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For Sale

479 Newman Avenue

3502 - Overbrook/Castle Heights, Overbrook - Castleheights and Area, ON
$799,900
2+1Bd
2Ba
900+sqft
4Parking
55.71 x 100 ftlot
$889/sqft
MultiplexMLS# X12930310Listed 2026-03-2773 DOM
Cooling
Central Air
Basement
Finished

On the market for 73 days — longer than average. The seller may be open to negotiation.

About this home

Development opportunity on a premium 55.71 ft x 100 ft lot located on a quiet cul-de-sac in the desirable Overbrook neighbourhood. Rare chance to acquire a well-sized lot in an established area experiencing ongoing redevelopment and strong growth. The existing 2+1 bedroom home with two full bathrooms and a finished basement is being sold strictly for land value. The property presents an excellent opportunity for redevelopment or a custom build in a neighbourhood seeing increasing new construction and investment (buyer to perform their own due diligence). Ideally situated in a location offering quick access to downtown Ottawa, the Rideau River, scenic walking and cycling pathways, parks, and green space. Close proximity to the University of Ottawa, St. Laurent Shopping Centre, schools, public transit, and Highway 417 adds to the strong redevelopment appeal of this central location. Property being sold in "as is, where is" condition. The seller makes no representations or warranties.

Cul-de-sac

Rooms

Main Floor
Living Room4.26 × 4.11 m
Dining Room4.11 × 2.43 m
Kitchen3.35 × 2.43 m
Primary Bedroom4.41 × 2.89 m
Bedroom 23.35 × 3.04 m
Bathroom0.00 × 0.00 m
Lower
Recreation6.09 × 3.35 m
Bedroom 33.20 × 2.89 m
Laundry3.81 × 2.89 m
Utility Room4.11 × 2.89 m
Other2.13 × 1.82 m
Bathroom0.00 × 0.00 m

Features

  • None
  • Full
  • Finished
  • Central Air
  • Bungalow

Financials

Annual Taxes
$4,157.45

Estimated Rental Income

Entire property$2,600 – $3,800/mo
Rental yield3.9% – 5.7%

*Estimates based on comparable rentals in the area. Actual income may vary.

Market Data — Overbrook - Castleheights and Area

Days on market73 days
Buyer's MarketSeller's Market

Based on active listings in Overbrook - Castleheights and Area. Data updates daily.

Our estimate for this home

Priced 76.9% above estimate
Estimated range
$418K$486K
Mid-point $452K · ~$502/sqft
How this listing compares
$418KList · $800K$486K
High confidence·Based on 261 gta-wide comparables

Estimated range is generated automatically from active comparables and is for informational purposes only. Not an appraisal — contact Aman for a full comparative market analysis that factors in condition, renovations, and positioning.

MLS® data courtesy of the Toronto Regional Real Estate Board (TRREB).

The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. Listing information is deemed reliable but is not guaranteed accurate by the Toronto Regional Real Estate Board, the listing brokerage, or this website. The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. MLS®, Multiple Listing Service®, and the associated logos are owned by CREA. Not intended to solicit properties currently listed for sale or buyers under contract.

$799,900
479 Newman Avenue, Overbrook - Castleheights and Area
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