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Investment signal

$615,000

244 & 246 EMOND STREET

Save this home

Beds

4

Baths

3

Sqft

Year

Type

Multi-family

Suite

Investment signal

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

What a GREAT buy! This LEGAL duplex has been in the family since 1965!! Not only is the duplex itself in GREAT shape, there is an oversized detach 1.5 car garage with a 10-foot door AND 2 outdoor storage lockers perfect for garbage & recycling or sports equipment! A FULL stone front, a covered front porch, driveway can accommodate parking for 2 mid size vehicles - ALL rare features for downtown living. The 2-story main level unit offers a spacious living area & good size kitchen, 1 bedroom, an updated 4-piece bath, a FULLY finished lower level with a den & 3-piece bath- this unit is SPOTLESS!! The second level unit can be accessed from the front & backyard; it offers a very bright living space, 2 bedrooms & an updated bath with a tub & shower combo! For downtown living this backyard is considered BIG! Roof 2006 window 1996/ SEPARATE HYDRO METERS/ (id:65958)

Subtype
Multi-family
Structure
Duplex
Community
3402 - Vanier
Lot dimensions
39.5 x 69.5 FT
Bedrooms
4 above grade
Parking
3 total
Stories
2
Fireplace
1
On market
Apr 9, 2026
Status changed
Apr 27, 2026
Annual tax
$3,965 (2025)
Zoning
R4E
Photos
35
MLS#
X12979460
Area
OTTAWA

Features and systems

Parking

Detached GarageGarage

Basement

FinishedFull

Appliances

Water meterCentral VacuumDryerTwo stovesTwo WashersGarage door opener remote(s)Water HeaterTwo Refrigerators

Heating

Baseboard heatersWood

Cooling

Window air conditioner

Exterior

Stone

Foundation

Poured Concrete

View

City view
Negative cash flow ~$702/mo at these assumptions

Cash on cash

-6.85%

Cap rate

3.49%

GRM

16.7

Break-even rent

$3,814

Financing

Down payment$123,000
Loan amount$492,000
Mortgage$2,493/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$282
Insurance$80
Maintenance$513
CapEx reserve$256
Vacancy loss$154

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 $2,493/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 27, 2026.

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