368-3689910_homelife-bayside-realty-ltd-brokerage

Vikas Palan Sales Representative Homelife Super Stars Real Estate LTD

Call Now: 416-939-2500 Email: vikas@vikaspalan.com
98 Donald Street, Overbrook - Castleheights and Area, ON K1K 1N2
$725,000
  • Sale
  • Detached
  • 20 hours ago
  • Updated: 2026-03-14

Overview

  • Detached
  • 3 + 3
  • 2
  • Detached/4
  • 1100-1500
  • N/A

Description

Prime Investment Opportunity at 98 Donald. Exceptional turnkey income property with significant redevelopment potential, ideally located on Donald Street. This single-detached bungalow features a legal secondary dwelling unit and sits within the City's new CM1 (Corridor Mainstreet) zoning, offering strong current cash flow with excellent long-term upside. The main floor offers 3 spacious bedrooms, 1 full bathroom, a large living room, and a bright kitchen with breakfast area, complemented by hardwood flooring and renovations completed in 2023. The fully legal basement rental unit was constructed with all required permits and inspections, and includes a separate entrance, 3 bedrooms, 1 bathroom, full kitchen, and in-unit laundry, providing a highly functional layout for tenants. Additional features include two separate hydro meters(200 AMPS), a detached garage, and parking for up to 4 vehicles in the backyard. The property is fully rented, delivering a cap rate of 6.7% (Gross income 4900/Month, Net operation income: 4058/M ), making it a strong cash-flowing investment from day one. Strategically located within the CM1 - Corridor Mainstreet zoning, the property also offers significant future redevelopment potential, allowing for higher-density residential or mixed-use development along an evolving urban corridor. This zoning supports intensification and long-term land value growth, making the property attractive to both investors and developers. A rare opportunity to secure a fully leased income property today with substantial redevelopment potential for tomorrow.

Details

  • X12882868
  • Detached/4
  • $725,000
  • Tenant
  • None
  • 1 + 1
  • Bungalow
  • 3 + 3
  • 2
  • 1100-1500 Sqft
  • N/A SquareFeet
  • N/A
  • Detached
  • Sale

Additional details

  • Forced Air / Gas
  • CURRENT: R4UC ; CM2 AFTER SEPTEMBER
  • $4807
  • 2025
  • LT 4, PL 577 , S/T INTEREST IF ANY IN OT8165 ; OTTAWA/GLOUCESTER
  • N/A
  • N
  • Apartment
  • Central Air
  • Municipal

Schools Nearby

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FAQ

  • What is the total square footage of the X12882868 - 98 Donald Street, Overbrook - Castleheights and Area, ON K1K 1N2?

    The total square footage of this property is 1100-1500 SqFt.

  • What schools near to X12882868 - 98 Donald Street, Overbrook - Castleheights and Area, ON K1K 1N2?

    .

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