125 Norice Street
House for sale in 7302 - Meadowlands/Crestview, Ottawa — $795,000
Key facts
- Type: House
- Price: $795,000
- Bedrooms: 5
- Bathrooms: 2
- Living area: 700 sq ft
- City: Ottawa
- Neighbourhood: 7302 - Meadowlands/Crestview
- MLS® number: X13674054
- Agent: Grape Vine Realty Inc.
- Brokerage: Grapevine (Ottawa)
Description
Welcome to 125 Norice St, a beautifully maintained bungalow set on an oversized lot in a highly convenient central location. This is a rare turnkey opportunity that combines strong rental income, immediate cash flow, and outstanding long-term upside. The main-floor unit is bright, inviting, and thoughtfully designed with an open-concept layout that enhances both space and flow. The modern kitchen offers generous cabinetry and workspace, seamlessly connecting to the spacious living room and adjoining dining area-perfect for everyday living or entertaining. Three well-proportioned bedrooms, a full bathroom, and convenient in-unit laundry complete this level. The fully finished lower-level, non-conforming Secondary Dwelling Unit (SDU) features its own private entrance and a well-designed open-concept kitchen, dining, and living area. With comfortable bedrooms, a full bathroom, and separate laundry, this unit is fully self-contained and highly functional. Whether used for rental income, extended family living, or personal flexibility, it offers exceptional versatility. This property is already a proven income generator, producing approximately $4,500 per month in total rental income, with $2,500 from the upper unit and $2,000 from the lower unit. In addition, wide driveway, 2-car separate garage, and strong curb appeal. The expansive oversized lot provides abundant outdoor space and also presents exciting potential for future development or expansion, subject to municipal…