138 Concord Street S, Glebe - Ottawa East and Area

$450,000
138 Concord Street S

$450,000

Price Change
38d
Semi-Detached 2-Storey

138 Concord Street S, Glebe - Ottawa East and Area

Total Monthly Obligation $2,589

Beds
3
Baths
2
Park
1
Sqft
1100-1500
DOM
38d
Score
69
Yield
10.4%
Cash on Cash
19.2%
Cap Rate
8.7%
5Y IRR
31.3%
10Y IRR
28.2%
Property Type-Semi-Detached
MLS® Number-X13783806
Beds-3
Bathrooms-2
Size-1100-1500 sqft
Lot Size-16 × 56.5 ft
Listed on site-Sep 15, 2026
Style-2-Storey
Building Type-Semi-Detached
Taxes-$4,783.11 (2026)
Parking-1 - None
Basement-Partially Finished
Heating-Forced Air (Gas)
Brokerage-RE/MAX HALLMARK LAFONTAINE REALTY
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Facing-West
Exterior-Brick
Roof-Membrane
Foundation-Stone
Sewer-Sewer
Possession-TBD
Neighbourhood-4407 - Ottawa East
Title-Residential Freehold

No agent assigned

A great opportunity in Old Ottawa East for buyers with vision! This home needs significant exterior work, and the asking price reflects the opportunity for a buyer willing to take on the project. The potential, however, is hard to ignore. Located in one of Ottawa's most walkable neighbourhoods, just steps to Main Street, Springhurst Park, the Rideau River and the Canal, this is a chance to invest in a location that's hard to replicate.Inside, the bright and sunny main level features high ceilings and hardwood floors. The updated kitchen offers ceiling-height cabinetry, quartz countertops, subway tile backsplash, under-cabinet lighting, a wine fridge and stainless steel appliances, including a brand new gas stove. Upstairs, you'll find updated hardwood flooring (2021), an updated bathroom (2012) and a primary bedroom with access to the front balcony. The lower level provides a rec room area, full bathroom and laundry.The roof was updated in 2020, and the furnace and A/C were replaced in 2022. For buyers prepared to tackle the exterior improvements, this property offers the chance to build value in an exceptional location. Bring your vision and explore the possibilities in Old Ottawa East.

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(utilities, internet...)
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%
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Closing Costs

Mortgage Amount
$360,000
Land Transfer Taxes$5,475
Legal Fees (Est.)
$
Total cash required for closing$96,975

Total Monthly Obligation

$2,589/mo
Mortgage $1,815
Monthly Loss $2,111
Principal$478
Interest$1,338
Property Tax$399
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
7.3%66
Cash-on-Cash
11.5%59
5-Year IRR
25.2%98
10-Year IRR
23.3%
Returns Index
76.2/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeB
69/ 100
Fair•Hold / Negotiate

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

Assumptions & Inputs
$/mo
%
$
yr
%
Cash Flow
Weight: 35%
Gross Rent
$46,920/yr
NOI
$32,945/yr
Net Cash Flow
$930/mo
Cash Margin
23.8%85
Cash Flow Index
85.3/ 100
Risk Profile
Weight: 20%
DSCR
1.5174
LTV Ratio
80.0%18
Vacancy Buffer
3.6 mo62
Risk Index
51.3/ 100

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

Comparables

Properties near 138 Concord Street S

Time

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