125 Norice Street, Ottawa
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 approvals. Whether you're an investor seeking a reliable cash-flowing asset, a homeowner looking to significantly offset your mortgage, or a buyer in need of a flexible multi-generational setup, 125 Norice St. delivers on every level. Located close to schools, parks, shopping, public transit, and everyday amenities, this property offers the perfect blend of comfort, convenience, and investment. New roof for garage and shed Oct. 2026. Pre-Inspection report available by owner upon request. (id:1945)
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Property details for 125 Norice Street, Ottawa
- Type
- Residential
- Style
- Bungalow
- Bedrooms
- 5
- Bathrooms
- 2
- Lot Size
- 146 x 170 FT
- Stories
- 1
- Basement
- Finished, Full
- Parking
- Detached Garage, Garage
- Heating
- Forced air, Natural gas
- Cooling
- Central air conditioning
- Exterior
- Brick
- Ownership
- Freehold
- Annual Taxes
- $4,761 (2025)
Nearby Listings Stat
Estimated price and comparable properties near 125 Norice Street
Active Listings
13
Min Price
$549,900
Max Price
$1,050,000
Avg Price
$776,408
Days on Market
38
days
Sold Listings
2
Min Sold Price
$755,000
Max Sold Price
$879,000
Avg Sold Price
$817,000
Days until Sold
62
days
Neighbourhood Census Data
Ottawa, Ontario
Population
647
Median Age
45.4
Median Income
$34,458
Dwelling Value
$449,614
Housing Tenure
Owners 83%
Renters 19%
Age Distribution
Dwelling Types
Commute Mode
Education Level
Housing Age
Commute Duration
Avg Household Size: 2.6
Pop. Density: 1,953.5/km²
Avg Shelter Cost: $1,432/mo
Owners with Mortgage: 50%
Owners Spending 30%+: 10.3%
Tenants Spending 30%+: 50%
English only: 70.5%
English and French: 27.1%
Neither: 1.6%
Median Household Income: $92,288
Median Employment Income: $33,664
Price History
Listed
August 14, 2026
by GRAPE VINE REALTY INC.
Current Price
$775,000
-2.5% from last change
Type
Residential
For Sale
Price Changes
4
| Date | Price | Change |
|---|---|---|
| Current | $775,000 | $20,000 (-2.5%) |
| Sep 25, 2026 | $795,000 | $69,900 (-8.1%) |
| Aug 14, 2026 | $864,900 | $33,100 (-3.7%) |
| Jul 8, 2026 | $898,000 | $26,900 (-2.9%) |
| Jun 10, 2026 | $924,900 | Listed |
