522/524 Bay Street
Ottawa (Ottawa Centre), ON K1R 6B5
- 6Bedrooms
- 5Bathrooms
- 0Parking
- 3000–3500Sq Ft
- $11,303Tax
- 41×71 ftLot Size
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Free Home EvaluationHow Much Is My Home Worth?Homes for Sale NearbySale & Price History for 522/524 Bay Street, Ottawa, Ottawa Centre
| Start Date | End Date | Price | Event | MLS# |
|---|---|---|---|---|
| 2025-05-21 | 2025-07-08 | Login to See Prices | Sold | x12164246 |
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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 522/524 Bay Street, Ottawa, Ottawa Centre
Attention savvy investors! Welcome to #522/524 Bay Street, an incredible opportunity to own a well-maintained fourplex in the heart of Centretown! Ideally located on a quiet cul-de-sac just steps from Bank Street, the Glebe and the downtown core. This low-maintenance building offers two bright and airy 2-bed units plus two generous 1-bed units, each with access to sprawling unfinished basement space and excellent storage. Tenants enjoy in-suite laundry, private outdoor spaces, and exceptional walkability to shops, restaurants, transit, and amenities. Uniquely versatile, this rare offering provides option to maintain the current 4-unit layout, owner occupy unit 1-524 as a pied-de terre, set your own rent with a future tenant or explore the option to sever the property into two parcels (each half of the building has its own water supply and sewer line). With stable tenants and minimal groundskeeping, this established income property is a healthy addition to any portfolio with a strong cap rate. Invest confidently in one of Ottawas most sought-after rental locations. Some photos virtually staged. 24 hours irrevocable on all offers.
Key Facts & Features
Property Costs
- Annual Property Tax Amount
- $11,303
- Land Transfer Tax Fee
- $16,255
Rental Items
- Rental Equipment
- 4 x Hot Water Tanks
- Under Contract
- Hot Water Heater
- Basement Type
- Full, Unfinished
Interior Features
- Interior Extras
- None
- Fireplace/Stove
- No
- Elevator
- No
Exterior Features
- Exterior Extras
- Patio, Porch
- Pool
- None
Building
- Building Type
- Multiplex
- Building Style
- 2-Storey
- Approx Age
- 100+
Construction
- Exterior Finish
- Brick
- Roof
- Tar and Gravel, Asphalt Rolled
- Foundation Details
- Stone
- Special Designation
- Unknown
Lot
- Lot Front
- 40.67 ft
- Lot Depth
- 71.00 ft
Inclusions
- Inclusions
- 4 x Fridges, 4 x Stoves, 2 x Washers, 2 x dryers, 2 x washer/dryer combos, 1x dishwasher, 4x hoodfans
Exclusions
- Exclusions
- Tenants Belongings
Parking & Garages
- Garage Type
- None
- Garage Spaces
- 0
- Parking Spaces
- 0
- Total Garage And Parking Spaces
- 0
Heating & Cooling
- Heat Source
- Gas
- Heat Type
- Forced Air
- Air Conditioning
- None
- Water
- Municipal
- Sewers
- Sewer
- Natural Gas
- Yes
- Hydro
- Yes
- Cable
- Yes
- Telephone
- Yes
- Bedrooms
- 6
- Washrooms
- 5
- Kitchens
- 4
Room sizes
- Foyer—Main level
- Living Room—Main level, Combined w/Dining
- Bathroom—Main level, 3 Pc Bath
- Kitchen—Main level, W/O To Patio
- Primary Bedroom—Main level, Closet
- Utility Room—Basement level, Combined w/Laundry, Unfinished
- Other—Basement level, Unfinished
- Living Room—Second level, Combined w/Dining, Closet
- Primary Bedroom—Second level, Closet
- Bedroom 2—Second level, Closet
- Bathroom—Second level, 3 Pc Bath
- Kitchen—Second level, W/O To Deck, Combined w/Laundry
- Living Room—Main level, Combined w/Dining
- Primary Bedroom—Main level, Closet
- Bathroom—Main level, 3 Pc Bath
- Kitchen—Main level, Eat-in Kitchen, W/O To Patio, B/I Dishwasher
- Other—Basement level, Finished, Tile Floor
- Furnace Room—Basement level, Unfinished
- Bathroom—Basement level, 2 Pc Bath, Partly Finished
- Laundry—Basement level, Unfinished
- Other—Basement level, Unfinished
- Living Room—Second level, Combined w/Dining, Closet
- Primary Bedroom—Second level
- Bedroom—Second level, Closet
- Bathroom—Second level, 3 Pc Bath
- Kitchen—Second level, Eat-in Kitchen, W/O To Deck, Combined w/Laundry
Washrooms
- 3-piece
- 2-piece
- Municipality
- Ottawa
- Neighbourhood
- Ottawa Centre
- Main cross streets
- Bay and McLeod
- Zoning
- R4S
- Directions
- Bay is 1 way North Bound. Lyon to Arlington to Bay or Percy to Flora to Bay
- MLS® number
- X12164246
- Data source
- Toronto Regional Real Estate Board
- Status change
- 2025-07-08
- Listed on
- 2025-05-21
- Days on market
- 48 days
- Possession type
- Immediate
- Co-op commission
- 2.0%+HST
- Seller
- Listed by
- ROYAL LEPAGE PERFORMANCE REALTY
Home Market Value
Current home valuation for 522/524 Bay Street, Ottawa, Ottawa Centre, Ottawa, ON. Listed for $989,000
HOMEH Estimate
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Estimated Sales Range
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HOMEH Estimate for 522/524 Bay Street, Ottawa, Ottawa Centre
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Mortgage Payment Calculator
Compare up to 4 down payment scenarios
5% on first $500K + 10% on $489,000 over $500K
$73,900
| Scenario 1 | Scenario 2 | Scenario 3 | Scenario 4 | |
|---|---|---|---|---|
−Down payment | % $ | % $ | % $ | % $ |
+CMHC insurance | $36,593 | $27,593 | $23,538 | $0 |
=Total mortgage | $951,418 | $917,693 | $864,188 | $791,200 |
Amortization | ||||
Mortgage rate | % | % | % | % |
| Payment frequency | ||||
=Mortgage payment | $4,645monthly | $4,481monthly | $4,219monthly | $3,863monthly |
Land Transfer Tax
$16,255
$16,255
Around this home
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