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.
Contractors, this one is for you!! Exceptional investment opportunity in the heart of North Gower. This vacant lot is ready for the next stage of development, with approvals already in place for the construction of a triplex. Skip much of the lengthy planning process and move one step closer to building your next income-producing property. A new septic system has already been installed, adding significant value and helping reduce both time and upfront development costs.Located just 5 minutes from Highway 416, the property offers quick, convenient access to Ottawa while benefiting from the charm and growing appeal of village living. Its desirable location makes it an excellent option for attracting future tenants seeking a quieter lifestyle without sacrificing an easy commute.Whether you're an experienced builder, developer, or investor looking to expand your portfolio, this property is ready for someone to take the project through to completion and capitalize on its potential. With key approvals secured and essential infrastructure already in place, much of the groundwork has been done-allowing you to focus on bringing the vision to life.Opportunities to acquire development-ready properties with approvals already in place are increasingly rare. Take advantage of this chance to build a purpose-designed triplex in a growing community with excellent access to the city. Rendered photo of approved Triplex.
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What’s NearbyDistances approximate
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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$1,696/mo
Mortgage (principal + interest)$1,627
Property taxFrom listing: $824/yr$69
Minimum $21,750 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$87,000
Ontario land transfer taxProvincial brackets, no first-time refund$5,175
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$94,975
First-time buyers can get up to $4,000 back on Ontario land transfer tax. Manotick - Kars - Rideau Twp 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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