234 Columbus Avenue, Overbrook - Castleheights and Area

$689,900
234 Columbus Avenue

$689,900

New
24d
DetachedBungalow

234 Columbus Avenue, Overbrook - Castleheights and Area

Total Monthly Obligation $3,599

Beds
4
Baths
2
Park
5
Sqft
1100-1500
DOM
24d
Score
23
Yield
6.2%
Cash on Cash
1.9%
Cap Rate
5.0%
5Y IRR
17.1%
10Y IRR
15.8%
Property Type-Detached
MLS® Number-X13840838
Beds-4
Bathrooms-2
Size-1100-1500 sqft
Lot Size-50 × 104 ft
Listed on site-Sep 29, 2026
Style-Bungalow
Building Type-Detached
Taxes-$5,291.97 (2026)
Parking-7 - Detached
Basement-Full, Finished
Heating-Forced Air (Gas)
Brokerage-RE/MAX HALLMARK REALTY GROUP
Cooling-Central Air
Laundry-No
Fireplace-Living Room, Wood, Rec Room
Pool-None
Facing-South
Exterior-Brick, Stone
Roof-Asphalt Shingle
Foundation-Poured Concrete
Sewer-Sewer
Possession-To Be Arranged
Neighbourhood-3502 - Overbrook/Castle Heights
Title-Residential Freehold

No agent assigned

Welcome to this bright 3+1 bedroom bungalow on a quiet street in the desirable Overbrook neighbourhood, an established area experiencing ongoing redevelopment and strong growth. Step inside through the separate foyer into the living and dining area featuring hardwood flooring, a brick-faced wood-burning fireplace, and a large bay window. The functional kitchen offers a double sink overlooking the side yard, ample cabinetry and space for a small eat-in table. Just off the kitchen, a convenient entry area provides access to both the bright sunroom and lower level. Surrounded by windows, the sunroom offers a wonderful space to enjoy the outdoors, with a door providing direct access to the laneway - convenient for bringing groceries in from the car. The main floor features three bedrooms, all with hardwood flooring, along with a full bathroom. The finished lower level provides additional living space, featuring a generous family room/recreation area with a stone-faced wood-burning fireplace, a wet bar with double sink and semi-sized refrigerator, plus a large electrical connection suitable for a stove. A separate flexible area offers space for a home gym, office, hobby area or recreation space. The lower level also includes a fourth bedroom, full bathroom, utility and storage areas, along with a spacious laundry room featuring a large laundry tub. Outside, enjoy a paved yard and laneway offering plenty of parking, a large detached double garage, storage shed, and mature trees. With minimal grass to maintain, the outdoor space offers plenty of room to enjoy without extensive lawn upkeep. Ideally situated with quick access to downtown Ottawa, the Rideau River, scenic walking and cycling pathways, parks, and green space. Close proximity to the University of Ottawa, St. Laurent Shopping Centre, schools, public transit, and Highway 417 further enhances the appeal of this centrally located property.

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

Closing Costs

Mortgage Amount
$551,920
Land Transfer Taxes$10,273
Legal Fees (Est.)
$
Total cash required for closing$149,753

Total Monthly Obligation

$3,599/mo
Mortgage $2,783
Monthly Loss $2,867
Principal$732
Interest$2,051
Property Tax$441
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
4.1%28
Cash-on-Cash
-3.4%3
5-Year IRR
13.0%58
10-Year IRR
13.0%
Returns Index
30.0/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
23/ 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
$42,456/yr
NOI
$28,418/yr
Net Cash Flow
-$415/mo
Cash Margin
-11.7%0
Cash Flow Index
0.5/ 100
Risk Profile
Weight: 20%
DSCR
0.8517
LTV Ratio
80.0%18
Vacancy Buffer
2.6 mo43
Risk Index
26.0/ 100

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

Comparables

Properties near 234 Columbus Avenue

Time

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