Oversized Centretown lot with two balconies, 2 beds

Property details for 135 Upper Lorne Place, Ottawa

Type: Residential
Bedrooms: 2
Bathrooms: 2
Lot Size: 25 x 134 FT
Stories: 2
Basement: Unfinished, N/A
Parking: No Garage
Heating: Baseboard heaters, Natural gas
Cooling: Central air conditioning
Exterior: Vinyl siding
Ownership: Freehold
Annual Taxes: $5,547

This is a two-storey house on a 25 x 134 foot lot in Centretown, which is huge for the area. You get 2 bedrooms and 2 full baths in about 1,500 square feet of living space. The place is in decent shape with vinyl siding outside and a concrete foundation. Inside you'll find baseboard heating and central air, so you're comfortable year-round. Appliances are included, including washer, dryer, fridge, stove, and dishwasher. There's also a water heater. Parking for 3 cars, though no garage. The lot is the real selling point here, and with R4 zoning and separate hydro meters, it's a solid investment play. You could redevelop or just hold onto it. Location is killer. You're steps from Dominican University College, a 5-minute walk to Adult High School, and close to the Bronson Centre. Plus, there's stairs at the street's end that get you down to LeBreton Flats in minutes. Chinatown and Little Italy are nearby too. At $599,900, it's priced close to the neighborhood median of $589K. Sold comps are around $571K, and places are moving in about 73 days. It's not the flashiest place, but the lot and location give it strong upside. Worth a look if you want space in Centretown.

About 135 Upper Lorne Place, Ottawa — Property Score

Strong Investment

Score: 68/100

Value

Priced 18.4% below area median of $734,900 based on 248 comparable properties nearby 98

Stable pricing - no price changes since original listing date 50

Size

2 bedrooms - 1 fewer than similarly priced 3-bedroom homes nearby 48

2 bathrooms - typical for similarly priced properties 60

3,350 sqft lot - a compact lot for the area 55

Location

$64K median household income - near the Canadian average of $70K 62

86% of residents hold postsecondary credentials - a highly educated neighbourhood 93

41% homeownership rate - a renter-majority neighbourhood 59

73% of residents commute under 30 minutes - excellent commuter accessibility 89

6,585/km² population density - an urban neighbourhood 65

Market

Just listed - area average is 42 days on market 100

-0.5% median price change over 1 month - stable pricing in the area 48

28.1 months of housing supply - 1655 active listings with 59 sold last month (buyer's market) 40

Features

3-car garage - area average is 5.7 spots 80

Unfinished, N/A basement - adds valuable living space 85

baseboard heating throughout 55

Central air conditioning - whole-home cooling 90

No premium extras like pool, waterfront, or view 50

Investment

0.92% effective tax rate ($5,547/yr) - below the Canadian average of ~1% 72

59% renter population - strong rental demand in this area 100

Quality

Condition

Listing

43 photos provided - 13% more than the area average of 38 photos 92

6 of 7 key property details provided (86%) - comprehensive listing with excellent detail 86

* This property score is an approximate estimate based on publicly available data, nearby comparable listings, and automated analysis. Scores are for informational purposes only and should not be relied upon as professional appraisals or investment advice. Actual property values may vary. We recommend consulting a licensed real estate professional for accurate assessments.