1864 Lenester Avenue W, McKellar Heights - Glabar Park and Area

$599,900
1864 Lenester Avenue W

$599,900

Price Change
66d
Semi-Detached Sidesplit

1864 Lenester Avenue W, McKellar Heights - Glabar Park and Area

Total Monthly Obligation $3,151

Beds
3
Baths
2
Park
1
Sqft
1500-2000
DOM
66d
Score
23
Yield
5.9%
Cash on Cash
1.1%
Cap Rate
4.8%
5Y IRR
16.4%
10Y IRR
15.3%
Property Type-Semi-Detached
MLS® Number-X13693390
Beds-3
Bathrooms-2
Size-1500-2000 sqft
Lot Size-32.5 × 93.56 ft
Listed on site-Aug 18, 2026
Style-Sidesplit
Building Type-Semi-Detached
Age-51-99
Taxes-$4,270 (2025)
Parking-2 - Attached
Basement-Finished
Heating-Forced Air (Gas)
Brokerage-REMAX BOARDWALK REALTY
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Facing-South
Exterior-Aluminum Siding, Brick Front
Roof-Asphalt Shingle
Foundation-Poured Concrete
Sewer-Sewer
Possession-Flexible
Neighbourhood-5201 - McKellar Heights/Glabar Park
Title-Residential Freehold

No agent assigned

Great Location and tons of Potential! Opportunity knocks at 1864 Lenester Ave, a spacious 3-bedroom, 2-bathroom semi-detached home in an outstanding location at the edge of Glabar Park. From the moment you walk in, you'll appreciate the generous room sizes and practical layout - there's over 1900 square feet of living space in this semi! The main level offers comfortable living and dining spaces with plenty of room to relax, entertain, and enjoy time with family and friends. The kitchen is functional as is, while also offering an opportunity to update and make it your own over time. Upstairs you'll find 2 large bedrooms, including the Primary with its own balcony - the 3rd bedroom is situated on the "in between" level with access to a 3 piece bath. The finished basement gives you even more room to spread out and could easily become a family room, playroom, media space, home gym, office, or hobby area. Plus, there's an extra large Furnace Room/Storage area. You'll definitely want to update this home, but that's also what makes it such an exciting opportunity. You can move in, make improvements at your own pace, and add your own personal style along the way. The spacious layout gives you a great foundation to work with. Outside, the fenced backyard is ready to be enjoyed. There's room for children and pets to play, space for gardening, and plenty of potential for summer dinners or relaxing outdoors with friends and family. And the location is hard to beat...you'll be close to parks, schools, shopping, restaurants, and everyday conveniences. And the easy access to Highway 417 makes getting around Ottawa a breeze, whether you're commuting downtown, heading west, or connecting to other parts of the city. For commuters, this convenient highway access is a real advantage.With its large rooms, finished basement, fenced backyard, and excellent location, 1864 Lenester Ave is a wonderful opportunity to create a comfortable home in a well-connected Ottawa neighbourhood.

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

Closing Costs

Mortgage Amount
$479,920
Land Transfer Taxes$8,473
Legal Fees (Est.)
$
Total cash required for closing$129,953

Total Monthly Obligation

$3,151/mo
Mortgage $2,420
Monthly Loss $2,514
Principal$637
Interest$1,783
Property Tax$356
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
4.1%28
Cash-on-Cash
-3.5%3
5-Year IRR
12.9%57
10-Year IRR
12.9%
Returns Index
29.6/ 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
$36,996/yr
NOI
$24,526/yr
Net Cash Flow
-$376/mo
Cash Margin
-12.2%0
Cash Flow Index
0.4/ 100
Risk Profile
Weight: 20%
DSCR
0.8417
LTV Ratio
80.0%18
Vacancy Buffer
3.0 mo51
Risk Index
28.4/ 100

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

Comparables

Properties near 1864 Lenester Avenue W

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.