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Price Change$688,000

685 FARMINGTON Avenue

4607 - Riverside Park South, Billings Bridge - Riverside Park and Area

$659,900

Detached|2-Storey
6 | 3 | 4
About this home

Rare opportunity to own in Ottawa Park South, one of Ottawa's fastest-transforming neighborhoods with exceptional long-term growth potential. Surrounded by ongoing redevelopment and benefiting from proximity to Mooney's Bay, transit, employment hubs, and urban amenities, this location is increasingly recognized as a future premier residential destination. Strong rental demand, excellent accessibility, and continued community investment make this an attractive option for both end users and savvy investors seeking appreciation potential.This spacious residence offers 5 bedrooms, a main-floor office, and den, providing exceptional flexibility for large families, multi-generational living, investors, or short-term rental operations. Currently operating as a successful Airbnb, the home generates strong income potential while maintaining future adaptability. The seller is open to restoring the original living room configuration prior to closing.Featuring three full bathrooms, abundant storage, a large functional kitchen, and a cozy gas fireplace, the home is designed for comfortable everyday living. The expansive finished basement offers excellent potential for recreation space, additional accommodation, or future secondary dwelling possibilities. Outside, the private fenced backyard creates an ideal setting for entertaining and family enjoyment.Whether you're looking to secure a family home in an emerging destination neighborhood or capitalize on the long-term growth potential of one of Ottawa's most strategically located communities, this property presents a rare opportunity to invest in the future of Ottawa Park South.

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agent
Ephy Bookbinder
(416) 838-4804
TypeDetached
Style2-Storey
Approx. AgeNot available
Size2000-2500 sq. ft.
Property Tax$5,827
Lot Size52 ft x 108.4 ft
mls© NumberX13777518
Listed ByHOME RUN 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%
$3,378
Property tax
$486
Heat allowance
$150
Housing costs
$4,013 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $131,980
25-yr amortization

Income needed

$123,000

gross annual household income

Payment at 4%
$2,777 / mo
Cash down
$131,980

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Values and trends

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