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.
Located at the corner of Somerset Street in Centretown Ottawa, 237-239 Metcalfe Street is a distinguished three-storey Victorian-style heritage building constructed between 1876 and 1877 and extensively refurbished. The property comprises a three-storey office building with a partially finished basement and onsite exterior parking. It offers an above-grade gross floor area (GFA) of 7,367 square feet (sf), plus an additional 2,940 sf of finished and unfinished basement space, for a total building area of approximately 10,307 sf. Office improvements include; +/- 15 offices, with one (1) executive boardroom, three (3) meeting rooms, seven (7) washrooms, one (1) shower, one (1) kitchen. There are +/- 12 surface on-site parking spaces. Ideally situated in the heart of Centretown, the building enjoys proximity to parks, restaurants, schools, and essential services. Its central location provides excellent accessibility-just minutes from Highway 417 and approximately 1km from the Parliament LRT station-making it a highly convenient and strategic address for any business.
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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$15,864/mo
Mortgage (principal + interest)$13,654
Property taxFrom listing: $26,518/yr$2,210
Minimum 20% ($730,000 on this price) applies to homes priced over $1.5M in Canada; the slider starts at 20%. 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$730,000
Ontario land transfer taxProvincial brackets, no first-time refund$77,725
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$810,525
First-time buyers can get up to $4,000 back on Ontario land transfer tax. Ottawa Centre 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.
