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125 NORICE STREET, Ottawa
2026-06-11
Quick Summary
- Location
- 125 NORICE STREET, Ottawa, Ontario K2G2Y2
- Price
- $898,000
- Status:
- For Sale
- Property Type:
- Single Family
- Area:
- 700 - 1100 sqft
- Bedrooms:
- 3 bed +2
- Bathrooms:
- 2
- Garages:
- 6
MLS®#X13426556
Property Description
We are pleased to present an exceptional investment opportunity featuring strong immediate cash flow and significant future development potential. This updated, well-maintained bungalow includes in-law suite and is situated on a prime 146 ft x 170 ft oversized lot in the desirable Crestview/Meadowlands community. The property generated a gross monthly income of $ 4,000, yielding a net annual income of over $48,000. Key highlights include: the upper level: renovated with three generous bedrooms, a modern open-concept kitchen, a four-piece bathroom, in-unit laundry, gleaming hardwood flooring and LED lighting throughout, and a bright living space. The lower level features in law unit suite with a separate entrance, two bedrooms, a three-piece bath, its own dedicated laundry facility, new laminate flooring, raw marble kitchen counters in the kitchen and bathroom, plus a sleek open-concept layout with high-end finishes. This fabulous home sits on an oversized corner fenced and hedged lot, featuring a large 2-car detached garage, an interlock patio ideal for summer enjoyment and entertaining. Location: Ideally situated within walking distance of Algonquin College, the future LRT station, the shops at College Square and easy access to the 417 Highway. The property is also steps away from convenient bus service, parks, and St. Gregory's Elementary School. Beyond the current rental income, the newly proposed Minor Corridor 2 (CM2) zoning unlocks significant development potential. This may allow for a four-story building with a footprint of over 5,500 sq. ft., potentially providing more than 25,000 sq. ft. of total living space. (Note: All development potential must be verified with the City of Ottawa. This is a rare opportunity to secure a high-yielding asset while positioning for exceptional future returns. Please let me know if you would like to schedule a viewing or if I can provide further details. (id:32467)
Property Features
Building
- Amenities: Fireplace(s)
- Appliances: Dishwasher, Dryer, Garage door opener, Hood Fan, Two stoves, Two Washers, Window Coverings, Two Refrigerators
- Architectural Style: Bungalow
- Basement Development: Finished
- Basement Features: Separate entrance
- Basement Type: N/A (Finished), N/A
- Construction Style: Detached
- Cooling Type: Central air conditioning
- Exterior Finish: Brick
- Fireplace: Yes
- Interior Size: 700 - 1100 sqft
- Building Type: House
- Stories: 1
- Utility Water: Municipal water
Features
- Feature: In-Law Suite
Land
- Land Size: 146 x 170 FT
- Sewer: Sanitary sewer
Ownership
- Type: Freehold
Information entered by ROYAL LEPAGE TEAM REALTY
Listing information last updated on: 2026-06-22 11:55:46
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$500,000
Your One Percent Realty Commission savings†
$500,000
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Savings calculated using One Percent Realty's posted commission rates compared to another agent charging
5% + HST . Not all agents charge the same.
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We charge a total of $7,950 for residential properties under $400,000. For residential properties $400,000-$900,000 we charge $9,950. For residential properties over $900,000 we charge 1% of the sale price plus $950. Plus Applicable taxes, of course. We also offer the flexibility to offer more commission to the buyer's agent, if you want to. It is as simple as that! For commercial properties, farms, or development properties please contact a One Percent agent directly or fill out the market evaluation form on the bottom right of our website pages and a One Percent agent will get back to you to discuss the particulars.
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Sheila Forward-Davis REALTOR®
- Phone:
- (613) 883-8098
- Mobile:
- (613) 883-8098
- Email:
- sheila.forwarddavis@gmail.com
- Support Area:
- Ottawa, Kanata, Manotick
Home is where the heart is... let's find your gem in Ottawa or around the world. Sheila knows ...
Full ProfileSergiu Buhatel Broker
- Phone:
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- Email:
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- Support Area:
- Ottawa, Nepean, Barrhaven, Findlay Creek, Blossom Park, Orleans, Kanata, Riverside South, Cumberland, Rockland, Manotick, Stittstville, Cornwall, Perth
Sergiu has been a licensed Realtor® since 2012 and earned his Broker designation in 2015. He holds ...
Full ProfileRyan Cooper Realtor®
- Phone:
- 613-983-6258
- Email:
- info@nicehomesniceplaces.ca
- Support Area:
- Central Ottawa, Ottawa West, Kanata, Stittsville, Barrhaven, Bell Corners, Nepean, Riverside South, Gloucester, Blackburn Hamlet, Orleans, Rockland
Before entering real estate, Ryan spent much of my professional career working with numbers, contrac ...
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