$889,900

For sale

6958 Notre Dame Street, Ottawa - Single Family for Sale

6958 Notre Dame Street, Ottawa, Ontario, K1C1H7

5 beds2 baths10 parking1,300 ft²85 × 215 ft (18,275 sq ft) lot sizeListed 11 days ago

Overview

This 5-bedroom, 2-bathroom home in Ottawa is for sale offering roughly 1,300 sq ft of space. It has been on the market 11 days, fresher than the Ottawa average of 63 days.

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Description

POTENTIAL of UP TO 36 UNITS with this development opportunity under the City's new zoning code. Zoning Summary and Review are available upon request. This property is close to Place d'Orleans, the new upcoming LRT Station, and plenty of nearby Shopping & Amenities. This property has been re-zoned, and is designated as N3B under the City of Ottawa's New Zoning By-Law. Conceptual drawings visible in listing photos are for 24 and 32 unit iterations. The lot is 85 x 215 feet, and the property is currently tenanted at $2900/month inclusive of utilities, allowing for the collection of rents while you plan and prepare your lucrative development project. *Buyers advised to conduct their own due-diligence.* (id:66096)

Property Details

MLS®: X14114576
Property Type: Single Family
Bedrooms: 5
Beds (above / below): 5 above · 0 below
Bathrooms: 2
Parking: 10
Interior Size: 1,300 ft²
Lot Size: 85 × 215 ft (18,275 sq ft)
Frontage: 85 ft
Storeys: 1
Basement: Unfinished, N/A
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: No Garage
Ownership: Freehold
Property Tax: $4,169.73/yr
Listed: 11 days ago

Features

Appliances: Refrigerator, Stove
Foundation: Stone
Exterior: Vinyl siding

Services

Water: Municipal water
Sewer: Sanitary sewer

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

11d

Ottawa listings, avg age

63d

Price / ft²

$685

List price

$890K

Haho

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.

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Listed by AVENUE NORTH REALTY INC. · Moe Sobeh

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (K1C)

This home lists at $889,900, about 7.6× the local median household income of $117,000.

Carrying it typically needs a household income of about $173,829 (20% down, 25-yr amortization, stress-tested) — roughly 49% above the area median.

Median household income: $117,000
Population: 37,235
Median age: 46
Owner / renter: 84% / 16%
Avg. household size: 2.6

Source: Statistics Canada, 2021 Census (FSA K1C)

$889,900· $685/ft²

For sale

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Full Cost Breakdown

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Down Payment7.19% · $63,990.00

Min 7.19%50%

Mortgage payment$4,579/mo

↳ CMHC premium ($33,036 capitalized)

Property tax (est.)$347/mo

Total monthly$4,926

Cash Needed to Close

Down payment (7.19%)$63,990

Land transfer tax$14,273

Est. closing costs$5,170

Total cash needed$83,433

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