464 Mutual Street, Overbrook - Castleheights and Area

$649,000
464 Mutual Street

$649,000

New
4d
DetachedBungalow

464 Mutual Street, Overbrook - Castleheights and Area

Total Monthly Obligation $3,300

Beds
3
Baths
2
Park
5
Sqft
1100-1500
DOM
4d
Score
27
Yield
6.7%
Cash on Cash
5.2%
Cap Rate
5.7%
5Y IRR
19.7%
10Y IRR
18.0%
Property Type-Detached
MLS® Number-X14094934
Beds-3
Bathrooms-2
Size-1100-1500 sqft
Lot Size-60 × 112 ft
Listed on site-Oct 19, 2026
Style-Bungalow
Building Type-Detached
Taxes-$3,689.22 (2026)
Parking-6 - Detached
Basement-Partially Finished
Heating-Forced Air (Gas)
Brokerage-ROYAL LEPAGE TEAM REALTY
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Facing-South
Exterior-Brick, Vinyl Siding
Roof-Asphalt Shingle
Foundation-Block
Sewer-Sewer
Possession-TBD
Neighbourhood-3503 - Castle Heights
Title-Residential Freehold

No agent assigned

Welcome to 464 Mutual Street, a fantastic opportunity in Ottawa's Gloucester area! This charming 1950s single-family home offers 3 bedrooms, 1.5 bathrooms, a detached garage, and sits on an impressive 60 x 112 ft lot with desirable R3A zoning. Whether you're a homeowner looking for a property with character, an investor seeking long-term value, or a developer exploring future possibilities, this property offers exceptional potential.The generous lot provides plenty of flexibility for renovation, expansion, or exploring future redevelopment opportunities, while the existing home offers a solid starting point for those looking to personalize and make it their own. The detached garage adds valuable storage and parking options, making this property both practical and versatile.Location is a key feature, with convenient access to major roads, public transit, shopping, restaurants, schools, parks, and everyday amenities. Enjoy being within easy reach of Gloucester's extensive retail and services, including St. Laurent Shopping Centre and nearby commercial amenities, while also having quick access to downtown Ottawa, the Rideau River, parks, recreational facilities, and the University of Ottawa. With nearby transit connections and major routes, commuting throughout Ottawa and surrounding areas is convenient.Opportunities like this - combining a substantial lot, R3A zoning, an established neighbourhood, and convenient access to amenities - are increasingly difficult to find. Whether you choose to renovate, expand, hold as an investment, or investigate future development potential, 464 Mutual Street is worth exploring.Don't miss your opportunity to secure a property with character, flexibility, and long-term upside. Book your showing today!Home is being sold as-is (Schedule B).

$
$
%
%
$
$
$
(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

$3,300/mo
Mortgage $2,618
Monthly Loss $2,611
Principal$689
Interest$1,929
Property Tax$307
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
4.8%35
Cash-on-Cash
-0.3%7
5-Year IRR
15.4%74
10-Year IRR
14.9%
Returns Index
39.3/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
27/ 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
$43,500/yr
NOI
$30,961/yr
Net Cash Flow
-$38/mo
Cash Margin
-1.0%4
Cash Flow Index
3.9/ 100
Risk Profile
Weight: 20%
DSCR
0.9926
LTV Ratio
80.0%18
Vacancy Buffer
2.9 mo47
Risk Index
30.5/ 100

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

Comparables

Properties near 464 Mutual Street

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.