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Legal suite

$3,598,000

1337 OTTAWA AVENUE

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Beds

Baths

—

Sqft

—

Year

1975

Type

Single Family

Suite

Legal suite

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Location 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.

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

Negative cash flow ~$291/mo at these assumptions

Monthly rent (CAD)Adjust to your local market estimateDown payment (%)Investment props typically 20-25%Mortgage rate (% annual)Default 4.5% — adjust to your rate holdAmortization (years)

Cash on cash

-0.49%

Cap rate

4.77%

GRM

13.9

Break-even rent

$21,906

Financing

Down payment$719,600

Loan amount$2,878,400

Mortgage$14,584/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: 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 $14,584/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 13, 2026.