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$620,000
Ottawa
392 Fullerton Avenue, Ottawa, Ontario, K1K1K1
This 5-bedroom, 2-bathroom home in Ottawa is for sale offering roughly 900 sq ft of space. Listed at $620,000, it is attractively priced about 17% below the $749,900 median asking price in Ottawa. It has been on the market 11 days, fresher than the Ottawa average of 63 days.
Welcome to a home that offers the perfect blend of comfortable living and income potential! Whether you're looking for a place to call home, an opportunity to offset your mortgage with rental income, or a smart addition to your investment portfolio, this property offers the flexibility to do it all. The lower unit is currently rented below market for the area, leaving room to grow on turnover. Enjoy the flexibility of making the upper unit your own while the lower unit provides rental income to help offset your monthly expenses or rent out both units for a great investment opportunity. The bright upper unit offers hardwood floors, an open-concept living/dining area, a white kitchen with stainless steel appliances and breakfast-bar peninsula, three bedrooms, a 4 piece bath, in unit stacked laundry, and walk-out access to a raised deck. The lower unit has an open kitchen and living area, its own laundry, and storage. Separate entrances and laundry keep the units fully independent, a big draw for quality tenants. The large, fenced backyard has mature trees and a storage shed. You're close to Riverain Park, the Rideau River pathways, the Adawe Crossing to Sandy Hill, 10m to downtown, schools and shops, with bus and O-Train access at St. Laurent and quick access to the 417. Two independent units and income in place, 392 Fullerton is a smart buy for investors or first time buyers looking to house hack in one of Ottawa's emerging neighbourhoods. (id:66096)
Features and services as supplied by the listing brokerage.
Active: 11 days on market, against an average age of 63 days across the listings currently for sale in this city
This 5-bed single family in Ottawa has been listed for 11 days, which is 52 days fresher than the city average of 63. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $620,000, about 8.4× the local median household income of $73,500.
Carrying it typically needs a household income of about $121,108 (20% down, 25-yr amortization, stress-tested) — roughly 65% above the area median.
Source: Statistics Canada, 2021 Census (FSA K1K)
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Loading rates, 30-yr amortization
Cash Needed to Close
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