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Listed 3 months ago

6958 Notre Dame Street

2010 - Chateauneuf, Orleans - Convent Glen and Area

$899,900

Detached|1 1/2 Storey
5 | 2 | 10
About this home

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**

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agent
Ephy Bookbinder
(416) 838-4804
TypeDetached
Style1 1/2 Storey
Approx. AgeNot available
Size1100-1500 sq. ft.
Property Tax$4,170
Lot Size85 ft x 215 ft
mls© NumberX13568176
Listed ByAVENUE 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.

Down payment20% · $179,980
25-yr amortization

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 check

Values and trends

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