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.
Tucked away in a quiet, central enclave just off Bank Street, welcome to the 1201 Ohio Street condominium complex. Step inside Unit #107 to find a freshly painted interior with rich hardwood flooring flowing through the main living and dining spaces. The kitchen comes fully equipped with brand-new stainless steel appliances and plenty of cabinet space. A true highlight of this home is the versatile den-finished with brand-new vinyl flooring, this private space serves as an ideal home office, guest space, or hobby room.The spacious primary bedroom also features continuous hardwood flooring and looks directly out onto peaceful, lush green views. Conveniently located right next to the bedroom is a full bathroom.Key updates include fresh paint throughout, all brand-new kitchen appliances, an owned hot water tank (August 2024), and in-unit laundry with a washer and dryer updated in 2023.This unit includes a dedicated storage locker, while building amenities feature a bike room and a common room for social events. Located in an exceptionally bike-friendly neighbourhood with close proximity to bike paths, you are just minutes from Billings Bridge Mall, Lansdowne, South Keys Plaza, major grocery stores, restaurants, and the Ottawa Hospital. With bus stops only 2 minutes away and easy highway access, commuting is a breeze | Status certificate has been ordered & can be provided upon request after showings | Some photos have been virtually staged.| Parking Note: Seller currently rents a parking spot for $100/month in the building
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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$1,942/mo
Mortgage (principal + interest)$1,215
Property taxFrom listing: $3,407/yr$284
Condo feesFrom listing$443
Minimum $16,245 down for this price; the slider moves in whole percent, starting at 5%. 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$64,980
Ontario land transfer taxProvincial brackets, no first-time refund$3,349
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$71,129
First-time buyers can get up to $4,000 back on Ontario land transfer tax. Billings Bridge - Riverside 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.
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