









163 Norice Street
7302 - Meadowlands/Crestview, Meadowlands - Crestview and Area
$1,289,000
Rare opportunity to acquire a substantial development lot measuring approximately 103' x 148', ideally located in an established and highly desirable Ottawa neighbourhood. Zoned N2E, this property offers a range of potential redevelopment opportunities for builders, developers, and investors seeking a well-positioned site in a growing urban market.This location also provides outstanding access to major amenities, including schools, Algonquin College, public transit, shopping, parks, and recreational facilities, making it an attractive setting for future development.The property may be purchased with tenants in place for immediate income potential or with vacant possession, offering flexibility to suit a purchaser's development timeline and objectives.Development sites of this size and location are increasingly difficult to find. Buyers are encouraged to conduct their own due diligence regarding zoning, permitted uses, redevelopment potential, and any applicable municipal approvals.
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| Type | Detached |
| Style | 2-Storey |
| Approx. Age | 51-99 |
| Size | 1100-1500 sq. ft. |
| Property Tax | $4,994 |
| Lot Size | 103 ft x 146 ft |
| mls© Number | X13231402 |
| Listed By | ROYAL LEPAGE TEAM REALTY |
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%
- $6,598
- Property tax
- $416
- Heat allowance
- $150
- Housing costs
- $7,164 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$220,000
gross annual household income
- Payment at 4%
- $5,424 / mo
- Cash down
- $257,800
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
Estimated rent, cap rate and monthly cash flow for this property
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