Unknown for 1007 Blair Rd, Ottawa Ontario K1J 7M9
139 days on Market

1007 Blair Rd, Ottawa, Ontario K1J 7M9

Detached
4
2
- sqft
$1,199,900
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$6,000Cashback
Detached
4
2
- sqft

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Highlights

Property Estimate

Days on market139 days

Estimated valueNot available

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Description

Discover a rare investment opportunity with this versatile property, currently generating steady rental income while offering significant potential for future development. Situated in a desirable location, this property is already a lucrative rental, bringing in $4,000 per month, ensuring immediate cash flow for investors. However, the true value lies in its untapped potentialthe lot extends an additional 50 feet beyond the existing fence, presenting a unique opportunity for expansion or redevelopment.The current structure is a well-maintained rental property, appealing to long-term tenants and providing a reliable income stream. With its spacious layout and modern amenities, it attracts high-quality tenants, making it a low-maintenance investment for those looking for passive income. The propertys location is ideal, close to essential amenities, schools, transportation hubs, and thriving commercial areas, ensuring consistent demand in the rental market.What sets this property apart is its development potential. The additional 50 feet of land beyond the fence opens the door to a variety of possibilities. Whether youre considering expanding the existing structure, building additional units, or creating a mixed-use development, this property offers the flexibility to maximize your investment. The area is ripe for growth, with increasing demand for housing and commercial spaces, making it an ideal time to capitalize on this opportunity.For investors looking to diversify their portfolio, this property offers the best of both worlds: immediate rental income and long-term appreciation through development. Whether youre a seasoned developer or a first-time investor, this property is a standout opportunity to build equity and generate substantial returns. Dont miss out on this chance to own a property with proven income potential and exciting future prospects. Schedule a viewing today and explore the possibilities!


Property Details

StyleBungalow
View-
Age of property-
SqFt-
Lot Size15,778 SqFt(262.98 x 60)
Parking Spaces12
MLS ®NumberX11974621
Community NameBeacon Hill South - Cardinal Heights
Data SourceTRREB
Listing byENGEL & VOLKERS OTTAWA

Features

Heating: Forced Air
Cooling: Central Air
Fireplace
Basement: Finished

Features

Lot size: 15,778 SqFt

Parking

Garage spaces 2

Garage type Detached

Other parking spaces 10

Total parking spaces 12


Property History

Feb 16, 2025
ListedActive
$1,199,900
139 days on market
history photo preview15
Listing by trreb®

Market Data - Beacon Hill South - Cardinal Heights

Geo Zone Map ThumbnailBeacon Hill South - Cardinal Heights

Strong Seller's Market

View Market Data

Detached house - for the past 30 days

Buyer's market Seller's market

Avg. Days on Market

Past 30 days

11 days

Compared to

2024

0 day

2023

16 days

2022

21 days

New Listings

Past 30 days

6 listings

Compared to

2024

6 listings

2023

7 listings

2022

6 listings

Units sold

Past 30 days

5 units

Compared to

2024

0 unit

2023

2 units

2022

5 units

Median Sold Price

Past 30 days

$650,000

Compared to

2023

$782,000

2022

$735,000


Population and Demographics

Overview

Total population 6368
Average household income $119,434

Age (%)

0 to 19
21%
20 to 34
19%
35 to 49
19%
50 to 64
19%
65 and plus
22%

Household composition (%)

Single family
60%
Single person
33%
Multi person
6%
Multi family
0%

Mother tongue (%)

English
53%
French
28%
Arabic
5%
English and French
3%
Others
2%
Spanish
2%
Tagalog (Pilipino, Filipino)
1%
Haitian Creole
1%
French and non-official language(s)
1%

House tenancy (%)

Owners
70%
Renters
30%

What’s nearby?Essentials within 5 km

Local Logic

Transportation Scores

Estimated Budget