$ 1.599.000

514 516 Bay Street, Ottawa

14 Photos

514 516 Bay Street, Ottawa, ON K1R6B3 Photo 2

514 516 Bay Street, Ottawa, ON K1R6B3 Photo 3

514 516 Bay Street, Ottawa, ON K1R6B3 Photo 4

514 516 Bay Street, Ottawa, ON K1R6B3 Photo 5

514 516 Bay Street, Ottawa, ON K1R6B3 Photo 6

514 516 Bay Street, Ottawa, ON K1R6B3 Photo 7

MLS®: 1377713

Added: 71 days ago

Property Details

Welcome to 514-516 Bay Street! Great investment opportunity for 2 properties being a 5 unit + 1 building located in Centre Town. The property has a shared driveway and parking for 3 cars. There is the option to live mortgage free should you choose to reside in one of the updated units. The area features shopping, parks, personal services, playgrounds, schools and public transportation. The roof was redone in 2023. (id:1945)

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Property Information

Sewer: Municipal sewage system
List AOR: Ottawa
Stories: 3
Tax Year: 2022
Year Built: 1920
Photos Count: 14
Water Source: Municipal water
Parcel Number: 041210396
Parking Total: 3
Common Interest: Freehold
Association Name: None -
Tax Annual Amount: 10285
Exterior Features: Brick
Foundation Details: Poured Concrete
Lot Size Dimensions: 37 ft X 99 ft
Zoning Description: R4UD[478]
Number Of Units Total: 6

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Nearby Places

Name	Type	Address	Distance
Dey's Arena	It was the home arena of the Ottawa Hockey Club, v...		0.0 km
Ottawa Central Station	It used to have the same management as Montreal's ...		0.4 km
First United Church (Ottawa)	One of Ottawa's oldest congregations, the church f...		0.4 km
Dundonald Park	It occupies a city block, with Somerset Street Wes...		0.4 km
Centretown	It is defined by the city as "the area bounded on ...		0.4 km
St. Elijah's Housing	Elijah's Housing is a building in Ottawa, Canada...		0.4 km
Centretown Movies Outdoor Film Festival	The festival operates on donation and is run by a ...		0.4 km
Glashan Public School	It is located in the Centretown neighbourhood betw...		0.5 km
Glashan Public School	School	28 Arlington Ave	0.5 km
Centretown United Church	It was built in 1906 as the Stewarton Presbyterian...		0.6 km
Rideau Curling Club	Founded in 1888, the Rideau Curling Club maintains...		0.6 km
Chinatown, Ottawa	It runs from Bay Street in the east to Rochester S...		0.6 km

514 516 Bay Street mortgage payment

Based on the given information, we can estimate the monthly mortgage payment for someone interested in purchasing the property located at 514 516 Bay Street. The current price of the property is $1,599,000, and the mortgage rate being used for the calculation is 4.44%, which is a competitive rate offered by Ratehub.ca. Assuming a conventional mortgage with a 20% down payment, the total amount borrowed would be $1,279,200. This would result in a monthly mortgage payment of $7,477 over a 25-year amortization period.

Demographic Information

Neighbourhood Education

Master's degree	70
Bachelor's degree	150
University / Above bachelor level	15
College	35
University degree at bachelor level or above	240

Neighbourhood Marital Status Stat

Married	95
Widowed	10
Divorced	20
Separated	10
Never married	230
Living common law	110
Married or living common law	210
Not married and not living common law	275

Neighbourhood Construction Date

1961 to 1980	40
1981 to 1990	25
1991 to 2000	10
1960 or before	195

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