Multi-unit
$778,000
479 Newman Avenue
Overbrook/Castle Heights, Ottawa
- 3 bd
- 2 ba
- Other
1 / 23
$750,000
322-324 Queen Mary Street
Overbrook/Castle Heights, Ottawa, ON K1K1W9 · MLS® X14089798
- 2,684 square feetLiving area
- 4Parking
About this property
CASH FLOWING legal rooming house on two adjacent, south-fronting lots offered together in one of Ottawa's fastest-growing urbancores. Providing significant holding income while you navigate the site plan process in the case of future development. 14 rooms eachrented for $520/month+. Zoning supports high-intensity residential (apartments, stacked towns, or low-rise). Unbeatable location.Maximize your footprint by combining these separate titles or keep them independent for future resale flexibility. (id:65933)
- Type
- Multi-Family
- Category
- Multi-family
- Annual taxes
- $6,467
- Updated
- Oct 21, 2026
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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 Integrity Realty.
Listing data provided by REALTOR.ca DDF® and owned by The Canadian Real Estate Association (CREA). Deemed reliable but not guaranteed.
