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Listed 2 months ago

829 Montreal Road

3104 - CFB Rockcliffe and Area, Manor Park - Cardinal Glen and Area

$990,000

Detached|1 1/2 Storey
3 | 2 | 3
About this home

Rare opportunity to own a beautifully renovated home with exceptional future development potential! Pride of ownership is evident throughout this elegant residence, which has been extensively renovated and completely gutted to the studs since 2005. Offering the perfect blend of city convenience and country charm, this unique property provides "city living in the front and country living in the back." The inviting main level features an open-concept layout with a stylish kitchen flowing seamlessly into the dining area and den, creating the perfect space for entertaining and everyday living. A spacious living room showcases a stunning stone electric fireplace, while two generously sized bedrooms and a full bathroom complete the main floor.The upper level offers a versatile third bedroom that could easily serve as a private retreat, guest suite, studio, or additional living space. The fully finished lower level expands the living area with a huge family room, large office, second bathroom, and workshop area. The backyard is framed by mature trees, offering incredible privacy, abundant wildlife, a large deck, and a peaceful setting rarely found within the city. Adding tremendous value is the property's desirable commercial zoning, allowing for a variety of professional and commercial uses(buyer to verify permitted uses). Under the proposed MS2 (Mainstreet Zone 2) framework, this could represent a significant redevelopment opportunity with potential building heights ranging from approximately 30 metres to 90 metres, subject to municipal approvals, zoning provisions, to be verified by the purchaser. A truly rare offering combining an extensively renovated home, exceptional privacy, commercial flexibility, and outstanding long-term redevelopment potential.

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Contact BrokerHub Inc..

BrokerHub Inc.
(647) 254-1864
TypeDetached
Style1 1/2 Storey
Approx. AgeNot available
Size1500-2000 sq. ft.
Property Tax$4,921
Lot Size50 ft x 110 ft
mls© NumberX13489042
Listed ByRE/MAX ABSOLUTE REALTY 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%
$5,067
Property tax
$410
Heat allowance
$150
Housing costs
$5,627 / mo

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

Down payment20% · $198,000
25-yr amortization

Income needed

$173,000

gross annual household income

Payment at 4%
$4,166 / mo
Cash down
$198,000

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

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

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