98 Boyce Avenue, Britannia - Lincoln Heights and Area

$649,000
98 Boyce Avenue

$649,000

New
45d
DetachedBungalow

98 Boyce Avenue, Britannia - Lincoln Heights and Area

Total Monthly Obligation $3,269

Beds
2
Baths
1
Park
3
Sqft
700-1100
DOM
45d
Score
19
Yield
4.6%
Cash on Cash
-3.9%
Cap Rate
3.7%
5Y IRR
12.5%
10Y IRR
12.2%
Property Type-Detached
MLS® Number-X13757746
Beds-2
Bathrooms-1
Size-700-1100 sqft
Lot Size-48 × 100.04 ft
Listed on site-Sep 8, 2026
Style-Bungalow
Building Type-Detached
Taxes-$3,313 (2025)
Parking-3 - None
Basement-Crawl Space
Heating-Forced Air (Gas)
Brokerage-ROYAL LEPAGE PERFORMANCE REALTY
Cooling-Window Unit(s)
Laundry-No
Fireplace-No
Pool-None
Facing-East
Exterior-Brick, Wood
Roof-Asphalt Shingle
Foundation-Block
Sewer-Sewer
Possession-ASAP
Neighbourhood-6101 - Britannia
Title-Residential Freehold

No agent assigned

Rare Investment Opportunity on a Remarkable 4,790 SF Lot! This well-maintained home offers the perfect combination of immediate rental/living potential and long-term redevelopment upside. The approximately 4,790 SF parcel is now governed by Ottawa's adopted Zoning By-law 2026-50 (N3C), allowing expanded low-rise residential density with a maximum building height of 11 metres. Located immediately adjacent to Main Street Zoning 2, the property benefits from an increasingly interesting development context and potential for future intensification. Buyers are encouraged to conduct their own due diligence with the City of Ottawa regarding permitted uses, development options, setbacks, parking and approvals.In the meantime, the existing home is in good condition and offers excellent flexibility-move in, rent it out, or hold as an income-producing property while planning for the property's future potential. Recent improvements include newer paint (2022), updated kitchen light fixtures, replacement light switches throughout, and refreshed doors, creating a clean and comfortable living space.The rear porch provides convenient storage and connects to a spacious, accessible laundry area. The fully fenced backyard offers generous green space and a patio, providing plenty of room for outdoor enjoyment today while preserving valuable future parking space.Ideally situated just steps from the river and Britannia Beach, with convenient access to shopping, schools and public transportation. A rare opportunity to acquire a property that works as a home today and offers compelling land value and redevelopment potential for tomorrow.Live in it. Rent it. Hold it. Develop it when the timing is right.

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

Closing Costs

Mortgage Amount
$519,200
Land Transfer Taxes$9,455
Legal Fees (Est.)
$
Total cash required for closing$140,755

Total Monthly Obligation

$3,269/mo
Mortgage $2,618
Monthly Loss $2,580
Principal$689
Interest$1,929
Property Tax$276
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
3.0%18
Cash-on-Cash
-8.8%1
5-Year IRR
8.7%27
10-Year IRR
9.6%
Returns Index
14.8/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
19/ 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
$30,000/yr
NOI
$19,187/yr
Net Cash Flow
-$1,019/mo
Cash Margin
-40.8%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.617
LTV Ratio
80.0%18
Vacancy Buffer
2.9 mo49
Risk Index
24.8/ 100

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

Comparables

Properties near 98 Boyce 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.