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Listed 6 months ago

294 First Avenue

4401 - Glebe, Glebe - Ottawa East and Area

$2,389,000

Detached|3-Storey
5 | 4 | 2
About this home

This south-facing brick home is situated in a fabulous location on a tree-lined block in the heart of Glebe, one of Ottawa's most sought-after neighbourhoods. This property is located on the desirable 200-block of First Avenue allowing for extreme walkability, proximity to Montessori and Mutchmor Schools and parkland. This property enjoys a beautiful streetscape yet is the perfect distance from Bank Street to allow for privacy. Features the quintessential Glebe porch: spacious, ideal for summer evenings, and complete with a cozy fire pit. A wood-clad ceiling and ambient lighting add warmth and charm. Inside, the spacious foyer opens to a bright living room overlooking the leafy streetscape. Centered around a handsome fireplace, this room feels both elegant and comfortable. The main floor enjoys 9-foot ceilings, enhancing the sense of space. The upgraded kitchen/dining room is another highlight, with an oversized fridge/freezer, adjacent pantry, and durable Pirelli flooring. It opens conveniently to the backyard through a rear entrance with extra storage. The backyard itself is truly special, offering a deck, mature trees and a former garage now serving as a storage shed. The basement is bright and versatile, designed for modern family living. It features a generous family room, an office nook, spacious laundry room and plenty of storage. Upstairs, the second floor offers three bedrooms and a shared ensuite bathroom. One of the bedrooms is currently being used as a spacious office with its own sunny balcony. The primary suite enjoys treetop views and its own fireplace, while one bedroom opens onto a charming balcony. The third floor adds two more spacious bedrooms and a full bathroom, perfect for family, guests, or flexible use. With its gracious layout, mature setting, and unbeatable location, this property is a rare offering in the heart of the Glebe - combining charm, space and walkability in one of Ottawa's most beloved neighbourhoods.

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BrokerHub Inc.
(647) 254-1864
TypeDetached
Style3-Storey
Approx. AgeNot available
Size2500-3000 sq. ft.
Property Tax$12,084
Lot Size50 ft x 103 ft
mls© NumberX12851148
Listed ByMARILYN WILSON DREAM PROPERTIES INC.

Listing History

  • No recent sale history for this listing.
  • No recent lease history for this listing.

Could you afford this home?

What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$12,228
Property tax
$1,007
Heat allowance
$150
Housing costs
$13,385 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $477,800
25-yr amortization

Income needed

$412,000

gross annual household income

Payment at 4%
$10,053 / mo
Cash down
$477,800

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

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