598 Queen Elizabeth Drive, Glebe - Ottawa East and Area

$1,898,000
598 Queen Elizabeth Drive

$1,898,000

New
25d
Detached3-Storey

598 Queen Elizabeth Drive, Glebe - Ottawa East and Area

Total Monthly Obligation $9,132

Beds
4
Baths
4
Park
2
Sqft
2000-2500
DOM
25d
Score
14
Yield
3.3%
Cash on Cash
-10.0%
Cap Rate
2.4%
5Y IRR
7.7%
10Y IRR
8.5%
Property Type-Detached
MLS® Number-X13836600
Beds-4
Bathrooms-4
Size-2000-2500 sqft
Lot Size-47 × 100 ft
Listed on site-Sep 28, 2026
Style-3-Storey
Building Type-Detached
Taxes-$13,212.92 (2026)
Parking-2 - None
Basement-Crawl Space, Finished, Partial Basement
Heating-Forced Air (Gas)
Brokerage-MARILYN WILSON DREAM PROPERTIES INC.
Cooling-Central Air
Laundry-No
Fireplace-Living Room, Wood
Pool-None
Facing-North
Exterior-Stucco (Plaster)
Roof-Asphalt Shingle, Flat
Foundation-Poured Concrete, Stone
Sewer-Sewer
Possession-Immediate
Neighbourhood-4401 - Glebe
Title-Residential Freehold

No agent assigned

This beautiful home enjoys a rare position overlooking the Rideau Canal, with wonderful views and lots of natural light throughout. The front garden is framed by beautiful crab-apple trees, while rear laneway access provides convenient parking. A welcoming vestibule with coat closets opens to the gracious living room, featuring hardwood floors, elegant moldings, a fireplace and a bay window with beautiful views of the Canal. Double French doors lead to the family room, where another Canal-facing bay window incorporates built-in banquette seating - an ideal place to read or enjoy the view. The kitchen features granite countertops, stainless steel appliances and a centre island. An adjoining breakfast room opens directly to the fenced, low-maintenance backyard, with both terraced and green space. A spacious dining room and powder room complete the main floor. The second level offers two generous bedrooms and a full bathroom, while the entire third floor is devoted to the primary suite, with Canal views and a private ensuite bathroom. The basement provides excellent additional living space with a large family room, bedroom with ensuite bathroom, dedicated laundry room and plenty of storage. With its fabulous Canal setting, beautiful natural light and inviting living spaces, this is a wonderful family home in one of Ottawa's most walkable and desirable locations.

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

Closing Costs

Mortgage Amount
$1,518,400
Land Transfer Taxes$34,435
Legal Fees (Est.)
$
Total cash required for closing$415,535

Total Monthly Obligation

$9,132/mo
Mortgage $7,656
Monthly Loss $7,117
Principal$2,015
Interest$5,641
Property Tax$1,101
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
2.0%12
Cash-on-Cash
-13.0%0
5-Year IRR
5.4%12
10-Year IRR
7.0%
Returns Index
7.3/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
14/ 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
$62,628/yr
NOI
$38,652/yr
Net Cash Flow
-$4,435/mo
Cash Margin
-85.0%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.423
LTV Ratio
80.0%18
Vacancy Buffer
1.1 mo18
Risk Index
13.1/ 100

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

Comparables

Properties near 598 Queen Elizabeth Drive

Time

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