For sale
House

515 Guy Street

$850,000
Ottawa, Ontario, K1K 1B8

Overview

  • Updated On:
  • May 23 2025
  • MLS® Number
  • X12163595
  • 5 Bedrooms
  • 3 Bathrooms

Description

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:57887)

Price:
Price Info:
Property Type: Single Family
Building Type: House
Storeys: 2
Neighbourhood: Rideau-Rockcliffe
Title: Freehold
Parking Type: Detached Garage, Garage
Amenities
Separate Heating Controls
Appliances
Dishwasher
Dryer
Hood Fan
Two stoves
Two Washers
Two Refrigerators
Cooling & Heating
Natural gas
Hot water radiator heat
Wall unit, Ventilation system
ExteriorFinish
Vinyl siding
$ 4,358.12
per month
  • Principal and Interest
  • Property Tax
  • HOA fee
$ 3,295.62
Bedroom
BedroomsAboveGround: 3
BedroomsBelowGround: 2
BedroomsTotal: 5
Bathroom
BathroomTotal: 3
HalfBathTotal: 1
Basement
BasementDevelopment: Finished
BasementType: Full (Finished)
Size
SizeInterior: 1500 - 2000 sqft
Construction
ConstructionStyleAttachment: Detached
FoundationType: Concrete, Block
Utility
UtilityWater: Municipal water
Acreage: No
Sewer: Sanitary Sewer
SizeDepth: 109 Ft
SizeFrontage: 60 Ft
SizeIrregular: 60 X 109 Ft
SizeTotalText: 60 X 109 Ft
Second level
Type Dimensions
Primary Bedroom 4.36 m x 3.35 m
Bedroom 2 3.35 m x 3.37 m
Bedroom 3 3.5 m x 2.59 m
Bathroom 2.59 m x 2.43 m
Lower level
Type Dimensions
Living Room 7.31 m x 3.04 m
Bathroom 2.31 m x 1.52 m
Laundry Room 1.67 m x 1.52 m
Bedroom 4 5.63 m x 3.35 m
Bedroom 5 5.63 m x 3.35 m
Kitchen 4.26 m x 3.35 m
Main level
Type Dimensions
Living Room 5 m x 3.4 m
Kitchen 4.77 m x 3.2 m
Dining Room 2.74 m x 2.43 m
Family Room 7.62 m x 6.09 m
Bathroom 1.82 m x 1.06 m
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