391 Greenwood Avenue
Carlingwood - Westboro and Area, ON
- 6 bed
- 3 bath
- approx. 1500-2000 sqft
- Triplex
Discover an excellent investment opportunity in sought-after Westboro! This all-brick property features three permitted, self-contained two-bedroom residential units, offering an attractive combination of location, rental income, and long-term investment potential. With approximately $81,600 in seller-reported annual gross rental income, the property presents an opportunity for investors seeking an established rental property or owner-occupiers looking to benefit from additional rental income. The building consists of a legal duplex complemented by a permitted basement secondary dwelling unit. The basement suite features a simpler, more functional finish than the upper apartments, adding versatility to the property's rental configuration. Situated on a 49.02' x 66' lot, the property features separate hydro meters, air conditioning, two driveways, coin-operated laundry, a six-camera surveillance system with DVR and a storage shed. Recent reported improvements include heating equipment, windows, electrical and plumbing upgrades, and renovations to the upper apartments. Enjoy a prime Westboro location close to shopping, restaurants, schools, public transit, parks and recreational amenities. An established multi-unit income property in one of Ottawa's most desirable neighbourhoods. Financial and property information available for review.
Listing Details
- Taxes (2025)
- $7,620
- Listed
- September 21, 2026
Price History
Listing history
Sign in to view
Property
- Style
- 2-Storey
- Construction
- Brick
- Roof
- Asphalt Shingle
- Foundation
- Concrete Block
- Interior
- Carpet Free, Separate Hydro Meter, Sump Pump, Water Heater
- Lot Size
- 49 x 66 Feet
Parking
- Garage
- None
- Covered Spaces
- 0
- Total Parking
- 6
Utilities
- Sewer
- Sewer
- Heat Source
- Gas
Location & Legal
- Cross Street
- Roosevelt Avenue and Melbourne Avenue
- Parcel Number
- 040110054
- Possession
- Flexible
- Occupancy
- Tenant
Included
- Inclusions
- All Appliances, six-camera surveillance system with DVR, and storage shed
- Exclusions
- Tenants belongings
- Rental Items
- 2 HWT
Schools
Elementary
- Notre Dame Intermediate School0.5 km
Catholic · Ottawa CSB · 250 students
- Broadview Public School0.5 km
Public · Ottawa-Carleton DSB · 865 students
Grade 3 reading: 87% met the provincial standard · Grade 6 math: 53% met the provincial standard
- Churchill Alternative School0.9 km
Public · Ottawa-Carleton DSB · 200 students
Grade 3 reading: 93% met the provincial standard · Grade 6 math: 62% met the provincial standard
Secondary
- Notre Dame High School0.6 km
Catholic · Ottawa CSB · 430 students
Grade 10 literacy: 83% met the provincial standard
- Nepean High School0.6 km
Public · Ottawa-Carleton DSB · 1270 students
Grade 10 literacy: 94% met the provincial standard
- St Nicholas Adult High School1.7 km
Catholic · Ottawa CSB · 620 students
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 K2A
- Population
- 17,156
- Private dwellings
- 7,738
- Median age
- 47.2
- Average household size
- 2.2
- Median household income
- $105,000
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 Carlingwood - Westboro and Area · last 12 months
- Median sold price
- $1,069,950
- Homes sold
- 138
- Median days on market
- 22
- Sale-to-list price
- 98.4%
Based on 138 recorded sales of residential freehold properties in Carlingwood - Westboro and Area over the last 12 months.
Listed by
INNOVATION REALTY LTD.
Walk Score
Walk Score is unavailable for this address right now.
Location
Street View
Mortgage Calculator
$240,000
Estimated Monthly Payment
$5,895
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: $5,895/mo (20% down, 5.5%)
Taxes: $635/mo · Insurance: $300/mo
Estimates only. Consult a financial advisor.
Reita | Assistant
Online
Reita is an automated assistant, not a licensed real estate agent. This listing mentions legal duplex. I can help you explore neighbourhoods, understand the market, and find our free tools. What are you looking for?