I don't have enough recent comparable sales to call this one's price, but price reduced $50k. Here's everything I've got on it — ask me anything.
Ottawa · Overbrook/Castle Heights
550 Guy Street
Multiplex
MLS® #X13484064
Listed for$1,799,900$1,849,900↓Price reduced from $1,849,90076 days on market
9 bed 6 bath 5 parking 3500-5000 sq ft~$424/sq ft
Price reduced $50K
76 days on market
Transit stop ~240.2 km
Free · about 10 seconds
Is $1,799,900 a fair price?
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Est. all-in monthly~$9,517/momortgage + property tax + maintenance · 20% down · example rate (compounded semi-annually) — the math on the list price, not a quote or what you can afford. For real rates, Alex can connect you with a mortgage pro.
Source: TRREB sold data via Repliers · all property types
Neighbourhood demographics — Ottawa
1,017,449Population (2021)
40Median age
$102,000Median household income
63.9%Home owners
36.1%Renters
2.5Avg household size
Source: Statistics Canada, 2021 Census
Description & details
Luxury triplex built by Blueprint Construction on an oversized lot rarely offered with expansive 1400sq/ft units on each floor. Additional 3 non-conforming studio apartments in the basement built to code. This turnkey newly built multi-family building produces $97,968 net operating income annually. These expansive units with luxury finishes offer a generous 3-bedroom 2-bathroom apartment, all with ample parking. As the real estate cliche goes , a quality rental attracts a quality tenant. Located just minutes from schools, grocery stores, Shopping Centre, restaurants, and public transit. making this an incredible opportunity for any investor looking for a high-earning property with growth potential. "Ottawa's landmark new zoning by-law will legalize all six existing units on this oversized lot at 550 Guy St (N3B)!"
The data only goes so far — condition, light and layout are worth seeing in person, with a home inspection, before you commit.
Listed by RE/MAX HALLMARK REALTY GROUP. Showings via AskEmma by Alex Goodman, Sales Representative, RE/MAX Your Community Realty, Brokerage.