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.
Opportunity is best when it offers flexibility. This legal Secondary Dwelling Unit (SDU) bungalow in sought after Parkway Park features two fully self contained residences, making it an outstanding opportunity for investors, homeowners looking to offset their mortgage, or families seeking multi generational living in one of Ottawa's most connected west end neighborhoods. The seller is flexible and can accommodate either a quick closing or a longer possession to suit your needs. The main residence offers approximately 1,380 sq. ft. with 4 bedrooms, 2.5 bathrooms, main floor laundry, a bright open layout, and a brand new refrigerator. The legal lower level suite spans approximately 1,100 sq. ft. and features its own private entrance, 4 bedrooms, 2 full bathrooms, in unit laundry, and an open concept kitchen, dining, and living area. Together, the property offers 8 bedrooms, 4.5 bathrooms, and two completely independent living spaces. Completed through a comprehensive, city approved conversion, the legal SDU includes separate hydro meters, hardwired smoke detectors, oversized egress window, fire separation, updated mechanical systems, and quality finishes throughout. Occupancy permit, ESA certificates, city approved plans, and a complete list of improvements are available. Outside, enjoy excellent curb appeal, cohesive updates, and a large private backyard with a patio. Ideally located just minutes from Algonquin College, College Square, Queensway Carleton Hospital, Pinecrest Recreation Complex, parks, shopping, restaurants, Highway 417, and transit, this is a rare turnkey opportunity in a high demand rental corridor. Future potential may include a coach house or above grade expansion, subject to municipal approvals. A documented legal SDU offering exceptional flexibility, quality craftsmanship, and outstanding long term value.
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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$4,191/mo
Mortgage (principal + interest)$3,722
Property taxFrom listing: $5,623/yr$469
Minimum $74,500 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$199,000
Ontario land transfer taxProvincial brackets, no first-time refund$16,375
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$218,175
First-time buyers can get up to $4,000 back on Ontario land transfer tax. Parkway Park - Queensway Terrace S 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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