161 Hinchey Avenue

Mechanicsville, Ottawa · MLS® X13774194

5,000 sq ft · Land · Vacant Land · 43 days on market

listed by Kenneth Tripp, COLDWELL BANKER SARAZEN REALTY

realtor's description

CALLING ALL INVESTORS and DEVELOPERS!! Permit Ready 12 Unit Build ready to go! Take advantage of plans already in place and a property ready to be demolished. Use MLI Select financing for this 12 Unit Building, with over 330K gross revenue per year. This is in a spectacular location to maximize possible rental income. LRT, shops, parks and recreation nearby, public transit, etc. This would be a great property in an unbeatable location to add to your portfolio.

property details

type: Land, Vacant Land
living area: 5,000 sq ft
parking: 0
property tax: $7,500 / yr
days on market: 43
MLS®: X13774194

monthly cost

$6,267/mo

Mortgage $5,642 · Tax $625

20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing.

estimated payment

$5,642/ monthly

loan $1,036,000

25-year amortization

down payment20% · $259,00020%+ down: no mortgage insuranceinterest rate4.34%Rates from Ratehub.ca (best 5-year fixed and variable), checked Oct 24, 2026. Semi-annual compounding; your lender's rate may differ.amortizationpayment frequency

total interest: $656,657
cash to close: $259,000; down payment; transfer tax and fees not included
total paid: $1,692,657

Estimates only. Rates change daily and lenders qualify at the stress-test rate. Talk to a mortgage broker before you offer.