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.
ATTENTION BUILDERS, DEVELOPERS & INVESTORS! PRIME REDEVELOPMENT OPPORTUNITY! Discover the potential of this approximately 50' x 123' property with City confirmed CM2 (Minor Corridor Zone 2) zoning, offering exciting possibilities for future development and intensification. Ideally situated in an established Ottawa neighborhood with convenient access to Highway 417, public transit, shopping, schools and everyday amenities. A desirable location for a future residential or mixed use project, subject to applicable zoning provisions and municipal approvals. Currently improved with a 3-bedroom bungalow featuring a finished lower level, the property is tenant occupied and generates $3,000/month in all inclusive rental income, offering income while future plans are explored. A new survey is available with an offer. An outstanding opportunity to invest in the land, location and future potential!
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Age Groups
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What’s NearbyDistances approximate
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Transit score information is not available for this listing.
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Always confirm school catchments with the local school board.
Estimated Rental Income
Rental estimate coming soon
We’re not showing a number until we have a data source we trust. When it’s connected, this section will show:
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$3,729/mo
Mortgage (principal + interest)$3,366
Property taxFrom listing: $4,350/yr$363
Minimum $64,990 down for this price; the slider moves in whole percent, starting at 8%. Under 20% adds mortgage default insurance. 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$179,980
Ontario land transfer taxProvincial brackets, no first-time refund$14,473
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$197,253
First-time buyers can get up to $4,000 back on Ontario land transfer tax. Belair Park - Copeland Park 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.
All information deemed reliable but not guaranteed. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor HousesGate shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless.
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