32 Melrose Avenue, West Centre Town

$699,900
32 Melrose Avenue

$699,900

Price Change
36d
Duplex2 1/2 Storey

32 Melrose Avenue, West Centre Town

Total Monthly Obligation $3,735

Beds
3
Baths
2
Park
1
Sqft
1100-1500
DOM
36d
Yield
4.7%
Cash on Cash
-5.3%
Cap Rate
3.4%
5Y IRR
11.4%
10Y IRR
11.3%
Property Type-Duplex
MLS® Number-X13799830
Beds-3
Bathrooms-2
Size-1100-1500 sqft
Lot Size-33 × 83.28 ft
Listed on site-Sep 17, 2026
Style-2 1/2 Storey
Building Type-Duplex
Taxes-$6,436.76 (2026)
Parking-1 - None
Basement-Unfinished, Crawl Space
Heating-Forced Air (Gas)
Brokerage-ROYAL LEPAGE TEAM REALTY
Cooling-None
Laundry-No
Fireplace-No
Pool-None
Facing-West
Exterior-Brick
Roof-Asphalt Shingle
Foundation-Concrete
Sewer-Sewer
Possession-TBD
Neighbourhood-4203 - Hintonburg
Title-Residential Freehold

No agent assigned

Located on one of Hintonburg's favourite streets, 32 Melrose is a two-unit property with plenty of potential in a location that continues to be a favourite with both owners and renters.Quiet, one-way Melrose feels nicely tucked away from the action, while still putting you just steps from some of the city's best restaurants, coffee shops, specialty food stores and local favourites.The main floor unit offers one bedroom, a comfortable living space at the front of the home, a full bathroom and a kitchen at the back with laundry. The second unit is spread over two floors, with a bright living room, a small covered balcony overlooking the street, a charming bedroom and a kitchen at the back with access to the rear of the property. Upstairs, the loft adds great flexibility and could work beautifully as a primary bedroom, home office, guest space or studio.The upper unit also has one parking space, and out back there is a sweet shared outdoor area where the current tenants have created and cared for a garden.For someone looking for an owner-occupied opportunity, there is real potential here to renovate, add value over time and enjoy one of Ottawa's most loved neighbourhoods while doing it. Savvy investors will appreciate the R4 zoning on this great street. The property will require fairly significant updating, but with this location, lifestyle and versatility, 32 Melrose is absolutely worth a closer look.

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Closing Costs

Mortgage Amount
$559,920
Land Transfer Taxes$10,473
Legal Fees (Est.)
$
Total cash required for closing$151,953

Total Monthly Obligation

$3,735/mo
Mortgage $2,823
Monthly Loss $2,992
Principal$743
Interest$2,080
Property Tax$536
Home Insurance$125
Variable Costs$250

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

Comparables

Properties near 32 Melrose Avenue

Time

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