$679,000

For sale

313 Savard Avenue, Ottawa - Single Family for Sale

313 Savard Avenue, Ottawa, Ontario, K1L7S1

5 beds2 baths3 parking900 ft²32 × 96 ft (3,046 sq ft) lot sizeListed 91 days ago

Overview

This 5-bedroom, 2-bathroom home in Ottawa is for sale offering roughly 900 sq ft of space. Listed at $679,000, it is attractively priced about 9% below the $749,900 median asking price in Ottawa.

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Description

LIVE UPSTAIRS, COLLECT RENT DOWNSTAIRS! Ideally located just minutes from Downtown Ottawa, this versatile bungalow is perfectly positioned as government employees continue returning to the office, driving strong demand for centrally located housing. Featuring TWO SELF-CONTAINED LIVING SPACES, the WALKOUT LOWER-LEVEL UNIT is currently occupied by reliable tenants providing immediate rental income while you enjoy the upper level-or maximize your investment by renting both units.Enjoy exceptional convenience with transit just steps away, quick access to Highway 417, and walking distance to grocery stores, restaurants, parks, schools, and everyday amenities. A location that continues to appeal to both homeowners and tenants alike.Thoughtfully maintained, the home features a 2016 NTI HIGH-EFFICIENCY GAS BOILER serving the hydronic heating system with RADIANT HEATED BASEMENT FLOORS, plus TWO INDEPENDENT HEAT PUMP/AIR CONDITIONING SYSTEMS for efficient zoned heating and cooling. A separate 2011 HOT WATER TANK allows the heating and domestic hot water systems to operate independently.Major updates include PAINT, FLOORING & BATHROOM (2017), NTI HIGH-EFFICIENCY GAS BOILER (2016), HOT WATER TANK (2011), and WINDOWS, FOUNDATION WATERPROOFING, WEEPING TILE & COMPLETE BASEMENT RENOVATION (2008). Generous parking and N5C ZONING add even more value, offering future redevelopment potential while enjoying immediate rental income and flexible living options.THE PERFECT BLEND OF OWNER-OCCUPANCY, IMMEDIATE CASH FLOW, AND FUTURE REDEVELOPMENT POTENTIAL. (id:66096)

Property Details

MLS®: X13648548
Property Type: Single Family
Bedrooms: 5
Beds (above / below): 5 above · 0 below
Bathrooms: 2
Parking: 3
Interior Size: 900 ft²
Lot Size: 32 × 96 ft (3,046 sq ft)
Frontage: 32 ft
Storeys: 1
Style: Bungalow
Basement: Finished, Full, Separate entrance, N/A, N/A
Heating: Baseboard heaters, Electric, Natural gas
Cooling: Wall unit
Garage: No Garage
Ownership: Freehold
Property Tax: $4,032.71/yr

Rooms

Ground level

Living room: 4.65 x 2.08 meters
Dining room: 2.97 x 3.2 meters
Kitchen: 3.38 x 3.1 meters
Bedroom: 3 x 3.1 meters
Bedroom 2: 3.07 x 2.67 meters
Bedroom 3: 3.91 x 3.23 meters

Basement

Bedroom 4: 3.7 x 3.04 meters
Bedroom 5: 3.7 x 3.25 meters
Kitchen: 3.1 x 4.6 meters
Living room: 3.48 x 4.19 meters

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

Features

Foundation: Poured Concrete
Exterior: Vinyl siding, Brick Facing
Lot Features: Carpet Free

Services

Water: Municipal water
Sewer: Sanitary sewer

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

91d

Ottawa listings, avg age

62d

Price / ft²

$754

List price

$679K

Haho

This 5-bed single family in Ottawa is available now. Want me to connect you with the agent or keep you posted on any price updates?

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Listed by KELLER WILLIAMS ICON REALTY · Wan Zhang

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (K1L)

This home lists at $679,000, about 10.7× the local median household income of $63,200.

Carrying it typically needs a household income of about $132,632 (20% down, 25-yr amortization, stress-tested) — roughly 110% above the area median.

Median household income: $63,200
Population: 18,213
Median age: 41.2
Owner / renter: 33% / 67%
Avg. household size: 1.8

Source: Statistics Canada, 2021 Census (FSA K1L)

$679,000· $754/ft²

For sale

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Full Cost Breakdown

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Down Payment6.32% · $42,900

Min 6.32%50%

Mortgage payment$3,527/mo

↳ CMHC premium ($25,444 capitalized)

Property tax (est.)$336/mo

Total monthly$3,863

Cash Needed to Close

Down payment (6.32%)$42,900

Land transfer tax$10,055

Est. closing costs$4,537

Total cash needed$57,492

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