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.
INVESTMENT OPPORTUNITY IN WEST CENTRETOWN! Ideally positioned in one of Ottawa's most sought-after urban neighbourhoods, this well-located duplex offers an excellent opportunity for investors seeking a versatile income property with two separate residential units. Each unit occupies its own level and features two bedrooms, providing attractive layouts for tenants seeking comfortable inner-city living. The upper unit also enjoys a private second-floor balcony, while both units benefit from access to the backyard. Additional features include a detached garage and two rear parking spaces, conveniently accessed from the laneway/street behind Spadina Avenue-an exceptional amenity in this central location. The real value is the location. Situated in West Centretown, residents are surrounded by an outstanding mix of restaurants, cafés, grocery stores, shops, fitness studios, services and entertainment. Bank Street, Somerset Street West and the broader Centretown area offer an abundance of everyday amenities within easy reach. The neighbourhood is highly walkable and well connected by public transit, with convenient access to downtown, the O-Train network, Highway 417 and major employment, education and cultural destinations. (Centretown Ottawa)Enjoy close proximity to Chinatown and Little Italy, the Ottawa River pathways, parks and recreation, and the many attractions of downtown Ottawa. Centretown's established mix of residential, commercial and employment uses continues to make it an attractive choice for tenants seeking an urban lifestyle with convenience at their doorstep. (Centretown Citizens Ottawa Corporation)A fantastic opportunity to add a well-positioned duplex to your portfolio, live in one unit while renting the other, or capitalize on the enduring appeal of central Ottawa living. Minimum 48hrs notice to schedule any and all showings.
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Owners vs Renters
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What’s NearbyDistances approximate
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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$3,502/mo
Mortgage (principal + interest)$2,992
Property taxFrom listing: $6,111/yr$509
Minimum $54,990 down for this price; the slider moves in whole percent, starting at 7%. 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$159,980
Ontario land transfer taxProvincial brackets, no first-time refund$12,473
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$175,253
First-time buyers can get up to $4,000 back on Ontario land transfer tax. West Centre Town 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.
