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MLS® X14028688
Elmvale Acres, Ottawa, ON
Exceptional income producing property with strong cash flow and significant future redevelopment potential. Situated on a large 153 ft. x 67 ft. corner lot with access from two sides, this fully tenanted property is ideally located along St. Laurent Boulevard and offers a rare combination of immediate income and long term upside. The property features 10 bedrooms and 3.5 bathrooms and generates approximately $91,872 in annual rental income, with a reported Net Operating Income of approximately $62,900 per year. Located in a high demand rental area close to CHEO, the Ottawa General Hospital, transit, shopping and everyday amenities, the property offers flexibility for investors looking to continue operating it as a strong cash flowing rental while exploring future redevelopment opportunities. The anticipated new zoning is CM2, which is expected to permit higher density development with building heights of up to approximately 20 metres. Whether your strategy is to hold for income, reposition the property, or plan for future redevelopment, this is a compelling opportunity in a well located and evolving area of Ottawa. Buyers are advised to independently verify zoning, permitted uses, development potential and all financial information
Inclusions
9 double beds with mattresses, 1 single bed with mattress, 10 dressers, 10 desks, 10 office chairs, Window Covers, 4 Fridges, Dining table and chairs 2 futons and coffee table, On demand hot water heater, All pictures, floors plans for building.
Exclusions
Tenant Belongings
Broker
ROYAL LEPAGE INTEGRITY REALTY
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Detached
1152 Tawney Road Elmvale Acres, Ottawa
Elmvale Acres and Area
Type
Detached
Basement
Finished, Separate Entrance, Full, Apartment
Parking
Attached (6)
Property Tax
~$5,058/yr
Heating
Forced Air
Buying Essentials
Square Feet
1300 sqft
Facing Direction
South
Parking
Attached (6)
Finances
List Price
$1,100,880
Price per SQFT
$847/sqft
Property Tax
~$5,058/yr
Property Specs
Property Type
Detached
MLS Size
1300 sqft
Basement
Finished, Separate Entrance, Full, Apartment
Living & Amenities
Heating Type
Forced Air
Features
Accessory Apartment · On Demand Water Heater · Water Heater Owned
Policies & Utilities
Neighbourhood
Elmvale Acres and Area
Listed On
Oct 13, 2026
Fenced Yard
Public Transit
Rec./Commun.Centre
School
Days on Market
Current: 25 days
18.5 x 12.2
225 sqft
10.3 x 10.0
102 sqft
16.1 x 8.7
140 sqft
13.2 x 11.3
149 sqft
11.3 x 8.5
96 sqft
9.9 x 9.7
96 sqft
11.1 x 9.9
110 sqft
13.1 x 11.1
145 sqft
12.0 x 7.7
92 sqft
12.0 x 8.0
95 sqft
12.9 x 12.0
154 sqft
14.0 x 11.1
155 sqft
10.2 x 8.4
85 sqft
11.9 x 7.8
92 sqft
Rooms
14
Listed Room Area
1,736 sqft
Source
Estimated from MLS room dimensions
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