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5535 Mitch Owens Road, Ottawa, ON 20 photos

$749,900

Active
5535 Mitch Owens Road, Ottawa, ON· Riverside South/Gloucester Glen
5
Bedrooms
3
Bathrooms
2000-2500
Sq Ft
17
Detached Parking

About this Property

  • 1,2 bedroom $1500 per month, Apt
  • Large detached garage/shed on the property with 60 amp service, potential for storage income
  • 56 acres with plenty of Parking and no rear neighbours

Great Investment Opportunity! Large lot , .56 acres with plenty of Parking and no rear neighbours. Large detached garage/shed on the property with 60 amp service, potential for storage income. Updates include, but are not limited to: Furnace 2019, Drywall Fire Separations, Electrical, Air conditioning 2022, kitchen cabinets Unit # 1, 2019, new flat roofs, 2023, Septic cleaned and water tested regularly. The property has had 3 Apt. units for over 25-30 years. The buyer will need to conduct their own due diligence with the city regarding the property, as a legal non-conforming Triplex, at their own expense. Rental Income Apt. 1,2 bedroom $1500 per month, Apt. 2 1 bedroom, $1400, Apt. 3, 2 Bedroom, $ 1600/mos. Property generates a total of $ 4500/mth. 2 of 3 leases are now m-t-m with the latest tenant on a 1-year lease. Summary of expenses available upon request. Above-grade square footage is an estimate. Enjoy the amenities & lifestyle offerings of lovely Manotick, walking distance to St Mark's High School & George Nelms Sports Park, a short commute to downtown and close to the 416. Don't miss this opportunity! Property and appliances are being sold " as is, where is " condition. SHOWINGS REQUESTS: 48 hours notice for Showings as the property is tenant-occupied.

Listed by ROYAL LEPAGE TEAM REALTY · MLS# X13107692

About Riverside South

New Community · Avg $620K

Riverside South is one of Ottawa's fastest-growing and most modern suburban communities, attracting young families and first-time buyers with its combination of new construction, competitive pricing, and a master-planned community design that prioritizes parks, pathways, and family amenities. Located south of the Rideau River between Manotick and Barrhaven, Riverside South has evolved from farmland into a thriving community of over 15,000 residents in just two decades.

Avg Home Price$620K
Built After2005
Pathway Network25+ km
Drive to Downtown25 min
View Full Riverside South Guide

Features & Details

Property details of 5535 Mitch Owens Road, Ottawa, ON

Property TypeDetached
Style2-Storey
Size2000-2500 sq ft
BasementUnfinished, Partial Basement
Total Parking17

Mortgage Calculator

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%
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Mortgage Payment$3,684/monthly
Principal54%
Interest46%
Principal Amount$599,920
Interest$505,290
Total Payable$1,105,210
Amortization25 years

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

Cash Flow Analysis

Mortgage payment$3,684
Mortgage + Expenses$3,684
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$
$
$
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Monthly Cash Flow-$3,684

* 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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