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Listed 9 days ago

1152 Tawney Road

3704 - Hawthorne Meadows, Elmvale Acres and Area

$1,100,880

Detached|Bungalow
10 | 4 | 6
About this home

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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agent
Ephy Bookbinder
(416) 838-4804
TypeDetached
StyleBungalow
Approx. AgeNot available
Size1100-1500 sq. ft.
Property Tax$5,058
Lot Size67.2 ft x 152.73 ft
mls© NumberX14028688
Listed ByROYAL 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.

Down payment20% · $220,176
25-yr amortization

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 check

Values and trends

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