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Listed 1 month ago

92 Jolliet Avenue

3402 - Vanier, Vanier and Kingsview Park

$599,900

Detached|Bungalow-Raised
2 | 2 | 4
About this home

ATTENTION DEVELOPERS & INVESTORS! Exceptional opportunity on a 40' x 100' lot with N3B[1340] zoning offering exciting redevelopment potential in a rapidly evolving neighbourhood. A newly constructed 8-unit apartment building on the neighbouring property demonstrates the development potential of this location and lot size. The existing property features 2 self-contained units - one 2-bedroom unit and one 1-bedroom unit - with BOTH UNITS TO BE VACANT ON CLOSING, giving the new owner the rare opportunity to select their own tenants and establish current market rents from day one. Whether you're looking for a redevelopment opportunity, a solid income property, or an owner-occupied home with a separate rental unit to help offset expenses, this property offers tremendous flexibility. The property also features a detached garage and a generous 40' x 100' lot. With new N3B[1340] zoning, nearby multi-unit redevelopment and an 8-unit building already constructed next door, this is an excellent opportunity for builders, developers and investors looking to capitalize on Ottawa's push toward greater urban density. Buy, rent, hold or explore redevelopment - 92 Jolliet offers multiple possibilities. Buyer to complete their own due diligence regarding development potential, permitted unit count and applicable zoning provisions.

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agent
Ephy Bookbinder
(416) 838-4804
TypeDetached
StyleBungalow-Raised
Approx. AgeNot available
Size< 700 sq. ft.
Property Tax$3,546
Lot Size40 ft x 100 ft
mls© NumberX13816702
Listed ByRE/MAX ABSOLUTE 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%
$3,071
Property tax
$296
Heat allowance
$150
Housing costs
$3,516 / mo

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

Down payment20% · $119,980
25-yr amortization

Income needed

$108,000

gross annual household income

Payment at 4%
$2,524 / mo
Cash down
$119,980

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Values and trends

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