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Legal suite

$3,598,000

1337 OTTAWA AVENUE

Beds

10

Baths

Sqft

Year

1975

Location

See the block, not just the house.

Open the map for street view, commute checks, and nearby schools, groceries, mosques, parks, and transit stops.

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About this home

SUBDIVISION APPROVED! Rare, turnkey development opportunity in Ambleside! 1337 Ottawa Avenue has officially received District permission to subdivide into two premium ~7,600 sq.ft south-facing lots, each with expansive 72' frontages. Skip the multi-year queue at City Hall-the heavy lifting is already done. This package includes complete surveys and architectural drawings for two luxury homes (each featuring a legal suite). The existing home offers strong holding income while you finalize servicing. Perfect for builders and investors looking for mitigated risk, speed to market, and a highly profitable exit. Call today for the complete due-diligence package! (id:65958)

Subtype
Single Family
Architectural style
2 Level
Structure
House
Common interest
Freehold
Living area
4,589 square feet
Lot size
15,203 square feet
Lot dimensions
15203
Parking
4 total
On market
Mar 5, 2026
Status changed
Apr 13, 2026
Annual tax
$10,297.51
Photos
11
MLS#
R3096470
Area
WEST_VANCOUVER

Features and systems

Parking

GarageOther

Heating

Forced air

View

View
Negative cash flow ~$3,365/mo at these assumptions

Cash on cash

-5.61%

Cap rate

4.77%

GRM

13.9

Break-even rent

$25,142

Financing

Down payment$719,600
Loan amount$2,878,400
Mortgage$17,659/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$1,649
Insurance$80
Maintenance$2,998
CapEx reserve$1,499
Vacancy loss$1,080

Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.

Lifestyle nearby

Nearby school, halal, mosque, grocery, park, and transit layers are still being built for West Vancouver. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.

Mortgage estimate

Estimated $17,659/mo at 5.49% with 20% down, 25-yr amortization.Estimate only — actual payment varies by qualification + insurance.

Listing brokerage

Listing brokerage on file

Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 13, 2026.

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