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Welcome to 844 Norton Ave, a prime investment opportunity nestled in one of Ottawas rapidly developing neighbourhoods. This well-maintained duplex is a rare find, offering a fantastic opportunity for investors and developers alike. The property is comprised of two tenant-occupied units, both boasting excellent tenants who take pride in their spaces. The main level features a spacious 3-bedroom, 1-bathroom unit with plenty of natural light and comfortable living space. The lower level offers a cozy 2-bedroom, 1-bathroom unit, perfect for additional rental income. Generating an annual gross revenue of $42,060, this property serves as a lucrative turn-key investment while you plan your next development. With the surrounding area experiencing significant growth and new developments, this property presents an ideal opportunity to purchase and hold for future gains. Situated on a street that has seen substantial revitalization, this duplex not only offers consistent rental income but also holds incredible potential for future redevelopment. Whether youre looking to expand your real estate portfolio or secure a strategic development site, 844 Norton Ave is the perfect choice.
2 fridge, 2 stove, washer, dryer
City: Ottawa
Neighborhood: Queensway Terrace North
Listing Date | DOM | List Price | Sold Price | Event | MLS ID |
---|---|---|---|---|---|
May 8, 2025 | 6 | $830,000 | N/A | New | X12133398 |
Purchase Price | $830000 |
Down Payment | $166000 |
Mortgage Insurance | $0 |
Total Mortgage | $664000 |
Mortgage Payment | $4092 |
Property Taxes | $381 |
Maintenance Fees | $0 |
Monthly Payment | $4472 |
Sold Comparables homes near 844 Norton Ave, Ottawa
Located at 844 Norton Ave , this Ottawa house is available for sale. This property was listed for $830,000 on Thu May 08 2025. This house's size is 1100-1500 Sqft. It has 3 bedrooms and 2 bathrooms. The property includes the following rooms: Living, Dining, Kitchen, Br, 2nd Br, 3rd Br, Bathroom, Living, Kitchen, Br, 2nd Br, Bathroom, Utility. This property comes with 5 parking spots. 844 Norton Ave, Ottawa is situated in the Queensway Terrace North neighbourhood.
MLS#: X12133393 · $830,000 · 3 bedroom house in Queensway Terrace North, Ottawa