Who’s looking for a profitable property?
This is a 3-bed, 1-bath freehold townhouse priced at $449K in Lower Town where renovated townhouses this size have sold up to $650K and the cheapest active 3-bed listing is around $589K.
The house is 1,182 sqft, in move-in / rentable condition, and near the University of Ottawa, Rideau LRT Station, Rideau Centre, ByWard Market, and direct transit to Carleton University!
How can you profit?
1) Easy Wholetail / Flip – This property is already in livable condition, with newer CapEx such as an updated roof (2022) and windows (<10 years). Buy for $449K, refresh some light cosmetics, present it properly, and relist, or maximize your returns with an additional bathroom and list for $650K!
2) Buy & Hold – Buy this 3-bedroom freehold townhouse in a strong student and transit rental pocket for $449K and rent as-is, or juice your rental returns with an additional bathroom! Estimated rent is $2,900-$3,100/month based on the 3-bedroom layout near University of Ottawa and transit.
3) Move In With Equity – End users get the opportunity to buy this move-in ready townhome $130K below its last MLS price! The cheapest active 3-bedroom listing is around $589K. Buy for $449K, just move in and enjoy the equity, or take advantage of your additional value-add opportunity presented by the unfinished basement!
4) Realtors: Bring Your Clients – Bring your budget-conscious buyers and investors – 2% Co-Op included at $459K.
SUMMARY:
– LOCATION: Ottawa, ON (North of King Edward Ave & Rideau St.)
– PURCHASE PRICE: $459,000 (includes 2%+HST Co-Op)
– DIRECT BUYER DISCOUNT: $449,000 Or Best Offer
– AFTER REPAIR VALUE: $650,000
– CLOSING: August 31, 2026 (This is an assignment sale.)
– TYPE: 2 Storey Freehold townhouse.
– BEDS/BATHS: 3 Beds/1 Bath
– PARKING: Buyer to verify street permit options directly with city
– BASEMENT: Unfinished basement.
– SQFT: 1,182
– LOT: 15′ x 99′
– AGE: 1902
– PROPERTY TAX: $4,442 (2025)
– POSSESSION: Vacant possession
– POTENTIAL RENT: Estimated $2,900-$3,100/month as a 3-bedroom rental
RENOVATIONS NEEDED:
– Move-in as is! Or…
– Paint refresh throughout
– Refresh kitchen with new countertops and backsplash
– Consider adding a bathroom or finishing basement to maximize returns
– Some junk and furniture removal.
– Please view the pictures and videos for ideas on what you’d like to renovate.
GOOD NEWS:
– Freehold ownership, no condo fees
– Strong transit / rental pocket near University of Ottawa, Rideau LRT Station, Rideau Centre, ByWard Market, and direct transit to Carleton University
– Bathroom renovated 2021
– Roof replaced in 2022
– Furnace 2012
– Updated windows throughout (<10 years)
LISTING ID: 0726-OTT-F01
Please let us know if you want to view it or if you want the info package. (Comparable solds, MPAC info, and more…)
Thank you,
Aaron Moore, Josea Dussard, Tobias King & Georgia Godfrey
647-557-5979
www.HouseDealsGTA.ca – Wholesale Properties For Real Estate Investors
PS. PUSH HERE to get immediate access to these discounted deals as soon as they are available.