$325,000
518 CHURCH STREET
Beds
—
Baths
—
Sqft
4,240
Year
—
Type
Multi-family
Suite
Investment signal
Location nearby
Nearby school, halal, mosque, grocery, park, and transit layers are still being built for North Dundas. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.
About this home
Prime investment and development opportunity in the growing community of Winchester. Located just 30 minutes south of Ottawa, 518 Church Street sits on a spacious lot with excellent redevelopment potential in an area experiencing increasing demand for quality housing. Positioned within walking distance to local schools, shopping, and the Winchester District Memorial Hospital, this property offers a rare combination of small-town charm and strong long-term investment potential. The generous lot frontage and depth make it an ideal candidate for redevelopment-whether for a purpose-built rental property, detached home, or a low-rise multi-unit building. The existing building provides the added advantage of a potential holding property, allowing investors to generate income while planning future development. Municipal water, sewer, and natural gas services are already connected, simplifying the path toward multi-unit conversion or redevelopment. Additional highlights include two deeded parking spaces with approval for additional gravel parking in front, as well as two deeded parking spots in Boyd parking lot, a roof replaced within the last five years, and future water rights secured for up to four apartment units, offering valuable flexibility for future plans. With rental demand continuing to grow across North Dundas, opportunities like this are becoming increasingly scarce. Winchester's convenient access to Highway 31 (Bank Street), medical facilities, schools, and family amenities makes it an attractive location for both residents and investors. Whether you're an experienced developer or an investor looking to expand your portfolio, 518 Church Street presents the location, infrastructure, and potential to bring your vision to life. (id:65958)
- Subtype
- Multi-family
- Structure
- Multi-Family
- Community
- 706 - Winchester
- Living area
- 4,240 square feet
- Lot size
- 4,240 acres
- Lot dimensions
- 4240
- On market
- Mar 14, 2026
- Status changed
- Apr 24, 2026
- Annual tax
- $2,452 (2025)
- Zoning
- Residential
- Photos
- 24
- MLS#
- X12883482
- Area
- NORTH_DUNDAS
Features and systems
Heating
Cooling
Cash on cash
6.04%
Cap rate
6.07%
GRM
11.3
Break-even rent
$2,055
Financing
Operating expenses (monthly)
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
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.