$529,999
14 Ottawa Avenue
Beds
0
Baths
—
Sqft
—
Year
1954
Type
Other
Suite
Investment signal
Location nearby
Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Happy Valley-Goose Bay. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.
About this home
If you are looking for a property with positive cash flow and a great amount of potential for further development, then look no further than 14 Ottawa Avenue! This property has 3 units currently rented and the 4th is undergoing repairs, however, for the past 5 years there has rarely been a vacancy of those 3 units for longer than 2 weeks. All units are electric heated with hot water radiation, include a fridge, stove and microwave, and some furnishings. The owner pays utilities for the units and collects rent monthly. The 1st floor has 2 units, Apartment A, 2 bedroom, approximately 550 sq ft and have rented in the past for $1,500; and Apartment B, 3 bedroom approximately 1350 sq ft and has been rented in the past for $1,800 (currently vacant for repairs). These units share a common area and a laundry room. The 2nd floor also has 2 units, Apartment C, 3 bedrooms with laundry and approximately 1500 sq ft rented for $1,000, and Apartment D a 1 bedroom with laundry approximately 750 sq ft rented for $900. BONUS is the currently vacant heated garage with drive-in access measuring approximately 1500 sq ft. The owner has had a property manager there daily to oversee any issues and all maintenance inside and outside. 2ND BONUS is potential revenue via the large undeveloped land that is cleared and all fenced with chain link. (id:65958)
- Subtype
- Other
- Architectural style
- 2 Level
- Structure
- Multi-Family
- Common interest
- Freehold
- Lot dimensions
- 2 Parcels containing 2.471 acres
- Bedrooms
- 0 above grade, 0 below grade
- On market
- Apr 21, 2026
- Status changed
- Apr 21, 2026
- Annual tax
- $3,944 (2025)
- Zoning
- Mixed
- Photos
- 8
- MLS#
- 1296417
- Area
- HAPPY_VALLEY-GOOSE_BAY
Features and systems
Heating
Flooring
Cash on cash
-6.98%
Cap rate
3.47%
GRM
16.7
Break-even rent
$3,299
Financing
Operating expenses (monthly)
Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 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.
Mortgage estimate
Listing brokerage
Listing brokerage on file
Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 21, 2026.