$549,900

For sale

6037 Meadowhill Crescent, Ottawa, Ontario, K1C5S4

3 bd3 ba5 pk1,750 ft²Lot size 33 × 103 ft (3,358 sq ft)

Listed by PAUL RUSHFORTH REAL ESTATE INC.

For saleJust listed

Today

$999K

25 Iona Street, Ottawa, Ontario, K1Y3L6

3 bd2 ba2 pk1,300 ft²Lot size 25 × 100 ft (2,460 sq ft)

Listed by ROYAL LEPAGE TEAM REALTY

4219 Green Gables Lane, Ottawa, Ontario, K1V1W8

For saleJust listed

Today

$825K

4219 Green Gables Lane, Ottawa, Ontario, K1V1W8

3 bd3 ba4 pk1,750 ft²Lot size 37 × 111 ft (4,077 sq ft)

Listed by BENNETT PROPERTY SHOP REALTY

142 Lilibet Crescent East, Ottawa, Ontario, K1V2A1

For saleJust listed

Today

$569K

142 Lilibet Crescent East, Ottawa, Ontario, K1V2A1

3 bd3 ba3 pk1,750 ft²

Listed by RIGHT AT HOME REALTY

Investment analysis

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$549,900

Ottawa

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803 Merivale Road, Ottawa - Single Family for Sale

803 Merivale Road, Ottawa, Ontario, K1Z5Z5

4 beds2 baths3 parking1,300 ft²48 × 98 ft (4,714 sq ft) lot sizeListed 30 days ago

Overview

This 4-bedroom, 2-bathroom home in Ottawa is for sale offering roughly 1,300 sq ft of space. Listed at $549,900, it is attractively priced about 27% below the $749,900 median asking price in Ottawa. It has been on the market 30 days, fresher than the Ottawa average of 62 days.

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Description

Investor's Commercial Opportunity! Fantastic income-generating property with potential for two rental units in the highly desirable Royal & Civic Hospital area. This spacious home features 4 bedrooms, 2 full bathrooms, and sits on a large lot offering both space and long-term development potential. There are 2 bedrooms on second level and 1 bedroom in the main level, with 1 full bathroom, Upper level is currently rented at $1,500/month. Lower level: Non-confirmed bachelor apartment with full bathroom, currently rented at $750/month, can be a nice 2 bedroom, new furnace. A great opportunity for investors seeking strong cash flow or end users looking to live in one unit and rent the other. Close to hospitals, transit, shopping, and all amenities. (id:66096)

Property Details

MLS®: X13872336
Property Type: Single Family
Bedrooms: 4
Beds (above / below): 3 above · 1 below
Bathrooms: 2
Parking: 3
Interior Size: 1,300 ft²
Lot Size: 48 × 98 ft (4,714 sq ft)
Frontage: 48 ft
Storeys: 1
Basement: Finished, N/A
Heating: Other, Other
Cooling: Central air conditioning
Garage: No Garage
Ownership: Freehold
Property Tax: $3,742/yr
Listed: 30 days ago

Rooms

Main level

Living room: 4.6 x 3.5 meters
Dining room: 3.1 x 3.5 meters
Kitchen: 2.27 x 3.9 meters
Bathroom: 2.3 x 1.5 meters
Bedroom: 2.4 x 3.2 meters

Lower level

Bedroom 3: 1.6 x 1.5 meters
Bedroom: 3.4 x 2.5 meters
Kitchen: 2 x 3.6 meters
Living room: 7 x 3.5 meters

Second level

Bedroom 2: 3.5 x 4.05 meters
Primary Bedroom: 4.2 x 3.1 meters

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

Features

Foundation: Concrete
Exterior: Vinyl siding

Services

Water: Municipal water
Sewer: Sanitary sewer

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

30d

Ottawa listings, avg age

62d

Price / ft²

$423

List price

$550K

Haho

This 4-bed single family in Ottawa has been listed for 30 days, which is 32 days fresher than the city average of 62. Act while there is still low competition.

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Listed by POWER MARKETING REAL ESTATE INC. · Hamid Riahi

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (K1Z)

This home lists at $549,900, about 7.1× the local median household income of $77,000.

Carrying it typically needs a household income of about $107,415 (20% down, 25-yr amortization, stress-tested) — roughly 39% above the area median.

Median household income: $77,000
Population: 22,714
Median age: 38.4
Owner / renter: 37% / 63%
Avg. household size: 2.1

Source: Statistics Canada, 2021 Census (FSA K1Z)

$549,900· $423/ft²

For sale

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Full Cost Breakdown

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Down Payment5.45% · $29,990.00

Min 5.45%50%

Mortgage payment$2,882/mo

↳ CMHC premium ($20,796 capitalized)

Property tax (est.)$312/mo

Total monthly$3,194

Cash Needed to Close

Down payment (5.45%)$29,990

Land transfer tax$7,473

Est. closing costs$4,150

Total cash needed$41,613

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