256 Kent Street, Ottawa Centre, ON
Property Highlights
Welcome to this remarkable 2-Storey duplex located in the coveted neighborhood of 4102 - Ottawa Centre. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $1,100,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
- 2 Bedrooms and 2 Bathrooms with 2 functional kitchens
- Generous living space spanning 2000-2500 sqft on a premium 28 x 58 ft lot
- Features a crawl space basement, adding superb versatility for recreation, a home gym, or extra storage
- 2.0 total parking spaces available
- Notable attributes: None
- Efficient radiant heating via gas
Description
Opportunity to own a Duplex on a great downtown corner lot with 2 parking spaces. This property would be great for any owner wanting to live in one of the units. Hardwood flooring with ceramic in the kitchen. Large windows and high ceilings. R4UD zoned allowing for multiple development potential. Easy access to the 417 Hwy, fabulous for commuting. Walking distance to groceries, shopping, the Glebe, Golden Triangle, Ottawa Downtown, Bank Street, Elgin Street. Both units currently configured as 2 bedroom units, both having their own patio / balcony. Both units have been leased for over 1 year - now month to month. Potential GOI: $52,800 / Current GOI: $33,600 / Current Expenses:$6,900 / Potential NOI: $44,844
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Pricing & Value Insights
Data-driven valuation for 256 Kent Street N, Ottawa Centre, ON K2P 2A2
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About Purchasing a Home in Ottawa Centre, ON
For a property listed at $1,100,000 in Ottawa Centre, the legal minimum down payment is $220,000 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $18,475 for this transaction. As this listing is in Ottawa Centre (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $18,475.
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Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.