$565,000
154 College Circle
Castle Heights, Ottawa
- 3 bd
- 2 ba
- Row / Townhouse
1 / 24
$749,000
Castle Heights, Ottawa, ON K1K1C1 · MLS® X14152272
This 3-bedroom, 2-bathroom home is being sold as a package with the adjacent house at 465 Guy Street for a combined price of $1,498,000 ($749,000 per home). These are two contiguous single-family freehold homes packaged together as a multifamily redevelopment site or a buy-and-hold opportunity. Located in a mature urban neighbourhood in Ottawa's east end near St. Laurent Shopping Centre, retail plazas, restaurants, medical centres and other amenities, with quick access to Highway 417. The site has full municipal services. The combined frontage is 120 feet with a depth of 120 feet, for a combined lot of 14,402 square feet. Both homes are tenanted, providing income during the redevelopment planning period, and are available on 30 days notice. The N4B zoning offers favourable multifamily density for this site. The two homes must be sold together. (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 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.