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.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:43934)

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