125 Norice Street, Ottawa, photo 1 1 / 24

$729,900

125 Norice Street

Meadowlands/Crestview, Ottawa, ON K2G2Y2 · MLS® X14031458

  • 5Bedrooms
  • 2Bathrooms
  • 6Parking

About this property

Tucked away in the established Meadowlands/Crestview neighbourhood, 125 Norice Street is a classic brick bungalow offering an abundance of charm, versatility, and opportunity. With its welcoming curb appeal, functional layout, and exceptionally generous outdoor space, this property offers more than what meets the eye. Step inside to discover a bright and open main floor where the living and dining flows effortlessly into a well-appointed kitchen featuring ample cabinetry and workspace. Three comfortable bedrooms, a full bathroom, and dedicated laundry complete this main level, creating an ideal setting for everyday living. The finished lower level, featuring a non-conforming secondary dwelling unit with a separate entrance, its own kitchen, open living and dining space, two additional bedrooms, a full bathroom, and private laundry facilities. Whether accommodating extended family, creating a comfortable space for guests, or exploring the potential for supplementary rental income, the possibilities are endless. With plenty of room to garden, entertain, play, or simply enjoy the outdoors the backyard has an abundance of space. A detached double garage, complete with a newly replaced roof in October 2026, and a generous driveway provide ample parking and storage. Shed roof (October 2026). Previously generating approximately $4,500 in combined monthly rental income, the home presents an appealing opportunity for buyers seeking both lifestyle and investment potential. Ideally situated near parks, schools, shopping, transit, and major commuter routes, this charming property combines the convenience of city living with the breathing room of an oversized residential lot. Great value if you're looking for a place to call home, room for multiple generations, or an investment with future possibilities. Pre-inspection report available upon request. Any future development or additional dwelling uses are subject to applicable municipal requirements and approvals. (id:65933)

Type
House
Category
Single Family
Annual taxes
$5,203
Updated
Nov 9, 2026

Run the numbers

A quick investor's view. Change any figure; we'll do the full analysis with you.

Mortgage / mo–

Property tax / mo–

Net operating income / yr–

Cash flow / mo–

Cap rate–

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.

Similar listings in Meadowlands/Crestview