$699,900
3030 Southmore Drive E
Riverside Park South, Ottawa
- 5 bd
- 2 ba
- House
1 / 24
$659,900
Riverside Park South, Ottawa, ON K1V7H4 · MLS® X13777518
Rare opportunity to own in Ottawa Park South, one of Ottawa's fastest-transforming neighborhoods with exceptional long-term growth potential. Surrounded by ongoing redevelopment and benefiting from proximity to Mooney's Bay, transit, employment hubs, and urban amenities, this location is increasingly recognized as a future premier residential destination. Strong rental demand, excellent accessibility, and continued community investment make this an attractive option for both end users and savvy investors seeking appreciation potential.This spacious residence offers 5 bedrooms, a main-floor office, and den, providing exceptional flexibility for large families, multi-generational living, investors, or short-term rental operations. Currently operating as a successful Airbnb, the home generates strong income potential while maintaining future adaptability. The seller is open to restoring the original living room configuration prior to closing.Featuring three full bathrooms, abundant storage, a large functional kitchen, and a cozy gas fireplace, the home is designed for comfortable everyday living. The expansive finished basement offers excellent potential for recreation space, additional accommodation, or future secondary dwelling possibilities. Outside, the private fenced backyard creates an ideal setting for entertaining and family enjoyment.Whether you're looking to secure a family home in an emerging destination neighborhood or capitalize on the long-term growth potential of one of Ottawa's most strategically located communities, this property presents a rare opportunity to invest in the future of Ottawa Park South. (id:65933)
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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 Home Run Realty Inc..
Listing data provided by REALTOR.ca DDF® and owned by The Canadian Real Estate Association (CREA). Deemed reliable but not guaranteed.