91 Palsen Street, Meadowlands - Crestview and Area

$949,000
91 Palsen Street

$949,000

New
51d
DetachedBungalow

91 Palsen Street, Meadowlands - Crestview and Area

Total Monthly Obligation $4,688

Beds
3
Baths
1
Park
4
Sqft
1100-1500
DOM
51d
Score
16
Yield
3.8%
Cash on Cash
-7.9%
Cap Rate
2.9%
5Y IRR
9.4%
10Y IRR
9.8%
Property Type-Detached
MLS® Number-X13735610
Beds-3
Bathrooms-1
Size-1100-1500 sqft
Lot Size-105 × 146 ft
Listed on site-Sep 2, 2026
Style-Bungalow
Building Type-Detached
Taxes-$5,818.08 (2025)
Parking-4 - None
Basement-Partially Finished
Heating-Forced Air (Gas)
Brokerage-ENGEL & VOLKERS OTTAWA
Cooling-None
Laundry-No
Fireplace-Yes
Pool-None
Facing-East
Exterior-Aluminum Siding
Roof-Asphalt Shingle
Foundation-Concrete Block
Sewer-Sewer
Possession-To be determined
Neighbourhood-7302 - Meadowlands/Crestview
Title-Residential Freehold

No agent assigned

Welcome to 91 Palsen Street, a rare opportunity to acquire a 105' x 146' property in one of Ottawa's most desirable central neighbourhoods. Nestled on a picturesque, tree-lined street surrounded by some of Crestview's most distinguished homes, this impressive property presents outstanding potential for redevelopment, custom infill, or possible severance, subject to buyer due diligence and City of Ottawa approvals. Perfectly positioned in the established community of Crestview, the property offers the ideal balance of peaceful residential living, and exceptional convenience. Enjoy close proximity to Meadowlands Public School, St. Gregory School, Crestview Park and Pool, Merivale Mall, College Square, Algonquin College, and an extensive selection of shopping, dining, recreation, and everyday amenities. Major transportation routes and transit are also easily accessible.Currently zoned R1FF under City of Ottawa Zoning By-law 2008-250 and N2E under the City's new Zoning By-law 2026-50, this property represents an exceptional opportunity for builders, developers, investors, or those seeking to create a custom residence on an oversized lot in a mature, highly sought-after west-end neighbourhood. Buyers are encouraged to conduct their own due diligence regarding permitted uses, redevelopment potential, severance opportunities, servicing requirements, tree-related restrictions, and all applicable zoning provisions with the City of Ottawa. Please note: An existing survey is not available. The aerial photograph and lot outline are provided for illustrative purposes only, and not to be interpreted as actual property lines.

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%
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(utilities, internet...)
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%
%

Closing Costs

Mortgage Amount
$759,200
Land Transfer Taxes$15,455
Legal Fees (Est.)
$
Total cash required for closing$206,755

Total Monthly Obligation

$4,688/mo
Mortgage $3,828
Monthly Loss $3,681
Principal$1,007
Interest$2,821
Property Tax$485
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
2.3%14
Cash-on-Cash
-11.8%0
5-Year IRR
6.4%16
10-Year IRR
7.8%
Returns Index
9.1/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
16/ 100
Avoid•Pass

Strategy: Buy & Hold — Weights: CFI 35% · RI 25%
RKI 20% · GI 20%

Assumptions & Inputs
$/mo
%
$
yr
%
Cash Flow
Weight: 35%
Gross Rent
$35,856/yr
NOI
$21,952/yr
Net Cash Flow
-$1,999/mo
Cash Margin
-66.9%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.484
LTV Ratio
80.0%18
Vacancy Buffer
2.1 mo32
Risk Index
18.3/ 100

*This analysis is independently generated NOT provided by TREB or CREA.

Comparables

Properties near 91 Palsen Street

Time

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