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Investment signal

$1,499,000

391 GREENWOOD AVENUE

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Beds

2

Baths

1 full + 1 half

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

Westboro in your portfolio! Outstanding all brick purpose built triplex desirably situated on a 49.02' x 66.0' lot. Spacious units. 2 x two-bedroom units and 1 x one-bedroom. Two driveways, plenty of parking. Separate hydro meters. All units have A/C. Recently refreshed units with third unit added to basement in 2024. Upside: coach house can be added to the backyard. Existing income is excellent. This is a generational asset in a premium location. (id:65958)

Subtype
Multi-family
Structure
Duplex
Community
5105 - Laurentianview
Lot dimensions
49 x 66 FT
Bedrooms
2 above grade
Parking
1 total
Stories
2
On market
Feb 10, 2026
Status changed
Apr 24, 2026
Annual tax
$7,620 (2025)
Photos
24
MLS#
X12774472
Area
OTTAWA

Features and systems

Parking

GarageOther

Basement

None

Heating

Forced airNatural gas

Cooling

Central air conditioning

Exterior

Brick

Foundation

Brick
Negative cash flow ~$1,592/mo at these assumptions

Cash on cash

-6.37%

Cap rate

3.59%

GRM

16.7

Break-even rent

$9,176

Financing

Down payment$299,800
Loan amount$1,199,200
Mortgage$6,076/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$687
Insurance$80
Maintenance$1,249
CapEx reserve$625
Vacancy loss$375

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 $6,076/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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