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Listed 2 months ago

2511 Junction Avenue

4602 - Heron Park, Billings Bridge - Riverside Park and Area

$649,000

Detached|1 1/2 Storey
4 | 2 | 5
About this home

Welcome to 2511 Junction Avenue-an increasingly rare offering combining a spacious family home with significant redevelopment potential in one of Ottawa's most central and connected neighbourhoods. Situated on a large corner lot and zoned R3A, this property presents an outstanding opportunity for homeowners, investors, and developers alike. The existing 3+1 bedroom home is solid and well-proportioned. Set across from beautiful treed city land, the home enjoys a peaceful and private setting rarely found in such a central location. From a lifestyle perspective, this location is hard to beat-just minutes to Carleton University, Billings Bridge Shopping Centre, Mooney's Bay Park, and Hog's Back Falls, with quick access to downtown via the Airport Parkway. The nearby O-Train further enhances convenience and long-term value. For those looking beyond the existing home, the R3A zoning opens the door to a variety of infill possibilities, including low-rise multi-unit development (buyer to verify). The prominent corner lot adds flexibility and design potential, making this a strategic acquisition in an area seeing continued intensification. Whether you're looking to move in, rent out, or redevelop, this property offers location, lot, and long-term upside-a combination that's becoming increasingly hard to find.

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Contact BrokerHub Inc..

BrokerHub Inc.
(647) 254-1864
TypeDetached
Style1 1/2 Storey
Approx. AgeNot available
Size1100-1500 sq. ft.
Property Tax$4,675
Lot Size50 ft x 100 ft
mls© NumberX13491564
Listed ByEXP 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%
$3,322
Property tax
$390
Heat allowance
$150
Housing costs
$3,861 / mo

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

Down payment20% · $129,800
25-yr amortization

Income needed

$119,000

gross annual household income

Payment at 4%
$2,731 / mo
Cash down
$129,800

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

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

Values and trends

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