125 Norice Street
Meadowlands - Crestview and Area, ON
- 5 bed
- 2 bath
- approx. 700-1100 sqft
- Detached
Welcome to 125 Norice St, a beautifully maintained bungalow set on an oversized lot in a highly convenient central location. This is a rare turnkey opportunity that combines strong rental income, immediate cash flow, and outstanding long-term upside. The main-floor unit is bright, inviting, and thoughtfully designed with an open-concept layout that enhances both space and flow. The modern kitchen offers generous cabinetry and workspace, seamlessly connecting to the spacious living room and adjoining dining area-perfect for everyday living or entertaining. Three well-proportioned bedrooms, a full bathroom, and convenient in-unit laundry complete this level. The fully finished lower-level, non-conforming Secondary Dwelling Unit (SDU) features its own private entrance and a well-designed open-concept kitchen, dining, and living area. With comfortable bedrooms, a full bathroom, and separate laundry, this unit is fully self-contained and highly functional. Whether used for rental income, extended family living, or personal flexibility, it offers exceptional versatility. This property is already a proven income generator, producing approximately $4,500 per month in total rental income, with $2,500 from the upper unit and $2,000 from the lower unit. In addition, wide driveway, 2-car separate garage, and strong curb appeal. The expansive oversized lot provides abundant outdoor space and also presents exciting potential for future development or expansion, subject to municipal approvals. Whether you're an investor seeking a reliable cash-flowing asset, a homeowner looking to significantly offset your mortgage, or a buyer in need of a flexible multi-generational setup, 125 Norice St delivers on every level. Located close to schools, parks, shopping, public transit, and everyday amenities, this property offers the perfect blend of comfort, convenience, and investment. Pre-Inspection report available by owner upon request.
Listing Details
- Taxes (2025)
- $4,761
- Listed
- August 13, 2026
Price History
Listing history
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Property
- Style
- Bungalow
- Construction
- Brick
- Roof
- Asphalt Shingle
- Foundation
- Concrete
- Interior
- None
- Lot Size
- 146 x 170 Feet
Parking
- Garage
- Detached
- Covered Spaces
- 2
- Total Parking
- 6
Utilities
- Sewer
- Sewer
- Heat Source
- Gas
Location & Legal
- Cross Street
- Meadowlands at Norice Street
- Parcel Number
- 046720086
- Possession
- Flexible
- Occupancy
- Vacant
Included
- Inclusions
- 2 x Refrigerator, 2 x Stove, 2 x Washer, 2 x Dryer, Dishwasher, Window Blinds
Schools
Elementary
- St Gregory Elementary School0.3 km
Catholic · Ottawa CSB · 435 students
Grade 3 reading: 68% met the provincial standard · Grade 6 math: 51% met the provincial standard
- Meadowlands Public School0.9 km
Public · Ottawa-Carleton DSB · 450 students
Grade 3 reading: 64% met the provincial standard · Grade 6 math: 35% met the provincial standard
- Merivale Intermediate School1.6 km
Public · Ottawa-Carleton DSB · 320 students
Secondary
- Launch Secondary School1.1 km
Public · Ottawa-Carleton DSB
- Sir Guy Carleton Secondary School1.4 km
Public · Ottawa-Carleton DSB · 315 students
Grade 10 literacy: 42% met the provincial standard
- Merivale High School1.5 km
Public · Ottawa-Carleton DSB · 1440 students
Grade 10 literacy: 96% met the provincial standard
Straight-line distance. Nearby schools are not necessarily the assigned schools — confirm catchment with the school board. Scores are EQAO provincial test results for 2024-2025.
Community
Postal area K2G
- Population
- 50,692
- Private dwellings
- 18,451
- Median age
- 40
- Average household size
- 2.8
- Median household income
- $114,000
Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.
Local market
Residential Freehold in Meadowlands - Crestview and Area · last 12 months
- Median sold price
- $740,000
- Homes sold
- 83
- Median days on market
- 19
- Sale-to-list price
- 98.1%
Based on 83 recorded sales of residential freehold properties in Meadowlands - Crestview and Area over the last 12 months.
Rooms
4-piece on Main, 4-piece on Lower
Main
- Bathroom7'1" x 4'1"
- Bedroom 210'10" x 8'6"
- Bedroom 38'7" x 8'4"
- Dining Room9'6" x 8'
- Kitchen13'1" x 11'7"
- Living Room19'1" x 11'9"
- Primary Bedroom11'1" x 10'11"
Listed by
GRAPE VINE REALTY INC.
Walk Score
Walk Score is unavailable for this address right now.
Location
Street View
Mortgage Calculator
$159,000
Estimated Monthly Payment
$3,906
Land transfer tax
Ontario land transfer tax only. An estimate — not legal or financial advice. Municipal land transfer tax applies in Toronto and is not included.
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $3,906/mo (20% down, 5.5%)
Taxes: $397/mo · Insurance: $199/mo
Estimates only. Consult a financial advisor.
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