Homula Realty Brokerage
The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose.

551 Edison Avenue, Carlingwood - Westboro and Area, ON K2A 1V5

Vacant Land
$699,000

{Intro} Corner lot with existing foundation in the heart of Westboro - one of Ottawa's most in-demand urban neighbourhoods. The site occupies a corner position at Edison Ave & Princeton Ave, offering east-facing frontage & strong visibility in a community with consistent builder demand. Zoned R4UA. Buyers are encouraged to verify all permitted uses & development options with the City of Ottawa before preparing any offer. {The Lot} 2,759.97 sq ft of irregular corner land. Lot dimensions: 65.88'x40.15'x13.96'x56.08'x50.04' - a workable footprint for a custom build or multi-unit project, subject to applicable approvals. All utilities available at the lot: gas, hydro, cable & telephone. Corner lots offer added frontage & flexibility that mid-block sites don't - worth factoring into any design review. Immediate possession. {Foundation} Existing foundation in place. Prior architectural plans were prepared for a proposed 3-storey luxury residence of approx. 2,400 sq ft above grade - Seller makes no representations or warranties regarding those plans, approvals, zoning, permits, or specifications. Sold as vacant land with existing foundation only. Buyers to conduct their own due diligence & rely on their own consultants. 1-yr vendor financing available at 5.49% w/ 25% down, 730+ credit, no income verification required - terms apply. {Location} Westboro is consistently ranked among Ottawa's most walkable urban communities. Richmond Rd runs nearby with a dense strip of independent restaurants, cafes & boutiques. Westboro Beach & the NCC Ottawa River Pathway are within walking distance. Parks include Roy Duncan Park, Lions Park & Westboro Kiwanis Park. Schools across public & Catholic boards in the immediate area. O-Train Confederation Line (Westboro Station) - downtown Ottawa under 15 min by transit. Hwy 417 is minutes south - downtown by car in under 10 min, Ottawa International Airport approx. 20 min.

MLS number
X13410612
Type
Vacant Land
Status
Active
Bedrooms
0
Bathrooms
0
Postal code
K2A 1V5
Photos
13
Laundry
Not in the unit
98days · this listing
Total days on market across every earlier listing of this propertyRegistration and sign-in required

This listing’s own days on market are shown above. How long the property has been for sale across every earlier listing is drawn from records the board releases only to registered users — a free account opens it, along with the sale history below.

Listing history

This address has been listed 3 times.

Sale history is for registered usersSee what this address sold for and when, across all 3 listings. Free account — the board’s rules require one before sold data can be shown.Create a free account

Where this property is

Where this address sits, matched against open government data.

Matched to a published address point for this address.

Schools

The school boundaries this address is inside, and the schools nearest it. Boards redraw boundaries and cap programs — confirm with the board before this affects a decision.

Other schools nearby

By distance from this address, not school boundary — a school 400 m away can be in another school’s attendance area.

SchoolLevelDistanceRating
Churchill Alternative School
Ottawa-Carleton DSB
Elementary427 m7.7 / 10
77% met the standard
Broadview Public School
Ottawa-Carleton DSB
Elementary686 m8.1 / 10
81% met the standard
Nepean High School
Ottawa-Carleton DSB
Secondary681 m8.5 / 10
85% met the standard · 2 of 6 measures
Notre Dame Intermediate School
Ottawa CSB
Elementary903 mNot reported
Notre Dame High School
Ottawa CSB
Secondary987 m6.9 / 10
69% met the standard · 2 of 6 measures
Hilson Avenue Public School
Ottawa-Carleton DSB
Elementary1.1 km7.9 / 10
79% met the standard
How the rating is calculated

EQAO — Ontario’s testing agency — publishes, for each school, the percentage of students meeting the provincial standard in Grade 3 and Grade 6 reading, writing and mathematics. The rating is the average of those percentages divided by ten. A school where 72% of students met the standard rates 7.2 out of 10.

Nothing is weighted or adjusted, and schools are not ranked against each other. Where EQAO withholds a result to protect the privacy of a small group of students, that measure is left out rather than counted as zero — so a rating built on fewer than six measures says so.

What it does not measure. It is one year of standardised testing in three subjects. It says nothing about teaching, programs, or whether a school suits a particular child, and it tracks neighbourhood household income closely enough that it partly measures the neighbourhood rather than the school. Treat it as one figure among many.

Source: Ontario Ministry of Education, School Information and Student Demographics (2024–25), Open Government Licence – Ontario.

H-Value

our estimate of this home is for registered usersWhat comparable homes nearby actually sold for, worked into an estimate for this one — with the range it sits in and how far the method has been off in testing.Create a free accountAlready have one? Sign in.

This neighbourhood

Statistics Canada 2021 Census, for the surrounding few blocks — about 788 people.

$180,000Median household income
82.5%Own their home
60.7%Detached houses
43.2Median age
9.3%Born outside Canada
60.3%University degree

The neighbourhood, by the census

Statistics Canada 2021 Census for dissemination area 35061751 — the few blocks around this address, home to 788 people. It describes the area, not this property.

788Population
40.4Average age
2.7Household size
$212,000Average household income
$180,000Median household income
83%Own their home
18%Rent
0%Condominiums
9%Born outside Canada
60%University degree
$1,170,000Average home value
3%Low income
55%Not in the labour force
31%Never married
$45,000 to $49,9992%
$50,000 to $59,9991%
$60,000 to $69,9992%
$70,000 to $79,9992%
$80,000 to $89,9993%
$90,000 to $99,9991%
$100,000 and over43%
$100,000 to $124,9996%
$125,000 to $149,9996%
$150,000 to $199,9997%
$200,000 and over26%

Percentages are of the 495 responses in this category. Statistics Canada rounds counts and withholds small ones to keep individuals unidentifiable, so categories with too few people to publish are absent rather than shown as zero.

Source: Statistics Canada, 2021 Census of Population. Contains information licensed under the Open Government Licence – Canada.

Work out the numbers

Everything below is calculated in your browser from figures you can change. Nothing is sent anywhere.

$139,800 · minimum here is $44,900
$3,095.02per month
Borrowed before insurance$559,200
Total borrowed$559,200
Interest over 25 years at 4.5%$369,306

If you rented it out

-$3,095.02per month out of pocket
Rent$0.00
Everything it costs to hold$3,095.02
How this is calculated, and what it leaves out

Canadian fixed-rate mortgages compound semi-annually, not monthly, so the monthly rate here is (1 + rate/2)1/6 − 1. Most calculators use rate ÷ 12, which is the American convention and overstates the payment by tens of dollars a month.

Below 20% down, default insurance is mandatory and is added to the loan rather than paid at closing: 2.80% at 85% loan-to-value, 3.10% at 90%, 4.00% at 95%. It is unavailable at or above $1.5M, which is why 20% is a hard floor there.

Not included: vacancy, property management, capital repairs, income tax, and the fact that a lender qualifies you at a stress-test rate rather than the one you are quoted. This is arithmetic on the numbers above, not a mortgage approval or an opinion of what you can afford.

Listed by CITYSCAPE REAL ESTATE LTD.. Listing data provided by the Toronto Regional Real Estate Board.