$699,000

For sale

1587 LILAC Lane, Ottawa - Single Family for Sale

1587 LILAC Lane, Ottawa, Ontario, K4C1C4

2 beds2 baths6 parking350 ft²100 × 243 ft (24,169 sq ft) lot sizeListed 15 days ago

Overview

This 2-bedroom, 2-bathroom home in Ottawa is for sale offering roughly 350 sq ft of space. Listed at $699,000, it is attractively priced about 7% below the $749,900 median asking price in Ottawa. It has been on the market 15 days, fresher than the Ottawa average of 62 days.

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Description

Experience the beauty of Ottawa River living at 1587 Lilac Lane, where breathtaking water views, privacy and an exceptional setting come together. Tucked away on a quiet dead-end street in a desirable neighbourhood, this unique property offers approximately 100 ft of frontage and the space to bring your vision to life and make this your dream home.Wake up to picturesque views of the Ottawa River and enjoy the changing scenery throughout the seasons. Convenient access to a nearby boat launch adds to the lifestyle, with boating, fishing and recreation just moments away.Enjoy the existing home, renovate and customize it to your taste, or explore the possibilities of creating your dream residence and making full use of this generous lot, subject to applicable municipal approvals and zoning requirements. Recent improvements include a recently replaced well motor and the septic system being cleared approximately two years ago.With breathtaking river views, generous frontage, a peaceful dead-end setting and convenient access to the water, 1587 Lilac Lane offers a rare opportunity to create the home and lifestyle you've been dreaming of. Make it your own and make it your dream home. This won't last, Few images are AI staged and visually enhanced. (id:66096)

Property Details

MLS®: X14107708
Property Type: Single Family
Zoning: Residential
Bedrooms: 2
Beds (above / below): 2 above · 0 below
Bathrooms: 2
Parking: 6
Interior Size: 350 ft²
Lot Size: 100 × 243 ft (24,169 sq ft)
Frontage: 100 ft
Storeys: 2
Basement: None, Walk out, N/A
Heating: Forced air, Natural gas
Cooling: None
Garage: Detached Garage, Garage
Fireplace: Yes
Ownership: Freehold
Property Tax

Rooms

Main level

Kitchen: 5.94 x 3.04 meters
Living room: 5.89 x 4.67 meters
Bedroom: 3.47 x 3.04 meters
Bathroom: 2.74 x 2.43 meters

Second level

Primary Bedroom: 6.4 x 3.5 meters
Bathroom: 2.56 x 1.37 meters

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

Features

Appliances: Water Treatment, Water Heater
Exterior: Stone
Lot Features: Wooded area

Services

Water: Drilled Well
Sewer: Septic System

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

15d

Ottawa listings, avg age

62d

Price / ft²

$2,000

List price

$699K

Haho

This 2-bed single family in Ottawa has been listed for 15 days, which is 47 days fresher than the city average of 62. Act while there is still low competition.

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Listed by ROYAL LEPAGE INTEGRITY REALTY · Sijo Francis

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (K4C)

This home lists at $699,000, about 4.9× the local median household income of $143,000.

Carrying it typically needs a household income of about $136,539 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.

Median household income: $143,000
Population: 4,538
Median age: 48.8
Owner / renter: 91% / 9%
Avg. household size: 2.8

Source: Statistics Canada, 2021 Census (FSA K4C)

$699,000· $2,000/ft²

For sale

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Full Cost Breakdown

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Down Payment6.42% · $44,900

Min 6.42%50%

Mortgage payment$3,626/mo

↳ CMHC premium ($26,164 capitalized)

Property tax (est.)$285/mo

Total monthly$3,912

Cash Needed to Close

Down payment (6.42%)$44,900

Land transfer tax$10,455

Est. closing costs$4,597

Total cash needed$59,952

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