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Listed 3 months ago

1 & 2 - 1627 CHAUCER Avenue

3602 - Riverview Park, Alta Vista and Area

$865,000

Detached|Bungalow
6 | 2 | 3 | 0
About this home

Multi-Unit and Legal Secondary dwelling 2016, on a corner lot. Great investment close to CHEO and Ottawa Hospital. 6 Rooms, 2 full Baths, 3 parking and a separate entrance. Total Lot size 4,897.57 ft(0.112 ac). TWO UNITS, separate entrance and two electric meters. Always fully rented due to excellent location. Approx more than $100K in renovations from 2015 to today. The MAIN LEVEL: renovated 2015 living/dining room floor with cozy electric fireplace, 3 bedrooms, a full bathroom and open concept kitchen, patio door, deck, and own washer/dryer. The SECOND UNIT has 3 bedrooms, one full bathroom, a kitchen, its own laundry room, and a separate entrance. Fully renovated in 2015, all floors, one big window with a deep window well, deck, fresh paint in 2026, just like a separate in-law suite. Roof 2007 and singles 2024, Gas Furnace 2015, HWT 2015, few Windows 2021-2015, Eavestroughs and downspouts 2015, 2016 SuperSump pump system installed to ensure a dry basement, water guard sub-floor drainage system. Separate Hydro meter installed. Both units are fully rented and getting good income. Perfect for INVESTORS. The buyer can rent both units or live in one and rent the other to help pay the mortgage. The options are endless! Walking distance to General Hospital and CHEO, and 5 min drive to Train Yard shopping centre. Income property with capital growth opportunity. In the desirable and safe community of Riverview Park. See the list attached and the income and expenses provided to investors.

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Contact BrokerHub Inc..

BrokerHub Inc.
(647) 254-1864
TypeDetached
StyleBungalow
Approx. Age51-99
Size1100-1500 sq. ft.
Property Tax$5,406
mls© NumberX13455870
Listed ByROYAL 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%
$4,427
Property tax
$451
Heat allowance
$150
Housing costs
$5,028 / mo

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

Down payment20% · $173,000
25-yr amortization

Income needed

$155,000

gross annual household income

Payment at 4%
$3,640 / mo
Cash down
$173,000

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

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

Values and trends

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