1849 Florida Avenue, Alta Vista and Area

$739,900
1849 Florida Avenue

$739,900

New
8d
Detached1 1/2 Storey

1849 Florida Avenue, Alta Vista and Area

Total Monthly Obligation $3,842

Beds
5
Baths
2
Park
5
Sqft
1100-1500
DOM
8d
Score
18
Yield
4.8%
Cash on Cash
-4.4%
Cap Rate
3.6%
5Y IRR
12.1%
10Y IRR
11.9%
Property Type-Detached
MLS® Number-X14080122
Beds-5
Bathrooms-2
Size-1100-1500 sqft
Lot Size-52.5 × 95.36 ft
Listed on site-Oct 15, 2026
Style-1 1/2 Storey
Building Type-Detached
Taxes-$5,788 (2025)
Parking-5 - None
Basement-Finished
Heating-Forced Air (Gas)
Brokerage-REAL BROKER ONTARIO LTD.
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Facing-North
Exterior-Brick Veneer, Vinyl Siding
Roof-Asphalt Shingle
Foundation-Poured Concrete
Sewer-Sewer
Possession-Flexible
Neighbourhood-3609 - Guildwood Estates - Urbandale Acres
Title-Residential Freehold

No agent assigned

Welcome to 1849 Florida Avenue, a fully renovated legal duplex on a quiet, tree-lined street in a highly sought-after, central Ottawa location. This home offers 5 bedrooms and 2 bathrooms across two self-contained units: a bright 3-bedroom, 1-bathroom main level and a 2-bedroom, 1-bathroom basement apartment, ideal for a mortgage helper, extended family, or a turnkey investment. The main level features vaulted ceilings, a bay window, and an updated kitchen with quartz countertops, custom cabinetry, stainless steel appliances, and an eat-in dining area. The primary bedroom includes a double closet, and a custom built-in TV unit with a granite countertop rounds out the living space. Downstairs, the spray-foam-insulated basement apartment is bright and legal, with a window in every room. It has its own full kitchen, living space, and laundry, plus a private side entrance completely separate from the main level. Each unit has its own electrical panel and meter, so tenants cover their own hydro. The basement unit is currently month to month to a long-term tenants. Recent updates include a new roof, furnace, A/C, exterior, windows, entrance door, and driveway. Outside, enjoy a fully fenced, beautifully landscaped, tree-shaded yard with a rear deck, parking for several vehicles, and two sheds, including one fully finished 10x10. A rare opportunity to property hack, generate rental income, or accommodate multi-generational living. Turnkey and move-in ready.

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

Closing Costs

Mortgage Amount
$591,920
Land Transfer Taxes$11,273
Legal Fees (Est.)
$
Total cash required for closing$160,753

Total Monthly Obligation

$3,842/mo
Mortgage $2,985
Monthly Loss $3,057
Principal$785
Interest$2,199
Property Tax$482
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
2.9%17
Cash-on-Cash
-9.0%1
5-Year IRR
8.5%26
10-Year IRR
9.5%
Returns Index
14.3/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
18/ 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
$35,256/yr
NOI
$21,442/yr
Net Cash Flow
-$1,198/mo
Cash Margin
-40.8%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.607
LTV Ratio
80.0%18
Vacancy Buffer
2.5 mo40
Risk Index
21.8/ 100

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

Comparables

Properties near 1849 Florida Avenue

Time

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