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$795,000

Est. payment - /mo

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5 Beds

2 Baths

700 SqFt

Open Sun 2PM-4PM

125 NORICE STREET Ottawa, ON K2G2Y2

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REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

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Peter Twolan

peter@petertwolan.ca +1(613) 668-8422

Open House

Sun Aug 23, 2:00pm - 4:00pm

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Freehold

Listing Status Active

Purchase Type For Sale

Approx. Sqft 700 - 1100

Square Footage 700 sqft

Price per Sqft $1,135

Subdivision 7302 - Meadowlands/Crestview

MLS® Listing ID X13674054

Style Bungalow

Bedrooms 5

Property Sub-Type Freehold

Property Description

Open House Sunday August 23 - 2:00-4:00PM. Welcome to 125 Norice St, a beautifully maintained bungalow set on an oversized lot in a highly convenient central location. This is a rare turnkey opportunity that combines strong rental income, immediate cash flow, and outstanding long-term upside. The main-floor unit is bright, inviting, and thoughtfully designed with an open-concept layout that enhances both space and flow. The modern kitchen offers generous cabinetry and workspace, seamlessly connecting to the spacious living room and adjoining dining area-perfect for everyday living or entertaining. Three well-proportioned bedrooms, a full bathroom, and convenient in-unit laundry complete this level. A solid wooden door provides a clean and secure separation from the lower unit. The fully finished lower-level, Secondary Dwelling Unit (SDU) features its own private entrance and a well-designed open-concept kitchen, dining, and living area. With comfortable bedrooms, a full bathroom, and separate laundry, this unit is fully self-contained and highly functional. Whether used for rental income, extended family living, or personal flexibility, it offers exceptional versatility. This property is already a proven income generator, producing approximately $4,500 per month in total rental income, with $2,500 from the upper unit and $2,000 from the lower unit. In addition, wide driveway, 2-car separate garage, and strong curb appeal. The expansive oversized lot provides abundant outdoor space and also presents exciting potential for future development or expansion, subject to municipal approvals. Whether you're an investor seeking a reliable cash-flowing asset, a homeowner looking to significantly offset your mortgage, or a buyer in need of a flexible multi-generational setup, 125 Norice St delivers on every level. Located close to schools, parks, shopping, public transit, and everyday amenities, this property offers the perfect blend of comfort, convenience, and investment. (id:24570)

Location

Province ON

Rooms

Kitchen 1.0

Extra Room 1 Main level 5.82 m X 3.57 m Living room

Extra Room 2 Main level 2.9 m X 2.44 m Dining room

Extra Room 3 Main level 3.99 m X 3.54 m Kitchen

Extra Room 4 Main level 3.38 m X 3.32 m Primary Bedroom

Extra Room 5 Main level 3.29 m X 2.59 m Bedroom 2

Extra Room 6 Main level 2.62 m X 2.53 m Bedroom 3

Interior

Heating Forced air

Cooling Central air conditioning

Fireplaces Number 1

Exterior

Parking Features Yes

View Y/N No

Attached Garage No

Total Parking Spaces 6

Garage Yes

Private Pool No

Building

Story 1

Sewer Sanitary sewer

Architectural Style Bungalow

Others

Ownership Freehold

Listed by GRAPE VINE REALTY INC.

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Peter Twolan

Broker

+1(613) 668-8422 | peter@petertwolan.ca

125 NORICE STREET Ottawa, ON K2G2Y2

Peter Twolan

Open House

Key Details

Location

Rooms

Interior

Exterior

Building

Others

GET MORE INFORMATION

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125 NORICE STREET