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Investment signal

$910,000

2024 OTHELLO AVENUE

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Beds

5

Baths

2

Sqft

Year

Type

Single Family

Suite

Suite potential

Location nearby

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

About this home

Turnkey, upgraded, and packed with value, welcome to this fabulous 4-bedroom (2+2), 2-bath bungalow in the sought-after Elmvale Acres / Urbandale neighbourhood. Showcasing over $160,000 in renovations, this home delivers the perfect mix of style, function, and income potential. The bright main level features a beautifully updated kitchen with granite countertops, high-end appliances, and hardwood flooring throughout, flowing into a sun-filled sunroom retreat, ideal for year-round enjoyment. Main floor laundry adds everyday convenience. Major updates include roof shingles (2016), energy-efficient windows (2017-2020), renovated bathroom (2019), furnace (2022), and fencing (2019). A rare highlight is the oversized heated double-car garage with inside wheelchair access, offering unmatched versatility. The fully finished lower level features a vacant in-law suite with private entrance, kitchen, and two bedrooms, perfect for multi-generational living or strong rental income. Ideally located near hospitals, shopping, transit, parks, and everyday amenities, this move-in-ready home is a standout opportunity for families, first-time buyers, and investors alike. (id:65958)

Subtype
Single Family
Architectural style
Bungalow
Structure
House
Community
3703 - Elmvale Acres/Urbandale
Common interest
Freehold
Lot dimensions
62.7 x 90 FT
Bedrooms
2 above grade, 3 below grade
Parking
5 total
Stories
1
On market
Apr 8, 2026
Status changed
Apr 24, 2026
Annual tax
$4,221
Photos
31
MLS#
X12969740
Area
OTTAWA

Features and systems

Parking

Attached GarageGarage

Basement

FinishedFull

Appliances

WasherRefrigeratorDishwasherStoveDryer

Heating

Forced airNatural gas

Cooling

Central air conditioning

Exterior

Brick

Foundation

Poured Concrete

Lot

LaneIn-Law Suite
Negative cash flow ~$1,001/mo at these assumptions

Cash on cash

-6.60%

Cap rate

3.54%

GRM

16.7

Break-even rent

$5,603

Financing

Down payment$182,000
Loan amount$728,000
Mortgage$3,689/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$417
Insurance$80
Maintenance$758
CapEx reserve$379
Vacancy loss$228

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

Estimated $3,689/mo at 4.5% with 20% down, 30-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 24, 2026.

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