1956 Othello Avenue, Elmvale Acres and Area

$619,900
1956 Othello Avenue

$619,900

New
9d
Detached1 1/2 Storey

1956 Othello Avenue, Elmvale Acres and Area

Total Monthly Obligation $3,249

Beds
3
Baths
1
Park
3
Sqft
1100-1500
DOM
9d
Score
24
Yield
6.4%
Cash on Cash
3.2%
Cap Rate
5.3%
5Y IRR
18.1%
10Y IRR
16.7%
Property Type-Detached
MLS® Number-X14032106
Beds-3
Bathrooms-1
Size-1100-1500 sqft
Lot Size-50 × 100.01 ft
Listed on site-Oct 14, 2026
Style-1 1/2 Storey
Building Type-Detached
Taxes-$4,477.8 (2026)
Parking-4 - Detached
Basement-Partially Finished
Heating-Forced Air (Gas)
Brokerage-INNOVATION REALTY LTD.
Cooling-None
Laundry-No
Fireplace-No
Pool-None
Facing-West
Exterior-Brick
Roof-Asphalt Shingle
Foundation-Concrete
Sewer-Sewer
Possession-Immediate/TBA
Neighbourhood-3703 - Elmvale Acres/Urbandale
Title-Residential Freehold

No agent assigned

Single Home in Prime Location for $619,900! Welcome to 1956 Othello Avenue. This solid all-brick 1 1/2 storey 3-bedroom home offers exceptional value in sought-after Elmvale Acres, where renovated homes can sell for $700k+. Located on a quiet street, it features classic hardwood floors, large Living room/Dining room, a large eat-in kitchen, a partially finished basement for extra living space, a detached garage, a deep 3-car driveway, and a large yard. Major Updates Done: New roof on both the house and garage (2026) and fresh interior paint throughout (2026). Prime Location: Minutes to The Ottawa General Hospital, CHEO, community centres, parks, transit, schools, Elmvale Acres Plaza (groceries, transit, banking, hardware, library, and restaurants), and the highway. Priced-well to allow you to bring your own creative, modern cosmetic touches and build equity. Why pay condo fees when you can own a single home with a garage on a premium 50 x 100 ft lot? Easy to show.

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

Closing Costs

Mortgage Amount
$495,920
Land Transfer Taxes$8,873
Legal Fees (Est.)
$
Total cash required for closing$134,353

Total Monthly Obligation

$3,249/mo
Mortgage $2,501
Monthly Loss $2,591
Principal$658
Interest$1,843
Property Tax$373
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
4.3%30
Cash-on-Cash
-2.4%4
5-Year IRR
13.8%63
10-Year IRR
13.6%
Returns Index
33.0/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
24/ 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
$39,792/yr
NOI
$26,835/yr
Net Cash Flow
-$264/mo
Cash Margin
-8.0%1
Cash Flow Index
1.0/ 100
Risk Profile
Weight: 20%
DSCR
0.8919
LTV Ratio
80.0%18
Vacancy Buffer
2.9 mo49
Risk Index
28.7/ 100

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

Comparables

Properties near 1956 Othello 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.

Data is provided courtesy of PropTx.

The information provided herein must only be used by consumers who have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial or other purpose.

Listing information is deemed reliable but not guaranteed accurate by PropTx or TRREB.

REALTOR®, REALTORS®, and the REALTOR® logo are certification marks owned by REALTOR® Canada Inc. and licensed exclusively to the Canadian Real Estate Association (CREA).

The MLS® trademark and MLS® logo are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.

Data last updated within the past 24 hours.