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3703 - Elmvale Acres/Urbandale, Elmvale Acres and Area
$625,000
Welcome to 1960 Othello Avenue, a fantastic opportunity in the sought-after and centrally-located community of Elmvale Acres. This well-maintained bungalow sits on a spacious 53' x 100' lot and offers over 1,000 sq. ft. of main floor living space with a functional and versatile layout. Originally designed as a 3-bedroom home, the floorplan, featuring hardwood throughout, provides flexibility for families, downsizers, or investors alike. A convenient side entrance opens the door to future potential for an in-law suite or legal secondary dwelling - an excellent opportunity for multigenerational living or added rental income. Recent updates add both style and peace of mind, including all windows and the patio door replaced in 2023, along with a thoughtfully and tastefully upgraded kitchen completed in 2025. Step outside and enjoy the private backyard-perfect for summer barbecues, outdoor dining, or simply unwinding in your own green space. Perfectly positioned directly across the street from the Elmvale Acres Shopping Centre, you'll enjoy immediate access to groceries, shops, dining, transit, and everyday essentials. Plus, you're just minutes from Train Yards shopping and a quick commute to downtown, making this location as convenient as it is connected. Whether you're looking to move in, renovate, or invest, this property offers exceptional value in a prime location.
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| Type | Detached |
| Style | Bungalow |
| Approx. Age | Not available |
| Size | 700-1100 sq. ft. |
| Property Tax | $4,463 |
| Lot Size | 53 ft x 100.01 ft |
| mls© Number | X13518404 |
| Listed By | ROYAL LEPAGE PERFORMANCE 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%
- $3,199
- Property tax
- $372
- Heat allowance
- $150
- Housing costs
- $3,721 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$114,000
gross annual household income
- Payment at 4%
- $2,630 / mo
- Cash down
- $125,000
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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