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Listed 1 month ago

67-67B N Queen Mary Street

3502 - Overbrook/Castle Heights, Overbrook - Castleheights and Area

$699,999

Detached|2-Storey
3 | 2 | 3
About this home

**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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Contact BrokerHub Inc..

BrokerHub Inc.
(647) 254-1864
TypeDetached
Style2-Storey
Approx. Age100+
Size1500-2000 sq. ft.
Property Tax$4,891
Lot Size50.71 ft x 85 ft
mls© NumberX13582936
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%
$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.

Down payment20% · $140,000
25-yr amortization

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 check

Investment Analysis

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

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