Hawthorne Meadows · K1G 1B6
$1,150,880
$1,046 / sq ft5 months on market
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Exceptional income-producing asset with huge future development potential! Very Large, 153x67 ft corner lot (with access from two sides) in the prime location on St. Laurent Blvd. Fully tenanted (10 bedrooms 3.5 bathrooms) property, producing $91,872/year ($7,975/monthly). An excellent cash flowing asset with a $62,900 yearly Net operating income, High-demand rental area. You can decide whether you want to keep it operating as an existing rental, or redevelop in the future. The New Zoning for the property is CM2, allowing high density development up to 20 m height. Ideally located and close to CHEO, Ottawa General Hospital, transit, shopping, and more. (The New Zoning in force is anticipated Sept 2026). Buy this property today and benefit from the up zoning in the nearest future. Buyers to verify zoning/permitted uses.
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What this home costs beyond the asking price, and how that price compares to what else is on the market.
This home is priced above most comparable listings — about 100% of comparable detached listings in Elmvale Acres and Area are asking less.
Based on 20 comparable active detached listings in Elmvale Acres and Area. These are asking prices, not sale prices.
Estimate only. Excludes CMHC insurance premiums, which apply below 20% down, and does not constitute a mortgage approval or an offer of credit.
Payable on closing, on top of the purchase price.
An estimate on the asking price of $1,150,880. Rates current as of September 2026; confirm the final figure with your real estate lawyer.
Listing courtesy of ROYAL LEPAGE INTEGRITY REALTY. Listing data is provided in part by the Toronto Regional Real Estate Board (TRREB) and is deemed reliable but is not guaranteed accurate. Information is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties. Data is updated every 15 minutes.