ON > Overbrook - Castleheights And Area > 3502 - Overbrook-Castle Heights
Overbrook - Castleheights And Area, ON K1K 1B8,515 Guy ST
Overbrook - Castleheights And Area, ON K1K 1B8,515 Guy ST
Overbrook - Castleheights And Area, ON K1K 1B8,515 Guy ST
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Gail Reeves Reid

Gail Reeves Reid

+1(416) 540-8681
$850,000
Est. payment /mo
5 Beds
3 Baths
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UPDATED:

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

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Listed by RE/MAX HALLMARK REALTY GROUP

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agent

Gail Reeves Reid

+1(416) 540-8681

Broker | License ID: 9520476

Broker License ID: 9520476

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