109 Lees Avenue, Glebe - Ottawa East and Area

$899,900
109 Lees Avenue

$899,900

New
29d
Detached2-Storey

109 Lees Avenue, Glebe - Ottawa East and Area

Total Monthly Obligation $4,650

Beds
4
Baths
3
Park
2
Sqft
1500-2000
DOM
29d
Score
20
Yield
5.4%
Cash on Cash
-1.5%
Cap Rate
4.3%
5Y IRR
14.4%
10Y IRR
13.6%
Property Type-Detached
MLS® Number-X13823112
Beds-4
Bathrooms-3
Size-1500-2000 sqft
Lot Size-33 × 99 ft
Listed on site-Sep 24, 2026
Style-2-Storey
Building Type-Detached
Taxes-$7,735 (2026)
Parking-2 - None
Basement-Partially Finished, Full
Heating-Forced Air (Gas)
Brokerage-RE/MAX HALLMARK REALTY GROUP
Cooling-Central Air, Other
Laundry-No
Fireplace-No
Pool-None
Facing-North
Exterior-Brick
Roof-Asphalt Shingle
Foundation-Stone
Sewer-Sewer
Possession-Flexible
Neighbourhood-4407 - Ottawa East
Title-Residential Freehold

No agent assigned

This stunning, brick century home offers modern updates coupled with heritage charm, including: A chef's kitchen with stainless steel appliances, bar seating and plenty of prep space; a charming, formal living and dining rooms as well as a bonus family room leading out to the back yard; a finished basement suite that could be used for guest or in-law accommodation; a beautiful, fully fenced back yard with two decks, patio and adorable garden shed with ample storage; a second level with two large bedrooms, as well as a third smaller bedroom - perfect for a child's room or cozy work space with attached sun porch - and a beautifully renovated bathroom. This home has been well cared for and maintained, with many important updates already taken care of for a new owner to simply move in and enjoy. Conveniently located in Old Ottawa East, truly a hidden gem in Ottawa, once you experience all that living here has to offer, you will never consider another neighbourhood! Literally steps from the Rideau River, enjoy a peaceful paddle immersed in nature in the middle of the city, or head the other direction and in moments you are at the historic Rideau Cannal, with its endless bike / walking trails connecting you to all of Ottawas favourite neighbourhoods, not to mention the numerous parks and green spaces surrounding them - dog owners will fall in love with the beautiful walking routes this area has to offer! Looking for amenities? These too are literally at your door step - enjoy multiple boutique grocery stores and farmers market along Main Street (with Loblaws and the LCBO just across the Pretoria Bridge), grab a morning coffee and pastry from Happy Goat and Tartelette or head out to dinner at some of Ottawa's most acclaimed restaurants, like Sula Wok, the Green Door, and J Fuse. With easy access to the Lees LRT station and 417, heading anywhere in the city is a breeze.

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%
%
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$
$
(utilities, internet...)
$
%
%

Closing Costs

Mortgage Amount
$719,920
Land Transfer Taxes$14,473
Legal Fees (Est.)
$
Total cash required for closing$195,953

Total Monthly Obligation

$4,650/mo
Mortgage $3,630
Monthly Loss $3,694
Principal$955
Interest$2,675
Property Tax$645
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
3.5%23
Cash-on-Cash
-6.0%2
5-Year IRR
10.9%42
10-Year IRR
11.3%
Returns Index
21.9/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
20/ 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
$48,996/yr
NOI
$31,861/yr
Net Cash Flow
-$975/mo
Cash Margin
-23.9%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.7311
LTV Ratio
80.0%18
Vacancy Buffer
2.1 mo32
Risk Index
20.5/ 100

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

Comparables

Properties near 109 Lees Avenue

Time

Comparables are calculated within a 3km radius based on properties sold or leased within the past 6 months. This helps you understand the current market value and potential rental yield with high precision.

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Data last updated within the past 24 hours.