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7201 - City View/Skyline/Fisher Heights/Parkwood Hills, Cityview - Parkwoods Hills - Rideau Shore
$774,900
REDUCED PRICE! New CM2 Zoning accommodates many new uses! Welcome to 1197 Deer Park Road! An ideal 5-Bedroom + DEN, Side-Split investment in Fisher Heights - Income & Future Potential. Welcome to this beautifully maintained 5-bedroom side-split home in the sought-after community of Fisher Heights, ideally situated on a premium 75 x 100 ft corner lot. Currently generating approximately $5,000/month in rental income, this property presents an exceptional opportunity for investors or homeowners seeking strong cash flow with long-term upside.The upper level features three spacious bedrooms and a beautifully updated bathrooms (2021, 2024). The bright, open-concept living and dining area is ideal for entertaining. A thoughtfully designed kitchen and mudroom addition (2020) includes updated electrical and insulation in the renovated section. Furnace replaced in 2020, AC replaced in 2022 .The lower level offers a fourth & fifth bedroom, providing flexibility for family living or rental configuration. The generous 75 x 100 ft lot offers excellent future development potential, making this a rare opportunity in a prime location. Steps to shopping, schools, public transit, a private tennis club across the street, and a nearby park. A versatile property offering strong income, comfortable living, and outstanding future potential. Hot water tank $29/month(approx)
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| Type | Detached |
| Style | Bungalow |
| Approx. Age | 31-50 |
| Size | 1500-2000 sq. ft. |
| Property Tax | $5,277 |
| Lot Size | 75 ft x 100 ft |
| mls© Number | X13766250 |
| Listed By | ROYAL LEPAGE INTEGRITY REALTY |
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%
- $3,966
- Property tax
- $440
- Heat allowance
- $150
- Housing costs
- $4,556 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$140,000
gross annual household income
- Payment at 4%
- $3,261 / mo
- Cash down
- $154,980
Assumes no other monthly debts · 25-yr amortization
Full affordability checkValues and trends
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