$1,050,000
561 Roosevelt Avenue
McKellar/Highland, Ottawa
- 3 bd
- 2 ba
- House
1 / 8
$790,000
McKellar/Highland, Ottawa, ON K2A2W7 · MLS® X13543716
Ideally located in desirable McKellar Park, this corner lot is ready for redevelopment. Currently zoned N2C, within walking distance to Dovercourt Recreation Centre, highly rated Elementary, Middle and Secondary Schools, McKellar Park, a dream property awaits. Minutes to shops, bakeries, and bike paths, the location can't be beat! Home on lot is vacant for last 10+ years and as such is being sold in "AS-IS" condition. 24 hour irrevocable on all offers. (id:65933)
A quick investor's view. Change any figure; we'll do the full analysis with you.
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Estimate only, not financial advice. Rent is reduced by vacancy, then management is taken on the rent collected; net operating income = that, less property tax and other costs; cap rate = net operating income ÷ price; cash flow also subtracts the mortgage (semi-annual compounding, as Canadian mortgages use). Vacancy default: CMHC Rental Market Report, Ottawa, October 2025.
Listed by Royal Lepage Team Realty.
Listing data provided by REALTOR.ca DDF® and owned by The Canadian Real Estate Association (CREA). Deemed reliable but not guaranteed.