Overview

This 4-bedroom, 4-bathroom home in Ottawa is for sale offering roughly 1,750 sq ft of space. Its $779,999 asking price sits right in line with the $749,900 median in Ottawa. It has been on the market 31 days, fresher than the Ottawa average of 62 days.

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Description

BRING FAMILY CLOSER WITHOUT SACRIFICING PRIVACY! The Duo Collection features a beautiful 2-storey home plus a fully finished lower-level secondary dwelling with its own private entrance, kitchen, laundry and HVAC system. Two Rental Units. One Real Estate Investment.Discover an opportunity to own a townhome duplex with two separate rental units generating a combined rental income of $4,000 per month, or $48,000 annually.The Investment at a Glance- Purchase price: $779,999- Down payment: $156,000 (20%)- Illustrative mortgage: $623,999- Financing assumption: 4.99% fixed interest rate, amortized over 30 years- Upper unit rental income: $2,200 per month- Lower apartment rental income: $1,800 per month- Total monthly rental income: $4,000- Total annual rental income: $48,000- Gross rental yield: Approximately 6.15%Why Consider Maple Grove?Two income streams. Generate rental income from two separate residential units within one property.An established rental model. With combined rents of $4,000 per month, investors can evaluate the property's income potential against financing and operating costs.Long-term real estate potential. In addition to rental income, investors may benefit from mortgage principal reduction and potential property appreciation over time. Neither appreciation nor future rental increases are guaranteed.An investment you can evaluate with real numbers. Review the rental income, financing assumptions and operating expenses to determine whether the property aligns with your investment objectives.Your Next Investment Could Be Maple Grove.All mortgage figures are estimates based on the stated interest rate and amortization, subject to lender approval and financing terms. Gross rental yield is before expenses and is not the cap rate or net ROI. Actual returns depend on operating expenses, vacancy, financing, taxes, maintenance and other costs. Investors should independently verify rental income, expenses and applicable legal requirements. (id:66096)

Property Details

MLS®: X13867860
Property Type: Single Family
Bedrooms: 4
Beds (above / below): 3 above · 1 below
Bathrooms: 4
Half Baths: 1
Parking: 2
Interior Size: 1,750 ft²
Lot Size: 20 × 92 ft (1,820 sq ft)
Frontage: 20 ft
Storeys: 2
Basement: Apartment in basement, N/A
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Attached Garage, Garage
Ownership: Freehold
Listed: 31 days ago

Rooms

Main level

Great room
Kitchen
Bathroom

Lower level

Bathroom
Great room
Kitchen
Bedroom

Second level

Primary Bedroom
Bedroom
Bedroom
Bathroom

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

Features

Appliances: Washer, Refrigerator, Dishwasher, Stove, Dryer, Microwave, Hood Fan, Garage door opener remote(s), Water Heater
Foundation: Poured Concrete
Exterior: Brick, Vinyl siding

Services

Water: Municipal water
Sewer: Sanitary sewer

Features and services as supplied by the listing brokerage.

Area context

Neighbourhood profile (K2S)

This home lists at $779,999, about 5.7× the local median household income of $137,000.

Carrying it typically needs a household income of about $152,361 (20% down, 25-yr amortization, stress-tested) — roughly 11% above the area median.

Median household income: $137,000
Population: 38,903
Median age: 39.6
Owner / renter: 87% / 13%
Avg. household size: 2.8

Source: Statistics Canada, 2021 Census (FSA K2S)

$779,999· $446/ft²

For sale

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Full Cost Breakdown

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Down Payment6.79% · $52,999.90

Min 6.79%50%

Mortgage payment$4,031/mo

↳ CMHC premium ($29,080 capitalized)

Est. property tax$0/mo

Total monthly$4,031

Cash Needed to Close

Down payment (6.79%)$53,000

Land transfer tax$12,075

Est. closing costs$4,840

Total cash needed$69,915

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Rates via our partner mortgage brokers at iShopRates · Estimates only, not financial advice

Investment analysis

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197 Bensinger Way, Ottawa - Single Family for Sale