Home with brick exterior material, street for 844 Norton Ave, Ottawa Ontario K2B 5P6
58 days on Market

844 Norton Ave, Ottawa, Ontario K2B 5P6

Detached
3 + 2
2
~1100-1500 sqft
$•••,•••
$798,000
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$3,990Cashback
Detached
3 + 2
2
~1100-1500 sqft

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Highlights

Property Estimate

Days on market58 days

Estimated valueNot available

Price/Sqft$629/sqft

Monthly cost

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+4

Properties sold*

$823K

Median sold price*

*Based on last 30 days

Description

Welcome to 844 Norton Ave, a prime investment opportunity nestled in one of Ottawas rapidly developing neighbourhoods. This well-maintained duplex is a rare find, offering a fantastic opportunity for investors and developers alike. The property is comprised of two tenant-occupied units, both boasting excellent tenants who take pride in their spaces. The main level features a spacious 3-bedroom, 1-bathroom unit with plenty of natural light and comfortable living space. The lower level offers a cozy 2-bedroom, 1-bathroom unit, perfect for additional rental income. Generating an annual gross revenue of $42,060, this property serves as a lucrative turn-key investment while you plan your next development. With the surrounding area experiencing significant growth and new developments, this property presents an ideal opportunity to purchase and hold for future gains. Situated on a street that has seen substantial revitalization, this duplex not only offers consistent rental income but also holds incredible potential for future redevelopment. Whether youre looking to expand your real estate portfolio or secure a strategic development site, 844 Norton Ave is the perfect choice.


Property Details

Style2-Storey
View-
Age of property51-99
SqFt~1100-1500 SqFt
Lot Size5,000 SqFt(100 x 50)
Parking Spaces5
MLS ®NumberX12133398
Community NameWhitehaven - Queensway Terrace North
Data SourceTRREB
Listing bySLEEPWELL REALTY GROUP LTD

Features

Heating: Forced Air
Cooling: Central Air
Basement: Apartment

Lower Floor

Br

4.46 x 3.58

2nd Br

3.37 x 3.68

Bathroom

1.56 x 2.87

Kitchen

3.82 x 4.17


Features

Lot size: 5,000 SqFt

Parking

Garage spaces -

Garage type -

Total parking spaces 5


Market Data - Whitehaven - Queensway Terrace North

Geo Zone Map ThumbnailWhitehaven - Queensway Terrace North

Balanced Market

View Market Data

Detached house - for the past 30 days

Buyer's market Seller's market

Avg. Days on Market

Past 30 days

32 days

Compared to

2024

18 days

2023

24 days

2022

12 days

New Listings

Past 30 days

3 listings

Compared to

2024

6 listings

2023

8 listings

2022

12 listings

Units sold

Past 30 days

3 units

Compared to

2024

4 units

2023

6 units

2022

6 units

Median Sold Price

Past 30 days

$645,000

Compared to

2024

$823,250

2023

$830,000

2022

$1,014,500


Population and Demographics

Overview

Total population 11145
Average household income $114,255

Age (%)

0 to 19
20%
20 to 34
23%
35 to 49
18%
50 to 64
19%
65 and plus
20%

Household composition (%)

Single family
57%
Single person
35%
Multi person
7%
Multi family
0%

Mother tongue (%)

English
71%
French
9%
Arabic
5%
Others
3%
English and French
2%
Tagalog (Pilipino, Filipino)
2%
Somali
1%
Spanish
1%
Vietnamese
1%

House tenancy (%)

Renters
53%
Owners
47%

What’s nearby?Essentials within 5 km

Local Logic

Transportation Scores

Estimated Budget