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Listed 20 days ago

6 Malcolm Place

7302 - Meadowlands/Crestview, Meadowlands - Crestview and Area

$949,900

Detached|Bungalow
4 | 2 | 4
About this home

A great opportunity in an established Nepean neighbourhood, just minutes from Algonquin College, shopping, transit, schools and everyday amenities. Set on a large (117 X 126) corner lot surrounded by mature trees, 6 Malcolm Place offers plenty of possibilities for buyers looking for land in a well-established residential area.The corner configuration, lot size and mature setting make this an especially interesting property for builders, developers or investors, with potential to explore severance into two separate lots or future redevelopment. Close to Woodroffe Avenue and College Square while still surrounded by mature residential streets, this is a location with both convenience and long-term potential.(Any severance or redevelopment potential is subject to City of Ottawa approval, applicable zoning requirements and the buyer completing their own due diligence.) Please book a showing, don't walk the lot without a Realtor.

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Contact BrokerHub Inc..

BrokerHub Inc.
(647) 254-1864
TypeDetached
StyleBungalow
Approx. AgeNot available
Size1500-2000 sq. ft.
Property Tax$7,098
Lot Size126 ft x 117.76 ft
mls© NumberX13667768
Listed ByFIDACITY 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%
$4,862
Property tax
$592
Heat allowance
$150
Housing costs
$5,604 / mo

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

Down payment20% · $189,980
25-yr amortization

Income needed

$172,000

gross annual household income

Payment at 4%
$3,997 / mo
Cash down
$189,980

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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