2617 Flannery Drive, Billings Bridge - Riverside Park and Area

$695,000
2617 Flannery Drive

$695,000

Price Change
32d
DetachedBungalow

2617 Flannery Drive, Billings Bridge - Riverside Park and Area

Total Monthly Obligation $3,643

Beds
3
Baths
2
Park
2
Sqft
1100-1500
DOM
32d
Score
21
Yield
5.6%
Cash on Cash
-0.6%
Cap Rate
4.5%
5Y IRR
15.1%
10Y IRR
14.2%
Property Type-Detached
MLS® Number-X13811708
Beds-3
Bathrooms-2
Size-1100-1500 sqft
Lot Size-63 × 100 ft
Listed on site-Sep 21, 2026
Style-Bungalow
Building Type-Detached
Taxes-$5,571.83 (2026)
Parking-3 - Attached
Basement-Finished
Heating-Forced Air (Gas)
Brokerage-AVENUE NORTH REALTY INC.
Cooling-Central Air
Laundry-No
Fireplace-Wood
Pool-None
Facing-East
Exterior-Vinyl Siding
Roof-Asphalt Shingle
Foundation-Concrete
Sewer-Sewer
Possession-Flexible
Neighbourhood-4604 - Mooneys Bay/Riverside Park
Title-Residential Freehold

No agent assigned

Welcome to 2617 Flannery Drive, ideally located in the highly desirable Mooney's Bay community! This spacious 3+1 bedroom bungalow is situated on a generous 63 ft x 100 ft landscaped corner lot and offers an abundance of living space and a functional layout for the whole family. The main floor features a spacious living room with a wood-burning fireplace, dining room, kitchen with included stainless steel appliances, and a large family room with plenty of windows and natural light, along with 3 bedrooms and 1.5 bathrooms. The finished basement provides additional living space with laminate flooring, a fourth bedroom and plenty of storage. Outside, enjoy the beautifully landscaped yard and a lovely backyard sitting area with gazebo, creating a comfortable space for relaxing or entertaining. The property also features a single-car garage with workshop, ideal for parking, hobbies, projects and additional storage. Major updates include a roof replaced in 2019 and furnace and central A/C replaced in 2020. Enjoy an exceptional location close to Mooney's Bay Beach, parks, reputable schools and public transit, with convenient access to shopping, amenities and major roadways. A fantastic opportunity to own a spacious home on a generous corner lot in one of Ottawa's most desirable locations.

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(utilities, internet...)
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Closing Costs

Mortgage Amount
$556,000
Land Transfer Taxes$10,375
Legal Fees (Est.)
$
Total cash required for closing$150,875

Total Monthly Obligation

$3,643/mo
Mortgage $2,803
Monthly Loss $2,905
Principal$738
Interest$2,066
Property Tax$464
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
3.6%23
Cash-on-Cash
-5.6%2
5-Year IRR
11.2%44
10-Year IRR
11.6%
Returns Index
23.2/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
21/ 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
$39,240/yr
NOI
$25,244/yr
Net Cash Flow
-$700/mo
Cash Margin
-21.4%0
Cash Flow Index
0.1/ 100
Risk Profile
Weight: 20%
DSCR
0.7512
LTV Ratio
80.0%18
Vacancy Buffer
2.6 mo43
Risk Index
24.3/ 100

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

Comparables

Properties near 2617 Flannery Drive

Time

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Data last updated within the past 24 hours.