For Sale: 125 Norice Street, Ottawa, ON - REW
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$924,900
5 bd • 2 ba • 700 - 1099 sf • House
125 Norice Street
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$924,900
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125 Norice StreetOttawa, ON, K2G 2Y2

Cityview - Crestview - Meadowlands
  • 5 Bed
  • 2 Bath
  • 700 - 1099 Sqft
  • House

About this home

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 a legal secondary unit 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:63626)
Listed by: Tara Graff, Salesperson, ROYAL LEPAGE TEAM REALTY
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Home facts and features

Price details
List Price
$924,900
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Gross Taxes for 2025
$4,761
Home facts
Bedrooms
5
Full Bathrooms
2
Parking Spaces
6
Parking Details
Garage, Covered, Detached Garage
Property Type
House
Depth
170 feet
Frontage
146.0 feet
Title
Freehold
Style
Bungalow
Exterior Finish
Brick
Heating Type
Forced air, Wood
Cooling
Central air conditioning
Basement Details
Finished, Full, Apartment in basement, Separate entrance, , ,
Features
Fireplace(s), Flat site, In-Law Suite, Level, Open space, Wooded area
Appliances
Dishwasher, Dryer, Garage door opener, Garage door opener remote(s), Hood Fan, Two Refrigerators, Two Washers, Two stoves, Window Coverings
Community
Agent details
Primary Agent
Tara Graff
Primary Broker
ROYAL LEPAGE TEAM REALTY
Listing details
Days on REW
11 Days
MLS® Number
X13182534
Source
Canadian Real Estate Association
Board
Ottawa Real Estate Board
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Property Insights

St Gregory Elementary School
  • Catholic
  • JK - 6
Meadowlands Public School
  • Public
  • JK - 6
Sir Guy Carleton Secondary School
  • Public
  • 9 - 12
Manordale Public School
  • Public
  • JK - 6
St Daniel Elementary School
  • Catholic
  • JK - 6
É Élém C Terre-des-Jeunes
  • Catholic
  • JK - 6
Sir Winston Churchill Public School
  • Public
  • JK - 8
Agincourt Road Public School
  • Public
  • JK - 5
Frank Ryan Catholic Intermed School
  • Catholic
  • 7 - 8
St. John XXIII Elementary School
  • Catholic
  • JK - 6
School catchments and distances are intended to be used as reference only. To verify enrolment eligibility for a property, contact the school directly.Report Incorrect Info
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Call Agent
Salesperson
Tara Graff
Phone:
(613) 825-7653
Office:
613-692-3567
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