Welcome to 2393 Sheldon Avenue - this beautifully renovated 3+3 bedroom 1+1 bathroom all-brick bungalow with a LEGAL secondary dwelling unit, is perfectly situated on a quiet, mature, tree-lined street in the highly sought-after community of Queensway Terrace South. Extensively updated from top to bottom, these open concept units offer exceptional flexibility for investors, multigenerational families, or owner-occupiers looking to live in one unit while renting the other. The home has been substantially upgraded with brand-new kitchens, separate hydro meters, pex plumbing, appliances, bathrooms, engineered hardwood flooring on the main level, new lower-unit windows, quartz countertops, a new driveway, extensive landscaping, and much more. The upper unit is expected to rent for $2,900/month, while the lower unit is expected to rent for $2,700/month, generating projected gross income of approximately $67,200 annually and estimated net income of approximately $58,000 - representing a massive 6.6% cap rate. Enjoy the convenience of easy access to Highway 417, nearby shopping, restaurants, professional services, public transit, parks, schools, and everyday amenities. The spacious, tree-lined backyard offers a private and peaceful setting for outdoor living and relaxation. Whether you are looking for a strong income-producing asset, a flexible intergenerational home, or a turnkey property in a desirable central location, 2393 Sheldon Avenue is a fantastic opportunity in one of Ottawa's most established neighborhoods.
Address
2393 Sheldon Avenue
List Price
$879,900
MLS® Status
New
Property Type
Residential Freehold
Type of Dwelling
Detached
Style of Home
Bungalow
Transaction Type
Sale
Area
Parkway Park - Queensway Terrace S and Area
Sub-Area
6303 - Queensway Terrace South/Ridgeview
Region
Ottawa
Bedrooms
3 + 3
Bedrooms (Total)
6
Rooms Above Grade
9
Rooms Below Grade
9
Bathrooms
2
Floor Area
1100-1500 Sq. Ft.
Lot Size Source
MPAC
Lot Depth
106.28
Lot Size Units
Feet
Lot Width
58
Parcel Number
039490124
Occupant Type
Vacant
Cross Street
Baseline Road & Southwood Drive
MLS® Number
X13537928
Listing Brokerage
EXP REALTY
Basement Area
Apartment, Finished, Full
Postal Code
K2C 1K4
Parking Places (Total)
7
Parking Spaces
7
Tax Amount
$4,614.00
Tax Year
2025
Site Influences
Park, Public Transit, Rec./Commun.Centre, School
Interior Features
Primary Bedroom - Main Floor, Separate Hydro Meter, Storage, Upgraded Insulation, Water Heater
Property Features
Park, Public Transit, Rec./Commun.Centre, School
Cable
Available
Central Vacuum
No
Family Room
No
Hydro
Yes
Ensuite Laundry
No
Special Designation
Unknown
Standard Status
Active
Board Or Association
Ottawa Real Estate Board
Heat Source
Gas
Heat Type
Forced Air
Cooling Features
Central Air
Construction Materials
Brick
Direction Faces
North
Fireplace
Yes
Fireplace Features
Wood
Foundation Details
Poured Concrete
Garage
No
Garage Type
None
Kitchens Total
2
Kitchens Above Grade
1
Kitchens Below Grade
1
Other Structures
Shed, Storage
Pool Features
None
Roof
Asphalt Shingle
Tax Legal Description
LT 408, PL 394911 ; OTTAWA/NEPEAN
Security Features
Smoke Detector, Carbon Monoxide Detectors, Other
Waterfront
No
Waterfront
None
Sewer
Sewer
