515 GUY STREET, Ottawa, Ontario

$829,000

5 Beds
3 Baths

Client RemarksFantastic turnkey investment opportunity in Castle Heights! This detached home offers two units (in-law suite), both with private entrances and separate laundry. The upper unit is a spacious 3-bedroom, 1.5-bath home featuring hardwood floors, a gas fireplace, a bright bay window, and an eat-in kitchen with under/over-cabinet lighting. It also includes a family room with access to a large deck. Currently rented for $2,624/month(2,689/m Aug 1).The lower unit/in-law suite is a 2-bedroom with its own entrance, full kitchen, bathroom, and in-unit laundry. Minor work could be done to legalize the separation if desired. This unit is currently rented at $1,850/month, increasing to $1,896 in August. The 34'x34' detached garage is a huge value add, with 126 ceilings, triple insulation, a metal roof, 100-amp electrical service, natural gas heating, and running water. Perfect for a workshop, hobbyist or added rental income. The home also features a fully fenced backyard and parking for 6 vehicles in the garage and 6 in the driveway. One garage spot currently rented for 300/m.Combined, the property generates $4,774/month over $55,000/year- 6.7% CAP. If garage fully rented at 1050/m and increased rents considered this could be a 7.9%CAP. Centrally located near Farm Boy, FreshCo, Loblaws, Decathlon, Winners, Montfort Hospital, and the St-Laurent Complex. Easy access to transit, shops, parks, and more. Walk Score 70, Bike Score 70. A smart addition to any portfolio or ideal for live-in landlords. Don't miss it! Annual operating costs: Hydro approx. $2,101, Gas $2,458, Water $1,678, Insurance $3,522. 2024 property taxes: $5,908. (id:56241)

Listing ID: X12236794
Property Type: Single Family

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Rooms

Level	Type	Dimensions
Primary Bedroom	Second level	4.36 m x 3.35 m
Bedroom 2	Second level	3.35 m x 3.37 m
Bedroom 3	Second level	3.5 m x 2.59 m
Bathroom	Second level	2.59 m x 2.43 m
Living room	Lower level	7.31 m x 3.04 m
Bathroom	Lower level	2.31 m x 1.52 m
Laundry room	Lower level	1.67 m x 1.52 m
Bedroom 4	Lower level	5.63 m x 3.35 m
Bedroom 5	Lower level	5.63 m x 3.35 m
Kitchen	Lower level	4.26 m x 3.35 m
Living room	Main level	5 m x 3.4 m
Kitchen	Main level	4.77 m x 3.2 m
Dining room	Main level	2.74 m x 2.43 m
Family room	Main level	7.62 m x 6.09 m
Bathroom	Main level	1.82 m x 1.06 m

Details

Features: In-Law Suite
Ownership: Freehold
Parking Spaces: 12
Transaction: For sale

Building

Amenities: Separate Heating Controls
Appliances: Dishwasher, Dryer, Hood Fan, Two stoves, Two Washers, Two Refrigerators
BasementType: Full (Finished)
Basement Development: Finished
Bedrooms Main Level: 3
Bedrooms Lower Level: 2
Construction Style Attachment: Detached
Cooling: Wall unit, Ventilation system
Exterior Finish: Vinyl siding
Fireplace Present: False
Foundation: Concrete, Block
Bathrooms (Half): 1
Bathrooms (Total): 3
Heating: Hot water radiator heat
Heating Fuel: Natural gas
Size Interior: 1500 - 2000 sqft
Stories Total: 2
Type: House
Utility Water: Municipal water

Land

Sewer: Sanitary sewer
Size Frontage: 60 ft
Size Irregular: 60 x 109 FT

Listing provided by RE/MAX HALLMARK REALTY GROUP
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This REALTOR.ca listing content is owned and licensed by REALTOR® members of the Canadian Real Estate Association. This property for sale is located at 515 GUY STREET in Ottawa Ontario. It was last modified on June 20th, 2025. Contact us to schedule a viewing or to discover other Ottawa homes for sale.

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