515 Guy Street Ottawa, Ontario K1K 1B8
$850,000
Fantastic turnkey investment opportunity in Castle Heights! This detached home offers two units (in-law suite), both with private entrances and separate laundry. The upper unit is a spacious 3-bedroom, 1.5-bath home featuring hardwood floors, a gas fireplace, a bright bay window, and an eat-in kitchen with under/over-cabinet lighting. It also includes a family room with access to a large deck. Currently rented for $2,624/month(2,689/m Aug 1).The lower unit/in-law suite is a 2-bedroom with its own entrance, full kitchen, bathroom, and in-unit laundry. Minor work could be done to legalize the separation if desired. This unit is currently rented at $1,850/month, increasing to $1,896 in August. The 34'x34' detached garage is a huge value add, with 126 ceilings, triple insulation, a metal roof, 100-amp electrical service, natural gas heating, and running water. Perfect for a workshop, hobbyist or added rental income. The home also features a fully fenced backyard and parking for 6 vehicles in the garage and 6 in the driveway. One garage spot currently rented for 300/m.Combined, the property generates $4,774/month over $55,000/year- 6.7% CAP. If garage fully rented at 1050/m and increased rents considered this could be a 7.9%CAP. Centrally located near Farm Boy, FreshCo, Loblaws, Decathlon, Winners, Montfort Hospital, and the St-Laurent Complex. Easy access to transit, shops, parks, and more. Walk Score 70, Bike Score 70. A smart addition to any portfolio or ideal for live-in landlords. Dont miss it! Annual operating costs: Hydro approx. $2,101, Gas $2,458, Water $1,678, Insurance $3,522. 2024 property taxes: $5,908. (id:19720)
Property Details
| MLS® Number | X12163595 |
| Property Type | Single Family |
| Community Name | 3502 - Overbrook/Castle Heights |
| Equipment Type | Water Heater |
| Features | In-law Suite |
| Parking Space Total | 12 |
| Rental Equipment Type | Water Heater |
Building
| Bathroom Total | 3 |
| Bedrooms Above Ground | 3 |
| Bedrooms Below Ground | 2 |
| Bedrooms Total | 5 |
| Amenities | Separate Heating Controls |
| Appliances | Dishwasher, Dryer, Hood Fan, Two Stoves, Two Washers, Two Refrigerators |
| Basement Development | Finished |
| Basement Type | Full (finished) |
| Construction Style Attachment | Detached |
| Cooling Type | Wall Unit, Ventilation System |
| Exterior Finish | Vinyl Siding |
| Foundation Type | Concrete, Block |
| Half Bath Total | 1 |
| Heating Fuel | Natural Gas |
| Heating Type | Hot Water Radiator Heat |
| Stories Total | 2 |
| Size Interior | 1,500 - 2,000 Ft2 |
| Type | House |
| Utility Water | Municipal Water |
Parking
| Detached Garage | |
| Garage |
Land
| Acreage | No |
| Sewer | Sanitary Sewer |
| Size Depth | 109 Ft |
| Size Frontage | 60 Ft |
| Size Irregular | 60 X 109 Ft |
| Size Total Text | 60 X 109 Ft |
Rooms
| Level | Type | Length | Width | Dimensions |
|---|---|---|---|---|
| Second Level | Primary Bedroom | 4.36 m | 3.35 m | 4.36 m x 3.35 m |
| Second Level | Bedroom 2 | 3.35 m | 3.37 m | 3.35 m x 3.37 m |
| Second Level | Bedroom 3 | 3.5 m | 2.59 m | 3.5 m x 2.59 m |
| Second Level | Bathroom | 2.59 m | 2.43 m | 2.59 m x 2.43 m |
| Lower Level | Living Room | 7.31 m | 3.04 m | 7.31 m x 3.04 m |
| Lower Level | Bathroom | 2.31 m | 1.52 m | 2.31 m x 1.52 m |
| Lower Level | Laundry Room | 1.67 m | 1.52 m | 1.67 m x 1.52 m |
| Lower Level | Bedroom 4 | 5.63 m | 3.35 m | 5.63 m x 3.35 m |
| Lower Level | Bedroom 5 | 5.63 m | 3.35 m | 5.63 m x 3.35 m |
| Lower Level | Kitchen | 4.26 m | 3.35 m | 4.26 m x 3.35 m |
| Main Level | Living Room | 5 m | 3.4 m | 5 m x 3.4 m |
| Main Level | Kitchen | 4.77 m | 3.2 m | 4.77 m x 3.2 m |
| Main Level | Dining Room | 2.74 m | 2.43 m | 2.74 m x 2.43 m |
| Main Level | Family Room | 7.62 m | 6.09 m | 7.62 m x 6.09 m |
| Main Level | Bathroom | 1.82 m | 1.06 m | 1.82 m x 1.06 m |
https://www.realtor.ca/real-estate/28345702/515-guy-street-ottawa-3502-overbrookcastle-heights
Contact Us
Contact us for more information
Reed Allen
Salesperson
www.newpurveyors.com/
344 O'connor Street
Ottawa, Ontario K2P 1W1
(613) 563-1155
(613) 563-8710
Matt Richling
Salesperson
www.newpurveyors.com/
344 O'connor Street
Ottawa, Ontario K2P 1W1
(613) 563-1155
(613) 563-8710
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May 23 2025 01:54:14
Ottawa Real Estate Board
RE/MAX Hallmark Realty Group