median household income: $77,000
Population: 22,714
Median age: 38.4
Owner / renter: 37% / 63%
Avg. household size: 2.1

Source: Statistics Canada, 2021 Census (FSA K1Z)

$450,000· $500/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $22,500

Min 5%50%

Mortgage payment$2,370/mo

↳ CMHC premium ($17,100 capitalized)

Property tax (est.)$320/mo

Total monthly$2,690

Cash Needed to Close

Down payment (5%)$22,500

Land transfer tax$5,475

Est. closing costs$3,850

Total cash needed$31,825

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