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211 Columbus Avenue

3502 - Overbrook/Castle Heights, Overbrook - Castleheights and Area

$849,900

Detached|Bungalow
2 | 2 | 3
About this home

DEVELOPMENT OPPORTUNITY on a premium 50 x 116 ft lot located on a quiet street in the desirable Overbrook neighbourhood. This is a rare chance to acquire a well-proportioned property in an established area experiencing ongoing redevelopment and strong growth. The existing 2+1 bedroom bungalow with a finished basement is being sold primarily for land value, offering excellent potential for redevelopment or a custom build (buyer to conduct their own due diligence). Potential future build options may include a 4-plex, 6-plex semi-detached, or higher-density development such as a 10- or 12-plex, subject to approvals. Current zoning allows for 10+ units, with the possibility to apply for additional density of up to 18 units - or, alternatively, build 10 units without requiring site plan approval. Ideally situated with 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 further enhances the appeal of this centrally located property. Property being sold in "as is, where is" condition. The seller makes no representations or warranties. 24 hours' notice required for all showings.

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BrokerHub Inc.
(647) 254-1864
TypeDetached
StyleBungalow
Approx. AgeNot available
Size700-1100 sq. ft.
Property Tax$5,385
Lot Size50 ft x 116 ft
mls© NumberX12925718
Listed ByRE/MAX HALLMARK REALTY GROUP

Listing History

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  • 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%
$4,350
Property tax
$449
Heat allowance
$150
Housing costs
$4,949 / mo

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

Down payment20% · $169,980
25-yr amortization

Income needed

$152,000

gross annual household income

Payment at 4%
$3,577 / mo
Cash down
$169,980

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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