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CAONOttawaWestboro391 Greenwood Ave
Listing image | Image 1

391 Greenwood Ave, Ottawa, ON

House

For Sale

Listed price in listed location currency (CAD).
$1,199,999

638

MLS® X13812090

Overview

Key Facts

Type Triplex
Levels Residential
Size -
Garage None
Taxes $7,620
Days Active 0
Lot Size 
Approx. Age 
MLS® Number X13812090

Property Address: 391 Greenwood Ave, Ottawa, ON, K2A0X4

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

Description

Prime Westboro Income Opportunity! An exceptional chance to own a fully updated, all-brick legal duplex with a fully permitted basement secondary dwelling unit, offering three self-contained two-bedroom units in one of Ottawa's most sought-after urban neighbourhoods. Set on a generous 49.02' x 66.0' lot, this income property combines strong cash flow, quality upgrades, and long-term upside. Each unit is separately hydro-metered and equipped with air conditioning, while two driveways provide valuable on-site parking for all the tenants. The property generates approximately $80, 400 in annual gross rental income. Based on seller-provided operating expenses, the estimated Net Operating Income is approximately $60, 775.63 per year, representing an estimated 5.07% cap rate. With refreshed interiors, solid in-place income, and a premium Westboro location close to shops, transit, parks, schools, beach and everyday amenities, this is a compelling opportunity for investors seeking immediate income with future growth potential. The property may also offer additional intensification possibilities, including the potential for another secondary dwelling unit or coach house/garden-suite-style development, subject to applicable zoning, planning, building code requirements, and municipal approvals. Buyer to independently verify all permitted uses and development potential. ps: The listing photos are of Apartment #1 only and were taken before the tenants moved in. Apartment #2 offers a similar layout and finish. The basement unit is approximately 200 sq. ft. smaller than the other units and includes two bedrooms, a full bathroom, kitchenette, living room, furnace room, mechanical room, and laundry room.
MLS® NumberX13812090
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
GarageNone
Approx. Age
BasementSeparate Entrance
DrivewayGarage Type:None
Garage Spaces
HeatGas, Forced Air
A/CCentral Air

Extras

Price History

Last Sold Price

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Appreciation

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Avg. Days Listed

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Today, For Sale for $1,199,999

For Sale · 0 days

$1,199,999

MLS® X13812090

21 hours ago

Not Sold Yet

October 2026, Canceled for $1,449,000

Canceled · 148 days

$1,449,000

MLS® X13112884

In 14 days

Canceled on Oct 7, 2026

September 2026, For Sale for $1,199,999

For Sale · 0 days

$1,199,999

MLS® X13812090

21 hours ago

Not Sold Yet

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How Much House Can I Afford?

Home Estimate Zoopraisal®

This property is estimated to sell between: $1,199,000 and $1,843,000.
Similar properties in this area sold on average for: $1,628,666
Expect to pay over asking. 67% of similar properties sold for more than the asking price.
Expected to sell in 13 days. Similar properties sold in 13 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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