125 Norice Street
FOR SALE
$924,900
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3 + 2
BEDROOMS2
BATHROOMS1 + 1
KITCHENS9 + 8
ROOMSX13182534
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Property Description
We are pleased to present an exceptional investment opportunity featuring strong immediate cash flow and significant future development potential. This updated, well-maintained bungalow includes a legal secondary unit and is situated on a prime 146 ft x 170 ft oversized lot in the desirable Crestview/Meadowlands community. The property generated a gross monthly income of $ 4,000, yielding a net annual income of over $48,000. Key highlights include: the upper level: renovated with three generous bedrooms, a modern open-concept kitchen, a four-piece bathroom, in-unit laundry, gleaming hardwood flooring and LED lighting throughout, and a bright living space. The lower level features in law unit suite with a separate entrance, two bedrooms, a three-piece bath, its own dedicated laundry facility, new laminate flooring, raw marble kitchen counters in the kitchen and bathroom, plus a sleek open-concept layout with high-end finishes. This fabulous home sits on an oversized corner fenced and hedged lot, featuring a large 2-car detached garage, an interlock patio ideal for summer enjoyment and entertaining. Location: Ideally situated within walking distance of Algonquin College, the future LRT station, the shops at College Square and easy access to the 417 Highway. The property is also steps away from convenient bus service, parks, and St. Gregory's Elementary School. Beyond the current rental income, the newly proposed Minor Corridor 2 (CM2) zoning unlocks significant development potential. This may allow for a four-story building with a footprint of over 5,500 sq. ft., potentially providing more than 25,000 sq. ft. of total living space. (Note: All development potential must be verified with the City of Ottawa. This is a rare opportunity to secure a high-yielding asset while positioning for exceptional future returns. Please let me know if you would like to schedule a viewing or if I can provide further details.
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Property Features
Park, Public Transit, School, Wooded/Treed, Fenced Yard, Auto Garage Door Remote, In-Law Suite, Primary Bedroom - Main Floor, Private, Available, Covered, Private Double, Wood
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Property Details
Address
125 Norice Street
Community
Postal Code
K2G 2Y2
Property Type
Detached, Detached
Zoning
RIFF
Lot Size
146' x 170'
Taxes
$4,761 (2025
Basement
Finished, Separate Entrance, Full, Apartment
Heat Type
Forced Air
Heat Source
Wood
Water
Municipal
Parking Spaces
4
Garage Type
Detached
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Listing contracted with Royal Lepage Team Realty
Prime corner lot opportunity at 65 David Drive - an exceptional find for builders, developers, and investors alike! zoning R1FF, 80.5 ft by 93.5 ft. Possible severance. Previously rented $3200 per month. This solid bungalow offers incredible flexibility with a functional layout featuring 3 bedrooms on the main level, along with a fully finished basement complete with 2 additional bedrooms, 1 bathroom, and a second kitchen.With two kitchens and a layout that supports easy separation into two distinct units, this property presents strong potential for rental income, multi-generational living, or future redevelopment. The prominent corner lot enhances visibility, access, and long-term value.Whether you're looking to renovate, rent, or reimagine, this is a rare opportunity in a desirable location with endless possibilities. Steps from Algonquin College! | Fireplace and oil tank in basement in as-is condition | Some photos digitally rendered. | Recommend buyers to do their due diligence with confirming how many units can be built, photos are digitally rendered to give a general visual, not accurate**
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Positive cash flow property with fully finished basement offering exceptional versatility for both homeowners and investors! Discover an incredible opportunity with this centrally located, all-brick bungalow, perfectly situated just a short walk from Algonquin College, College Square, and public transit suitable for families, professionals, and students. Nestled on a quiet street, the home sits on a generous, tree-lined lot with over 62 ft of frontage providing privacy, tranquility, and excellent future development potential. The beautifully renovated main level features a bright, open-concept layout, seamlessly connecting the modern upgraded kitchen and living area. Hardwood flooring flows throughout, leading to three well-appointed bedrooms and a stylish full bathroom. A separate rear entrance offers access to the fully finished basement, complete with two decent bedrooms, a large kitchen space, and a modern 3-piece bathroom, ideal for rental income or multi-generational living. Enjoy the expansive, serene backyard-perfect for relaxing or entertaining. Don't miss this rare opportunity to own a property that combines prime location, thoughtful upgrades, and strong income potential.
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Welcome to 11 Donna Street - a lovingly maintained, turn key family home tucked into a quiet, established neighbourhood just off Meadowlands Drive - steps from everyday convenience & top-tier amenities. Perfect for growing families or investors alike. Set on an impressive 75 x 101 ft fully fenced lot, the huge backyard offers endless possibilities with a large concrete veranda, massive concrete patio & 10 x 10 garden shed. This generous lot features lush green space & incredible gardening potential.A spacious concrete veranda with aluminum railings welcomes you home, delivering strong curb appeal & the perfect spot for morning coffee. The extended driveway provides ample parking for family & guests - a rare practical bonus.Inside, timeless hardwood flooring flows throughout the main level, creating a warm cohesive feel across the living & dining spaces. Natural light pours in, enhancing the inviting atmosphere that instantly feels like home. One standout feature is the main floor laundry/mud room - a highly sought-after feature rarely found in similar homes. Perfect for busy family life, pets, or seasonal gear.The open concept LR/DR features a classic mid-century Angelstone fp. The kitchen offers custom cabinets with granite countertops. The large fully finished basement expands your living space significantly with multiple rec areas, storage, workshop & a 3-pc bthrm.This home has been exceptionally well cared for by the same family for many years - a true testament to pride of ownership. Location is where this property truly shines: minutes to Algonquin College with easy access to the major OC Transpo Baseline Station directly across from campus, making commuting simple & efficient.Whether you're a growing family, investor, or someone looking for a solid home in a prime location - this is an opportunity you don't want to miss. 24 hours irrevocable on all offers.
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Situated in the established community of Ryan Farm, this spacious detached home offers an exceptional combination of comfort, functionality, and location. Featuring 4 bedrooms, 2.5 bathrooms, and a double garage, the property is just a short stroll from Algonquin College, College Square, and Baseline Station, making everyday commuting and shopping incredibly convenient.Designed for both everyday living and entertaining, the main floor offers distinct yet connected living spaces. A bright front living room with the separate dining area overlooks the front yard through an oversized window. Toward the rear of the home, the family room opens into a refreshed kitchen equipped with granite counters, stainless steel appliances, ceramic backsplash, extensive cabinetry, and a practical breakfast bar.The second level includes a generous primary retreat featuring hardwood flooring and a sleek private ensuite. Three additional bedrooms offer flexible space for growing families, guests, or work-from-home needs, accompanied by a full bathroom.The lower level is fully finished and benefits from upgraded insulation, providing additional room for recreation, hobbies, or a media setup. Outdoors, the fenced backyard features a large deck with plenty of space to relax or host during warmer months.Key mechanical updates include the furnace (2015), central air conditioner (2019), Front door 2026, Fireplace remodelling : 2024, washer & Dryer 2025. Camera Doorbell 2026, 24 Hours irrevocable on all offers.
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OPEN HOUSE SATURDAY MAY 30th 2PM-4PM. Welcome to this beautifully maintained bungalow in an unbeatable location, just minutes to Algonquin College, OC Transpo, and major shopping, while tucked away on a quiet street with no through traffic. Set on a large city lot, the fully fenced backyard and landscaped front entrance create excellent curb appeal and inviting outdoor space to enjoy. The main level offers a spacious and functional layout designed for both everyday living and entertaining. A large living room with a cozy fireplace provides a warm and welcoming focal point, while the separate dining room is perfect for hosting. The kitchen offers plenty cupboard and counter space for family meals, with stainless steel appliances beaming with natural light. The main floor features a well-appointed primary bedroom complete with a private 2 piece en-suite, along with 2 additional bedrooms that provide flexibility for family, guests, or a home office. The fully finished basement extends the living space with a large rec room, an additional bedroom, a dedicated office, and a 3-piece bathroom-ideal for multi-generational living, working from home, or accommodating guests. A rare double car garage and a long list of major updates already completed by the current owner, include the roof, furnace, A/C, and windows which adds to the overall value and peace of mind. This is a fantastic opportunity to own a move-in ready bungalow in a convenient, family-friendly location close to schools, parks, transit, and everyday amenities.
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