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$640,000

Active
231 ETHEL Street, Ottawa, ON· Vanier
2
Bedrooms
2
Bathrooms
1500-2000
Sq Ft
$320–$427
Per Sq Ft
2
None Parking

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About this Property

Excellent redevelopment opportunity in a desirable, well-located Ottawa neighbourhood. Zoned R4E, this property offers flexibility for a variety of residential uses, subject to buyer due diligence and municipal approvals.The home has been converted into a bi-generational residence, offering a functional layout suitable for multi-generational living. It features a total of two bedrooms, with one bedroom on the main level and one bedroom on the second floor.The main level includes one bedroom, kitchen, living room, dining area, and a full washroom equipped with a jet tub.The second floor, which has been fully renovated, offers one bedroom, a family room, dining area, kitchen, laundry/office, and a full washroom, also equipped with a jet tub.A sliding door separating the main and second levels provides full privacy, supporting the home's bi-generational configuration.All major components are owned outright, including the hot water tank, with no rental contracts in place. With its strong location and flexible zoning, this property presents a solid opportunity for future redevelopment, subject to buyer verification. Buyers are advised to confirm zoning, permitted uses, and development potential to their own satisfaction.

Listed by POWER MARKETING REAL ESTATE INC. · MLS# X12838572

About Vanier

Urban Revitalizing · Avg $500K

Vanier is a compact urban neighbourhood located just east of the Rideau River from downtown Ottawa, undergoing a significant revitalization that has caught the attention of savvy buyers, investors, and first-time homeowners looking for affordable central living with strong appreciation potential. Once a separate francophone municipality before amalgamation, Vanier retains a distinctive French-Canadian cultural identity while embracing the multicultural diversity that has become one of its defining characteristics.

Avg Home Price$500K
Walk Score80
To ByWard Market10 min
Drive to Downtown8 min
View Full Vanier Guide

Features & Details

Property details of 231 ETHEL Street, Ottawa, ON

Property TypeDetached
Style2-Storey
Size1500-2000 sq ft
BasementFull, Unfinished
Total Parking2

Location

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Mortgage Calculator

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%
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Mortgage Payment$3,144/monthly
Principal54%
Interest46%
Principal Amount$512,000
Interest$431,238
Total Payable$943,238
Amortization25 years

* Estimate only. Consult a mortgage broker for accurate figures.

Cash Flow Analysis

Mortgage payment$3,144
Mortgage + Expenses$3,144
$
$
$
$
$
Monthly Cash Flow-$3,144

* Estimate only. Consult a mortgage broker for accurate figures.

5.0 · 70+ Google reviews
+1 (613) 804-9117ak@realtorakash.ca
Akash Sharma

Akash Sharma

REALTOR® · Ali Realty Group Inc.

Ottawa's trusted real estate partner with 170+ successful transactions and $30M+ in sales.

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