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.
Why sacrifice space for location when you can enjoy both? Welcome to 246 Madhu Crescent, an impressive residence in one of Ottawa's most desirable established neighbourhoods, minutes from Carleton University, Mooney's Bay, and convenient routes downtown. Surrounded by distinguished homes, it offers an exceptional balance of location, privacy, and space. Set on a premium 55-foot-frontage lot(five feet wider than the community's standard lots), this home offers nearly 5,000 sq. ft. of finished living space, including 3,827 sq. ft. above grade as per builder's plan. Extensive interlock landscaping enhances the curb appeal, while low-maintenance front and rear yards and a fully fenced backyard make outdoor living easy. Inside, generous proportions, classic finishes, a curved solid-wood staircase, and California shutters create timeless appeal. The main floor features a private office/den, separate living and dining rooms, a spacious family room, and a well-appointed kitchen with a gas stove, built-in appliances, and ample workspace. Upstairs, four exceptionally spacious bedrooms offer room to relax and grow. The primary suite has space for a sitting area, a large ensuite, and a generous walk-in closet. A second bedroom has its own ensuite, while two additional bedrooms share a Jack-and-Jill bathroom, an ideal arrangement for family living. The finished lower level adds a guest bedroom, bathroom, expansive recreation and entertainment area, bar, and dedicated storage. Two furnaces and two central air-conditioning units provide year-round comfort. For families seeking substantial living space without giving up a central Ottawa location, this is an opportunity worth seeing.
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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$6,767/mo
Mortgage (principal + interest)$5,720
Property taxFrom listing: $12,569/yr$1,047
Minimum 20% ($305,800 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$305,800
Ontario land transfer taxProvincial brackets, no first-time refund$27,055
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$335,655
First-time buyers can get up to $4,000 back on Ontario land transfer tax. Mooneys Bay - Carleton Heights 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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