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3502 - Overbrook/Castle Heights, Overbrook - Castleheights and Area
$699,999
**Welcome to 67 Queen Mary Street in the heart of Overbrook!** This fantastic investment opportunity sits on a large double lot with desirable **R3M zoning** in one of Ottawa's fastest-growing neighbourhoods. Currently configured as **two self-contained rental units**, each unit features its own **private laundry, refrigerator, stove, hood fan, and full bathroom**, making it a true turnkey investment. **Both Unit A and Unit B are currently tenanted at $1,800 per month**, providing excellent rental income. The property has been **updated throughout**, including updated electrical, insulation, flooring, kitchen, bathroom, walls, and a renovated lower-level room. The home still offers plenty of its original charm while providing excellent income potential. Located in an area undergoing significant rejuvenation with new homes, multiplexes, and redevelopment projects, this property offers tremendous future potential while being within walking and biking distance to **Sandy Hill, the University of Ottawa, parks, schools, shopping, and public transit**. **Please allow 24 hours' notice for all showings and offers due to the existing tenants.**
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| Type | Detached |
| Style | 2-Storey |
| Approx. Age | 100+ |
| Size | 1500-2000 sq. ft. |
| Property Tax | $4,891 |
| Lot Size | 50.71 ft x 85 ft |
| mls© Number | X13582936 |
| 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%
- $3,583
- Property tax
- $408
- Heat allowance
- $150
- Housing costs
- $4,140 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$127,000
gross annual household income
- Payment at 4%
- $2,946 / mo
- Cash down
- $140,000
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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