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2010 - Chateauneuf, Orleans - Convent Glen and Area
$899,900
Prime Development Property close to Place d'Orleans, the new upcoming LRT Station expected to open later this year, and plenty of nearby Shopping & Amenities. This property has been re-zoned, and is designated as N3B under the City of Ottawa's New Zoning By-Law. Redevelopment POTENTIAL of 24+ UNITS under the new zoning code. The lot is 85 x 215 feet, and the property is currently tenanted at $2900/month inclusive of utilities, allowing for the collection of rents while you plan and prepare your lucrative development project.**Buyers advised to conduct their own due-diligence regarding re-development potential**
No extras listed.
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| Type | Detached |
| Style | 1 1/2 Storey |
| Approx. Age | Not available |
| Size | 1100-1500 sq. ft. |
| Property Tax | $4,170 |
| Lot Size | 85 ft x 215 ft |
| mls© Number | X13568176 |
| Listed By | AVENUE NORTH REALTY INC. |
Listing History
- No recent sale history for this listing.
- No recent lease history for this listing.
Could you afford this home?
What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $4,606
- Property tax
- $347
- Heat allowance
- $150
- Housing costs
- $5,104 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$157,000
gross annual household income
- Payment at 4%
- $3,787 / mo
- Cash down
- $179,980
Assumes no other monthly debts · 25-yr amortization
Full affordability checkValues and trends
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