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$ 795,000
Est. payment | /mo
3 Beds
2 Baths
$ 795,000
Est. payment | /mo
3 Beds
2 Baths
Key Details
Property Type Single Family Home, freehold, residential
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Approx. Sqft 700-1100
Subdivision 7302 - Meadowlands/Crestview
MLS Listing ID X13674054
Style Bungalow
Bedrooms 3
Annual Tax Amount $4,761
Tax Year 2025
Property Sub-Type Detached
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.
Location
Province ON
County Ottawa
Area Ottawa
Rooms
Family Room Yes
Basement Full, Finished
Kitchen 2
Separate Den/Office 2
Interior
Interior Features None
Cooling Central Air
Fireplaces Type Wood
Fireplace Yes
Heat Source Gas
Exterior
Garage Spaces 2.0
Pool None
Waterfront Description None
Roof Type Asphalt Shingle
Lot Frontage 146.0
Lot Depth 170.0
Total Parking Spaces 6
Building
Foundation Concrete
Others
ParcelsYN No
Listed by GRAPE VINE REALTY INC.