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CAONNepean125 Norice St
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125 Norice St, Nepean, ON

House

For Sale

Listed price in listed location currency (CAD).
$924,900

524

MLS® X13182534

  • Key Facts
  • Description
  • Map

Key Facts

Type Single Family Residence
Levels Residential
Size -
Garage Detached
Taxes $4,761
Days Active 0
Lot Size 
Approx. Age 
MLS® Number X13182534

Property Address: 125 Norice St, Nepean, ON, K2G2Y2

Average square foot calculated using Size range provided by listing agent.

Description

We are pleased to present an exceptional investment opportunity featuring strong immediate cash flow and significant future development potential. This updated, well-maintained bungalow includes a legal secondary unit and is situated on a prime 146 ft x 170 ft oversized lot in the desirable Crestview/Meadowlands community. The property generated a gross monthly income of $ 4, 000, yielding a net annual income of over $48, 000. Key highlights include: the upper level: renovated with three generous bedrooms, a modern open-concept kitchen, a four-piece bathroom, in-unit laundry, gleaming hardwood flooring and LED lighting throughout, and a bright living space. The lower level features in law unit suite with a separate entrance, two bedrooms, a three-piece bath, its own dedicated laundry facility, new laminate flooring, raw marble kitchen counters in the kitchen and bathroom, plus a sleek open-concept layout with high-end finishes. This fabulous home sits on an oversized corner fenced and hedged lot, featuring a large 2-car detached garage, an interlock patio ideal for summer enjoyment and entertaining. Location: Ideally situated within walking distance of Algonquin College, the future LRT station, the shops at College Square and easy access to the 417 Highway. The property is also steps away from convenient bus service, parks, and St. Gregory's Elementary School. Beyond the current rental income, the newly proposed Minor Corridor 2 (CM2) zoning unlocks significant development potential. This may allow for a four-story building with a footprint of over 5, 500 sq. ft., potentially providing more than 25, 000 sq. ft. of total living space. (Note: All development potential must be verified with the City of Ottawa. This is a rare opportunity to secure a high-yielding asset while positioning for exceptional future returns. Please let me know if you would like to schedule a viewing or if I can provide further details.
MLS® NumberX13182534
Laundry Level
Central VacNo
FireplaceYes
Acreage
Exterior
GarageDetached
Approx. Age
BasementFinished, Separate Entrance, Full, Apartment
DrivewayGarage Type:Detached
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

May 27, 2026List Date
$924,900List Price

Home Estimate Zoopraisal®

This property is estimated to sell between: $764,000 and $1,006,000.
Similar properties in this area sold on average for: $764,222
Expected to sell in 28 days. Similar properties sold in 28 days. This home has been on Zoocasa for 0 days.

The estimated sale price does not take into account many variables such as recent renovations, type of appliances, school district etc. To get a more accurate estimate please contact agent.

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Starting Address
Destination Address
125 Norice St, Nepean, ON

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