Listed for:Listed 2 days ago
$375,000

324 Queen Mary Street

Ottawa (Overbrook/Castle Heights), ON K1K 1W9

Semi-Detached House For Sale
Kim Karimi
Kim Karimi

Real Estate Broker

416-838-3031
Down Payment AssistanceGet Best Mortgage Rates

Sale & Price History for 324 Queen Mary Street, Ottawa, Overbrook/Castle Heights

No listing history available

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*Sold prices and complete sale & price history are regulated data. Under the Trust in Real Estate Services Act, 2002 (TRESA) and the rules of the Real Estate Council of Ontario (RECO), and pursuant to the Multiple Listing Service® rules of the Canadian Real Estate Association (CREA) and the Toronto Regional Real Estate Board (TRREB), this information may be shown only to registered users who have agreed to the applicable terms of use (a Virtual Office Website, or "VOW," arrangement). HOMEH Inc., Brokerage therefore provides it to signed-in members only. Creating an account is free and takes under a minute.

About 324 Queen Mary Street, Ottawa, Overbrook/Castle Heights

Summarized Description

  • Legal rooming house with cash flow potential.
  • 14 rooms rented at $520/month or more.
  • Located on two adjacent south-fronting lots.
  • Zoning allows for high-intensity residential development.
  • Significant holding income during site planning.
  • Unbeatable location in a growing urban core.
  • Flexibility to combine or keep titles separate.

CASH FLOWING legal rooming house on two adjacent, south-fronting lots offered together in one of Ottawa's fastest-growing urbancores. Providing significant holding income while you navigate the site plan process in the case of future development. 14 rooms eachrented 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.

Key Facts & Features

Property Costs

Annual Property Tax Amount
$3,240
Land Transfer Tax Fee
$4,100

Rental Items

Rental Equipment
2 x Hot Water Tanks

Basement Type
Finished

Interior Features

Interior Extras
Carpet Free, Storage
Fireplace/Stove
No
Elevator
No

Exterior Features

Pool
None

Building

Building Type
Semi-Detached
Building Style
2-Storey

Construction

Exterior Finish
Brick
Roof
Asphalt Shingle
Foundation Details
Poured Concrete
Special Designation
Unknown

Lot

Lot Front
35.95 ft
Lot Depth
85.21 ft

Inclusions

Inclusions
14 mini fridges, 14 dressers

Exclusions

Exclusions
Tenant belongings

Parking & Garages

Garage Type
None
Garage Spaces
0
Parking Spaces
4
Total Garage And Parking Spaces
4

Heating & Cooling

Heat Source
Gas
Heat Type
Forced Air
Air Conditioning
Window Unit(s)
Water
Municipal
Sewers
Sewer

Bedrooms
14
Washrooms
2
Kitchens
2

Washrooms

  • 3-piece
  • 4-piece

Municipality
Ottawa
Neighbourhood
Overbrook/Castle Heights
Main cross streets
Lola St
Zoning
N4B H(11)
Directions
From Vanier Pkwy, head East directlyonto Queen Mary St. Continuestraight past the intersection at Lola St. House is on your left

MLS® number
X14089806
Data source
Toronto Regional Real Estate Board
Listed on
2026-10-15
Updated on
2026-10-17
Days on market
2 days
Possession type
30-59 days
Co-op commission
2%
Seller
Listed by
ROYAL LEPAGE INTEGRITY REALTY

Home Market Value

Current home valuation for 324 Queen Mary Street, Ottawa, Overbrook/Castle Heights, Ottawa, ON. Listed for $375,000

HOMEH Estimate

?

$450,000

Estimated Sales Range

?

$270,000 - $630,000

HOMEH Estimate for 324 Queen Mary Street, Ottawa, Overbrook/Castle Heights

Calculated with a real agent's CMA method — 45+ years of experience, codified. Not an AI guess.

$450,000Low confidence
Based on 2 comparable properties
− $75,000 (17%) below our estimate — Good deal!
See the full analysisFree Every recent nearby sale behind this number

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Mortgage Payment Calculator

Compare up to 4 down payment scenarios

$
Ottawa, ON
Minimum Down Payment Required:5.0%

5% of purchase price for homes $500K or less

Minimum down payment

$18,750

Scenario 1 Scenario 2 Scenario 3 Scenario 4
−Down payment
%
$
%
$
%
$
%
$
+CMHC insurance
$14,250$10,463$8,925$0
=Total mortgage
$370,500$347,963$327,675$300,000
Amortization
Mortgage rate
%
%
%
%
Payment frequency
=Mortgage payment
$1,809monthly$1,699monthly$1,600monthly$1,465monthly
Are you a first time home buyer?

Land Transfer Tax

Provincial

$4,100

Total Land Transfer Tax

$4,100

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