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Foreclosure signalInvestment signal

$799,900

479 NEWMAN AVENUE

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Beds

Baths

Sqft

—

Year

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Type

Multi-family

Suite

Investment signal

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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

Development opportunity on a premium 55.71 ft x 100 ft lot located on a quiet cul-de-sac in the desirable Overbrook neighbourhood. Rare chance to acquire a well-sized lot in an established area experiencing ongoing redevelopment and strong growth. The existing 2+1 bedroom home with two full bathrooms and a finished basement is being sold strictly for land value. The property presents an excellent opportunity for redevelopment or a custom build in a neighbourhood seeing increasing new construction and investment (buyer to perform their own due diligence). Ideally situated in a location offering quick access to downtown Ottawa, the Rideau River, scenic walking and cycling pathways, parks, and green space. Close proximity to the University of Ottawa, St. Laurent Shopping Centre, schools, public transit, and Highway 417 adds to the strong redevelopment appeal of this central location. Property being sold in "as is, where is" condition. The seller makes no representations or warranties. (id:65958)

Subtype: Multi-family
Architectural style: Bungalow
Structure: Other
Community: 3502 - Overbrook/Castle Heights
Lot dimensions: 55.7 x 100 FT
Bedrooms: 2 above grade, 1 below grade
Parking: 4 total
Stories: 1
On market: Mar 27, 2026
Status changed: Apr 24, 2026
Annual tax: $4,157.45
Zoning: R1O
Photos: 16
MLS#: X12930310
Area: OTTAWA

Features and systems

Parking

CarportNo Garage

Basement

FinishedFull

Appliances

RefrigeratorStoveHood Fan

Heating

Forced airNatural gas

Cooling

Central air conditioning

Foundation

Block

Lot

Lane

Utilities

SewerElectricityCable

Negative cash flow ~$889/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

-6.67%

Cap rate

3.53%

GRM

16.7

Break-even rent

$4,936

Financing

Down payment$159,980

Loan amount$639,920

Mortgage$3,242/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$367

Insurance$80

Maintenance$667

CapEx reserve$333

Vacancy loss$200

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 $3,242/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.