1 / 43
Investment signal

$698,000

2223 HALIFAX DRIVE

Save this home

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

Nestled in a fantastic, family-friendly neighborhood, this charming, raised bungalow offers the perfect blend of comfortable living and excellent income or multi-generational potential. Situated close to top-rated schools, parks, shopping, and easy access to major routes, this home combines convenience with undeniable charm. Step inside to a bright and open main level featuring a cohesive living and dining area, perfect for entertaining. The modern kitchen overlooks the space, creating a warm, connected atmosphere. Walk out from the living room through double door to your own private front deck-an ideal spot for morning coffee. Three generously sized bedrooms with vaulted ceilings await, including one with convenient patio door access to the backyard, offering flexibility as a bedroom or a sunny family room. The lower level unveils incredible potential! The lower level is ideal for an in-law or rental suite, featuring a separate entrance, an oversized living/dining space, a kitchen, two bedrooms with closets, & a 3-piece bath. A dedicated laundry room is accessible from both units. This space is perfect for generating rental income or accommodating extended family. This is a rare find: a move-in ready home with income suite potential, situated on a quiet street just moments from all amenities. Don't miss this opportunity! Few photos have been virtually staged. 48 hours irrevocable on all offers. (id:65958)

Subtype
Single Family
Architectural style
Raised bungalow
Structure
House
Community
3703 - Elmvale Acres/Urbandale
Common interest
Freehold
Lot dimensions
50 x 100 FT
Bedrooms
3 above grade, 2 below grade
Parking
4 total
Stories
1
On market
Mar 6, 2026
Status changed
Apr 24, 2026
Annual tax
$4,413.28 (2025)
Zoning
Residential
Photos
43
MLS#
X12853696
Area
OTTAWA

Features and systems

Parking

CarportCoveredNo Garage

Basement

FinishedFullSeparate entranceN/AN/A

Appliances

WasherRefrigeratorDishwasherStoveDryerMicrowaveHood FanStorage Shed

Heating

Forced airNatural gas

Cooling

Central air conditioning

Exterior

BrickVinyl siding

Flooring

Hardwood

Foundation

Poured Concrete

Lot

Carpet Free

Community

Community Centre

Utilities

SewerElectricityCable
Negative cash flow ~$777/mo at these assumptions

Cash on cash

-6.68%

Cap rate

3.53%

GRM

16.6

Break-even rent

$4,318

Financing

Down payment$139,600
Loan amount$558,400
Mortgage$2,829/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$320
Insurance$80
Maintenance$582
CapEx reserve$291
Vacancy loss$175

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 $2,829/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.

We use a single cookie to remember if you’ve dismissed this notice and a no-PII analytics ping. By using this site you consent. Privacy.