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Overbrook - Castleheights And Area,ON K1K 1B8
Key Details
Property Type Single Family Home
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Approx. Sqft 1500-2000
Subdivision 3502 - Overbrook/Castle Heights
MLS Listing ID X12163595
Style 2-Storey
Bedrooms 5
Annual Tax Amount $5,763
Tax Year 2025
Property Sub-Type Detached
Lot Depth 109.0
Lot Front 60.0
Appx SqFt 1500-2000
Property Description
Fantastic turnkey investment opportunity in Castle Heights! This detached home offers two units (in-law suite), both with private entrances and separate laundry. The upper unit is a spacious 3-bedroom, 1.5-bath home featuring hardwood floors, a gas fireplace, a bright bay window, and an eat-in kitchen with under/over-cabinet lighting. It also includes a family room with access to a large deck. Currently rented for $2,624/month(2,689/m Aug 1).The lower unit/in-law suite is a 2-bedroom with its own entrance, full kitchen, bathroom, and in-unit laundry. Minor work could be done to legalize the separation if desired. This unit is currently rented at $1,850/month, increasing to $1,896 in August. The 34'x34' detached garage is a huge value add, with 126 ceilings, triple insulation, a metal roof, 100-amp electrical service, natural gas heating, and running water. Perfect for a workshop, hobbyist or added rental income. The home also features a fully fenced backyard and parking for 6 vehicles in the garage and 6 in the driveway. One garage spot currently rented for 300/m.Combined, the property generates $4,774/month over $55,000/year- 6.7% CAP. If garage fully rented at 1050/m and increased rents considered this could be a 7.9%CAP. Centrally located near Farm Boy, FreshCo, Loblaws, Decathlon, Winners, Montfort Hospital, and the St-Laurent Complex. Easy access to transit, shops, parks, and more. Walk Score 70, Bike Score 70. A smart addition to any portfolio or ideal for live-in landlords. Dont miss it! Annual operating costs: Hydro approx. $2,101, Gas $2,458, Water $1,678, Insurance $3,522. 2024 property taxes: $5,908.
Location
Province ON
County Ottawa
Community 3502 - Overbrook/Castle Heights
Area Ottawa
Rooms
Family Room Yes
Basement Full,Finished
Kitchen 2
Separate Den/Office 2
Interior
Interior Features In-Law Suite,Separate Heating Controls,Ventilation System,Storage
Cooling Wall Unit(s)
Inclusions 2 Fridges, 2 Stoves, 2 Washer, 2 Dryer, Dishwasher, Hoodfan
Exterior
Garage Spaces 6.0
Pool None
Roof Type Asphalt Shingle
Lot Frontage 60.0
Lot Depth 109.0
Total Parking Spaces 12
Building
Foundation Concrete,Block
Others
Senior Community Yes
Virtual Tour https://bit.ly/3YVf3iZ