989 GOREN Avenue, Elmvale Acres and Area

$665,000
989 GOREN Avenue

$665,000

New
8d
DetachedBungalow

989 GOREN Avenue, Elmvale Acres and Area

Total Monthly Obligation $3,477

Beds
4
Baths
2
Park
2
Sqft
700-1100
DOM
8d
Score
21
Yield
5.6%
Cash on Cash
-0.7%
Cap Rate
4.4%
5Y IRR
15.0%
10Y IRR
14.1%
Property Type-Detached
MLS® Number-X14083472
Beds-4
Bathrooms-2
Size-700-1100 sqft
Lot Size-70.01 × 91.69 ft
Listed on site-Oct 15, 2026
Style-Bungalow
Building Type-Detached
Taxes-$5,037 (2026)
Parking-3 - Carport
Basement-Full, Finished
Heating-Forced Air (Gas)
Brokerage-RIGHT AT HOME REALTY
Cooling-Central Air
Laundry-No
Fireplace-Yes
Pool-None
Facing-North
Exterior-Brick
Roof-Asphalt Shingle
Foundation-Concrete
Sewer-Sewer
Possession-TBD
Neighbourhood-3703 - Elmvale Acres/Urbandale
Title-Residential Freehold

No agent assigned

Bright & Well-Maintained Detached Home in a Prime Family Location**Welcome to this bright and well-maintained detached home featuring a spacious carport and move-in-ready condition. Situated on a quiet, family-friendly street, this home offers the perfect combination of comfort, convenience, and value.The main level features beautiful hardwood flooring, a nicely updated kitchen with a brand-new stone countertop (2026), and three generously sized bedrooms. The finished lower level provides excellent additional living space, including a large family room, a room currently used as a bedroom with an ensuite bathroom, a separate office/den, laundry area, and ample storage space.Step outside to enjoy the large backyard with a newly built deck (2018), perfect for summer BBQs, entertaining, or relaxing with family and friends.**Recent Updates Include:*** Brand-new kitchen stone countertop (2026)* New flooring in the kitchen and basement bathroom (2026)* Office and laundry room renovations (2019)* Deck built in 2018* Upgraded kitchen and two full bathroomsIdeally located within walking distance to Canterbury High School and Arch Street Public School. Close to Brian Kilrea Arena Children's Hospital of Eastern Ontario (CHEO), and The Ottawa Hospital General Campus. Only about 10 minutes from downtown Ottawa and conveniently located for those working at CHEO, The Ottawa Hospital, or University of Ottawa.A fantastic opportunity for families seeking a spacious home in a central location with a great-sized backyard and easy access to schools, hospitals, recreation, and downtown amenities. Don't miss your chance to make this wonderful property your new home!

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(utilities, internet...)
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%
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Closing Costs

Mortgage Amount
$532,000
Land Transfer Taxes$9,775
Legal Fees (Est.)
$
Total cash required for closing$144,275

Total Monthly Obligation

$3,477/mo
Mortgage $2,682
Monthly Loss $2,771
Principal$706
Interest$1,977
Property Tax$420
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
3.6%23
Cash-on-Cash
-5.9%2
5-Year IRR
11.0%43
10-Year IRR
11.4%
Returns Index
22.5/ 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
$37,068/yr
NOI
$23,824/yr
Net Cash Flow
-$697/mo
Cash Margin
-22.6%0
Cash Flow Index
0.1/ 100
Risk Profile
Weight: 20%
DSCR
0.7412
LTV Ratio
80.0%18
Vacancy Buffer
2.8 mo45
Risk Index
24.9/ 100

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

Comparables

Properties near 989 GOREN Avenue

Time

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