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322-324 Queen Mary Street, Ottawa, ON 28 photos

$825,000

Active
322-324 Queen Mary Street, Ottawa, ON· Overbrook/Castle Heights
14
Bedrooms
2
Bathrooms
1100-1500
Sq Ft
4
None Parking

About this Property

CASH FLOWING legal rooming house on two adjacent, south-fronting lots offered together in one of Ottawa's fastest-growing urban cores. Providing significant holding income while you navigate the site plan process in the case of future development. 14 rooms each rented for $520/month+. Zoning supports high-intensity residential (apartments, stacked towns, or low-rise). Unbeatable location. Maximize your footprint by combining these separate titles or keep them independent for future resale flexibility.

Listed by ROYAL LEPAGE INTEGRITY REALTY · MLS# X12932772

About Vanier

Urban Revitalizing · Avg $500K

Vanier is a compact urban neighbourhood located just east of the Rideau River from downtown Ottawa, undergoing a significant revitalization that has caught the attention of savvy buyers, investors, and first-time homeowners looking for affordable central living with strong appreciation potential. Once a separate francophone municipality before amalgamation, Vanier retains a distinctive French-Canadian cultural identity while embracing the multicultural diversity that has become one of its defining characteristics.

Avg Home Price$500K
Walk Score80
To ByWard Market10 min
Drive to Downtown8 min
View Full Vanier Guide

Features & Details

Property details of 322-324 Queen Mary Street, Ottawa, ON

Property TypeSemi-Detached
Style2-Storey
Size1100-1500 sq ft
BasementFinished
Total Parking4

Mortgage Calculator

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%
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Mortgage Payment$4,053/monthly
Principal54%
Interest46%
Principal Amount$660,000
Interest$555,893
Total Payable$1,215,893
Amortization25 years

* Estimate only. Consult a mortgage broker for accurate figures.

Cash Flow Analysis

Mortgage payment$4,053
Mortgage + Expenses$4,053
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$
$
$
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Monthly Cash Flow-$4,053

* Estimate only. Consult a mortgage broker for accurate figures.

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Akash Sharma

Akash Sharma

REALTOR® · Ali Realty Group Inc.

Ottawa's trusted real estate partner with 170+ successful transactions and $30M+ in sales.

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