$724,900

For sale

321 Mona Avenue, Ottawa - Multi-family for Sale

321 Mona Avenue, Ottawa, Ontario, K1L6Z9

4 beds2 baths5 parking1,750 ft²41 × 100 ft (4,080 sq ft) lot sizeListed 36 days ago

Overview

This multi-family property in Ottawa is for sale offering roughly 1,750 sq ft of space. It has been on the market 36 days, fresher than the Ottawa average of 62 days.

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Description

Welcome to 321 Mona Avenue! Invest with confidence in this well maintained and smartly renovated duplex, with partially complete basement in-law suite. Owner occupancy and constant attention to improvements apparent throughout. Main floor unit features recent kitchen, flooring, and bathroom updates, a versatile two+office or three bedroom layout, newer windows, and ductless mini split heat pump. Upper unit features a bright two bedroom layout with updated windows and mini split, full kitchen, and combo laundry. Two turn key apartments, easily rentable or comfortable for a multi-gen family or owner occupancy with supplemental income and potential third unit. Ample parking, tidy yard space, and large detached garage make this an easy choice for a variety of living situations. The location is also quiet, with minimal through traffic, nice neighbours, and in close proximity to a wide variety of amenities. Book your viewing today! (id:66096)

Property Details

MLS®: X13839904
Property Type: Multi-family
Bedrooms: 4
Beds (above / below): 4 above · 0 below
Bathrooms: 2
Parking: 5
Interior Size: 1,750 ft²
Lot Size: 41 × 100 ft (4,080 sq ft)
Frontage: 41 ft
Storeys: 2
Basement: Partially finished, Full
Heating: Heat Pump, Electric
Cooling: Wall unit
Garage: Detached Garage, Garage
Property Tax: $3,804/yr
Listed: 36 days ago

Rooms

Main level

Living room: 4.72 x 3.04 meters
Kitchen: 4.41 x 3.45 meters
Primary Bedroom: 5.61 x 4.59 meters
Bedroom 2: 4.39 x 2.87 meters
Office: 4.74 x 2.46 meters

Second level

Living room: 4.69 x 2.97 meters
Kitchen: 3.42 x 2.64 meters
Bedroom: 4.29 x 2.87 meters
Bedroom 2: 4.01 x 2.33 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, Dishwasher, Stove, Dryer, Hood Fan
Foundation: Block
Exterior: Brick, Vinyl siding
Lot Features: Carpet Free, In-Law Suite

Services

Water: Municipal water
Sewer: Sanitary sewer

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

36d

Ottawa listings, avg age

62d

Price / ft²

$414

List price

$725K

Haho

This 4-bed multi-family in Ottawa has been listed for 36 days, which is 26 days fresher than the city average of 62. Act while there is still low competition.

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Listed by ROYAL LEPAGE TEAM REALTY · Ben Stelmach

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (K1L)

This home lists at $724,900, about 11.5× the local median household income of $63,200.

Carrying it typically needs a household income of about $141,598 (20% down, 25-yr amortization, stress-tested) — roughly 124% 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)

$724,900· $414/ft²

For sale

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Full Cost Breakdown

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Current Rates

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Down Payment6.55% · $47,490

Min 6.55%50%

Mortgage payment$3,756/mo

↳ CMHC premium ($27,096 capitalized)

Property tax (est.)$317/mo

Total monthly$4,073

Cash Needed to Close

Down payment (6.55%)$47,490

Land transfer tax$10,973

Est. closing costs$4,675

Total cash needed$63,138

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