The trademarks MLS®, Multiple Listing Service®, and the associated logos are owned by the Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Listing data provided by the Toronto Regional Real Estate Board (TRREB). Data is deemed reliable but not guaranteed.
Welcome to 10 Chestnut Street, a unique blend of location and up-scale styling. Set in one of Old Ottawa East's more desirable locations, this thoughtful and modern 4 plex is nestled in a tranquil downtown neighbourhood. As well, it offers immediate access to the 417 (East & West bound), walking distance to Lee's ave LRT, Trendy Amenities, Restaurants & Local Cafes, the natural Beauty of the Rideau River and Canal, Local Parks, Biking Paths, and a new Canoe/Paddle Board Boat Launch are just blocks away. MAIN LEVEL: This executive one-bedroom unit features an open concept spacious dining and living area, with ample space to lounge and dine, along with a large bedroom and marble ensuite. SECOND LEVEL: This cozy two-bedroom unit has just the right space for that live-work balance, including a built-in bar area, porcelain floors through-out, and ample space to lounge or dine at an oversized granite kitchen island.THIRD LEVEL: This two-bedroom unit is about that upscale New York Penthouse vibe-white marble, crystal, acrylic, mirrored glass and all the luxuries one would associate with the Upper East Side.LOWER LEVEL: This thoughtfully designed unit has 9-foot ceilings, ample storage, a laundry room, a sleek kitchen , and a spacious bedroom area.Income 10,935 per month=$131,222 per year. EXP =$26,558. NOI 104,662. Cap 4.6.
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Estimated Rental Income
Rental estimate coming soon
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A monthly rent range from nearby leased homes of the same type and size
The leased comparables behind it (signed-in, VOW-gated)
Gross yield at the current list price
Monthly Cost
A quick estimate to plan with. Taxes come from the listing; change the other inputs to match your situation.
Estimated monthly$9,608/mo
Mortgage (principal + interest)$8,511
Property taxFrom listing: $13,167/yr$1,097
Minimum 20% ($455,000 on this price) applies to homes priced over $1.5M in Canada; the slider starts at 20%. Confirm with a lender.
Mortgage uses Canadian semi-annual compounding. Houses-Gate doesn’t offer financing.
Estimated Budget
About how much cash you’ll need on closing day, besides the mortgage.
Down payment20% of the list price$455,000
Ontario land transfer taxProvincial brackets, no first-time refund$43,350
Legal fees & disbursementsTypical range $1,800–$2,800$1,800
Home inspectionTypical range $500–$800$600
Title insuranceTypical range $300–$600$400
Cash needed at closingEstimate$501,150
First-time buyers can get up to $4,000 back on Ontario land transfer tax. Glebe - Ottawa East and Area has no municipal land transfer tax (Toronto does).
Uses Ontario’s land transfer tax brackets and the down payment set in Monthly Cost. Legal, inspection and title-insurance figures are typical ranges, not quotes.
Listing data is provided under copyright by the Toronto Regional Real Estate Board (TRREB). The data is deemed reliable but is not guaranteed to be accurate. The trademarks MLS®, Multiple Listing Service®, and the associated logos are owned by the Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.
The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose.
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