55 Saginaw Crescent
Cityview - Parkwoods Hills - Rideau Shore, ON
- 7 bed
- 4 bath
- approx. 2000-2500 sqft
- Triplex
Rare Income Property with 3 Self-Contained Units, Strong Cash Flow Potential, Over 2,500 Sq. Ft. Rarely offered turnkey investment opportunity on a quiet, family-friendly crescent. This exceptionally spacious property offers over 2,500 sq. ft. of living space and is currently configured as three self-contained units, making it an ideal addition to any real estate portfolio.The property features: Main Floor Unit (Vacant): Approx. 1,500 sq. ft., 3 bedrooms, 1.5 bathrooms, providing immediate rental upside or the opportunity for owner occupancy while generating income from the other units. Upper Unit: 2 bedrooms, 1 bathroom, leased at $1,800/month (utilities included) until April 2027. Lower Unit: 2 bedrooms, 1 bathroom, rented at $1,990/month (utilities included) on a month-to-month basis. Excellent tenants who would be happy to remain. Investors will appreciate the extensive recent capital improvements, including a new furnace, tankless hot water system, and R60 attic insulation (2026), replacement of underground pipes, pool equipment upgrades, decks, fencing, and numerous additional updates that help reduce future maintenance costs. Outside, tenants enjoy a fully fenced backyard featuring a gated in-ground pool, a highly desirable amenity that enhances rental appeal. The property also offers 3-lane parking for up to 5 vehicles, adding further convenience and value. Whether maintaining the current multi-unit configuration for steady rental income, increasing rents over time, or converting back to a large single-family home, this property offers exceptional flexibility and long-term appreciation potential. Vacant main-floor unit allows immediate market rent positioning. A rare opportunity to acquire a well-maintained, income-generating asset with strong existing tenancy and significant upside potential. Book your private showing today!
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Listing Details
- Taxes (2026)
- $6,526
- Originally Listed
- $999,000
- Listed
- October 22, 2026
Price History
Listing history
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Property
- Style
- 2-Storey
- Age
- 51-99
- Construction
- Brick, Vinyl Siding
- Roof
- Asphalt Shingle
- Foundation
- Block, Concrete
- Interior
- Accessory Apartment, Auto Garage Door Remote, Floor Drain, In-Law Suite, On Demand Water Heater, Storage, Upgraded Insulation, Water Heater Owned
- Lot Size
- 65 x 100 Feet
Parking
- Garage
- Attached
- Covered Spaces
- 1
- Total Parking
- 6
Utilities
- Sewer
- Sewer
- Heat Source
- Gas
Location & Legal
- Cross Street
- Viewmount/Merivale
- Parcel Number
- 046640077
- Possession
- Immediate
- Occupancy
- Partial
Included
- Inclusions
- Appliances (3 stoves, 3 fridges, 2 dishwasher, 2 washer, 2 dryer), pool equipments
- Exclusions
- Tenant belongings
- Rental Items
- None
Schools
Elementary
- École élémentaire publique Omer-Deslauriers0.2 km
French public · CÉP de l'Est de l'Ontario · 150 students
- Frank Ryan Catholic Intermediate School0.4 km
Catholic · Ottawa CSB · 480 students
- École élémentaire catholique Laurier-Carrière0.7 km
French Catholic · CSDC du Centre-Est de l'Ontario · 430 students
Grade 3 reading: 78% met the provincial standard · Grade 6 math: 60% met the provincial standard
Secondary
- École secondaire publique Omer-Deslauriers0.3 km
French public · CÉP de l'Est de l'Ontario · 325 students
Grade 10 literacy: 88% met the provincial standard
- Merivale High School0.9 km
Public · Ottawa-Carleton DSB · 1440 students
Grade 10 literacy: 96% met the provincial standard
- Elizabeth Wyn Wood Secondary Alternate1.5 km
Public · Ottawa-Carleton DSB · 255 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 K2E
- Population
- 20,172
- Private dwellings
- 8,461
- Median age
- 40
- Average household size
- 2.4
- Median household income
- $89,000
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 Cityview - Parkwoods Hills - Rideau Shore · last 12 months
- Median sold price
- $595,000
- Homes sold
- 161
- Median days on market
- 18
- Sale-to-list price
- 97.8%
Based on 161 recorded sales of residential freehold properties in Cityview - Parkwoods Hills - Rideau Shore over the last 12 months.
Listed by
DETAILS REALTY INC.
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Location
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Mortgage Calculator
$179,998
Estimated Monthly Payment
$4,421
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: $4,421/mo (20% down, 5.5%)
Taxes: $544/mo · Insurance: $225/mo
Estimates only. Consult a financial advisor.
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