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3704 - Hawthorne Meadows, Elmvale Acres and Area
$1,100,880
Exceptional income producing property with strong cash flow and significant future redevelopment potential. Situated on a large 153 ft. x 67 ft. corner lot with access from two sides, this fully tenanted property is ideally located along St. Laurent Boulevard and offers a rare combination of immediate income and long term upside. The property features 10 bedrooms and 3.5 bathrooms and generates approximately $91,872 in annual rental income, with a reported Net Operating Income of approximately $62,900 per year. Located in a high demand rental area close to CHEO, the Ottawa General Hospital, transit, shopping and everyday amenities, the property offers flexibility for investors looking to continue operating it as a strong cash flowing rental while exploring future redevelopment opportunities. The anticipated new zoning is CM2, which is expected to permit higher density development with building heights of up to approximately 20 metres. Whether your strategy is to hold for income, reposition the property, or plan for future redevelopment, this is a compelling opportunity in a well located and evolving area of Ottawa. Buyers are advised to independently verify zoning, permitted uses, development potential and all financial information
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| Type | Detached |
| Style | Bungalow |
| Approx. Age | Not available |
| Size | 1100-1500 sq. ft. |
| Property Tax | $5,058 |
| Lot Size | 67.2 ft x 152.73 ft |
| mls© Number | X14028688 |
| 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%
- $5,635
- Property tax
- $421
- Heat allowance
- $150
- Housing costs
- $6,206 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$191,000
gross annual household income
- Payment at 4%
- $4,633 / mo
- Cash down
- $220,176
Assumes no other monthly debts · 25-yr amortization
Full affordability checkValues and trends
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