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For Sale

322-324 Queen Mary Street

3502 - Overbrook/Castle Heights, Overbrook - Castleheights and Area, ON
$825,000
14Bd
2Ba
1,300+sqft
4Parking
35.55 x 85.2 ftlot
$635/sqft
Semi-DetachedMLS# X12932772Listed 2026-03-2936 DOM
Basement
Finished

On the market for 36 days — longer than average. The seller may be open to negotiation.

About this home

CASH FLOWING legal rooming house on two adjacent, south-fronting lots offered together in one of Ottawa's fastest-growing urban cores. Providing significant holding income while you navigate the site plan process in the case of future development. 14 rooms each rented for $520/month+. Zoning supports high-intensity residential (apartments, stacked towns, or low-rise). Unbeatable location. Maximize your footprint by combining these separate titles or keep them independent for future resale flexibility.

Features

  • Carpet Free
  • Storage
  • Finished
  • Window Unit(s)
  • 2-Storey

Financials

Annual Taxes
$6,467

Estimated Rental Income

Entire property$4,500 – $7,000/mo
Rental yield6.5% – 10.2%

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

Market Data — Overbrook - Castleheights and Area

Days on market36 days
Buyer's MarketSeller's Market

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

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.

$825,000
322-324 Queen Mary Street, Overbrook - Castleheights and Area
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