463 Parkdale Avenue, West Centre Town

$729,900
463 Parkdale Avenue

$729,900

New
36d
Detached3-Storey

463 Parkdale Avenue, West Centre Town

Total Monthly Obligation $3,817

Beds
7
Baths
4
Park
2
Sqft
1100-1500
DOM
36d
Score
21
Yield
5.7%
Cash on Cash
-0.4%
Cap Rate
4.5%
5Y IRR
15.2%
10Y IRR
14.3%
Property Type-Detached
MLS® Number-X13797926
Beds-7
Bathrooms-4
Size-1100-1500 sqft
Lot Size-33.78 × 52.25 ft
Listed on site-Sep 17, 2026
Style-3-Storey
Building Type-Detached
Taxes-$5,978.93 (2026)
Parking-2 - None
Basement-Separate Entrance, Apartment, Finished
Heating-Forced Air (Gas)
Brokerage-GRINDSTONE REALTY INC.
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Facing-East
Exterior-Brick
Roof-Asphalt Shingle
Foundation-Concrete
Sewer-Sewer
Possession-TBA
Neighbourhood-4203 - Hintonburg
Title-Residential Freehold

No agent assigned

Location, lifestyle and incredible investment potential in the heart of Hintonburg! Welcome to 463 Parkdale Avenue, an impressive three-storey, 6-bedroom plus loft detached home offering exceptional space and versatility in one of Ottawa's most sought-after neighbourhoods. Steps from Wellington Street West, Parkdale Market, local shops, cafés, restaurants and neighbourhood favourite Heartbreakers Pizza, this is an outstanding opportunity for investors, multi-generational living or buyers seeking flexible rental possibilities.Adding to its appeal is the property's LC1[2256] zoning, offering flexibility and future potential for buyers to explore. The main level features generous living and dining spaces with high ceilings and hardwood flooring, a powder room and updated kitchen with additional cabinetry and countertop space added in 2024.The second floor offers four well-sized bedrooms, hardwood flooring and a full 4-piece bathroom. The third level features a spacious loft with a 3-piece bathroom, skylight and ample storage-an incredibly versatile bonus space.The finished lower level adds even more possibilities with a separate side entrance, two bedrooms, kitchenette, 3-piece bathroom, vinyl plank flooring and upgraded insulation. Extensive improvements include kitchen and bathroom updates, basement renovation, replacement of cast-iron plumbing with PVC/PEX, exterior doors, basement windows, skylight, eavestroughs, fascia and soffits. Additional updates include gas stove and hood fan (2021), A/C (2018), hot water tank (2017) and furnace (2015).Complete with two tandem parking spaces and an unbeatable Hintonburg location, 463 Parkdale delivers a rare combination of size, versatility, zoning and income potential in one of Ottawa's most desirable urban neighbourhoods.

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

Closing Costs

Mortgage Amount
$583,920
Land Transfer Taxes$11,073
Legal Fees (Est.)
$
Total cash required for closing$158,553

Total Monthly Obligation

$3,817/mo
Mortgage $2,944
Monthly Loss $3,043
Principal$775
Interest$2,169
Property Tax$498
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
3.7%24
Cash-on-Cash
-5.4%2
5-Year IRR
11.4%46
10-Year IRR
11.7%
Returns Index
23.8/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
21/ 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
$41,496/yr
NOI
$26,867/yr
Net Cash Flow
-$705/mo
Cash Margin
-20.4%0
Cash Flow Index
0.1/ 100
Risk Profile
Weight: 20%
DSCR
0.7612
LTV Ratio
80.0%18
Vacancy Buffer
2.5 mo40
Risk Index
23.6/ 100

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

Comparables

Properties near 463 Parkdale Avenue

Time

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