$898,000
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125 Norice Street, Ottawa, ON K2G2Y2

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5 Beds
2 Baths
- Sq Ft

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. (id:58753)

Listing By: Tara Graff - ROYAL LEPAGE TEAM REALTY cncrea2 Realty.com
  • MLS® X13426556
  • Date Listed06/10/2026
  • Days on Realty 3 Days
  • Bedrooms 5
  • Bathrooms 2 baths
  • Lot Size -
  • Sewer Other
  • Property Type Single Family Residence
  • Water Public

Interior Features

  • Appliances Dishwasher, Dryer, Hood Fan, Two stoves, Window Coverings, Two Washers, Garage door opener, Two Refrigerators
  • Cooling Central air conditioning
  • Heating Forced air, Natural gas

Exterior / Lot Features

  • Roof -
  • Lot Size Acres -
  • Lot Size SQFT -
  • Lot Features In- Law Suite

Directions

Cross Streets: Woodroffe Ave and Norice Street. ** Directions: Woodroffe Ave south, east on Norice Street, residence is #125 on the north side of the street just before Brook Lane.

Sales & Tax History

Source: Public Records

Local Neighborhood Highlights for K2G2Y2

Discover key demographics, population statistics, and environmental insights for the Ottawa, ON area.

Walkability in ON / K2G2Y2

Source: Walk Score

64/100

Somewhat Walkable

Walk Score ®

57/100

Good Transit

Transit Score ®

73/100

Very Bikeable

Bike Score ®

Overview

Some errands can be accomplished on foot. Many nearby public transportation options. Biking is convenient for most trips.

Transit Summary

25 nearby routes: 25 bus, 0 rail, 0 other

Walkability averages in the surrounding area

The average walkability score in the surrounding area is Walk Score: 56/100, Transit Score: 48/100, Bike Score: 71/100.

Points of Interest near 125 NORICE STREET, Ottawa, ON K2G2Y2

Frequently Asked Questions for 125 NORICE STREET

Source: Realty.com

125 NORICE STREET, Ottawa, ON K2G2Y2 in Ottawa, ON K2G2Y2 is a single family residence listed at $898,000. Highlights include 5 bedrooms, 2 bathrooms. Realty.ca has 46 photos, sales history, school insights, and mortgage tools for this listing.

Realty.com has 46 photos of 125 NORICE STREET.

The full address for this home is 125 NORICE STREET, Ottawa, ON K2G2Y2.

125 NORICE STREET has been listed on Realty.com since Wed June 10, 2026

Some errands can be accomplished on foot. Many nearby public transportation options. Biking is convenient for most trips.

The average walkability score in the surrounding area is Walk Score: 56/100, Transit Score: 48/100, Bike Score: 71/100.

Listing provided courtesy of: ROYAL LEPAGE TEAM REALTY
Listing agent: Tara Graff

This content last refreshed on 2026-06-13 11:59:13. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.