Score
0Ottawa, ON
1817 Mickelberry Cres
915K
4 beds
3 baths
4 bd • 3 ba • sf
This analysis was generated on 1/24/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.
List Price
$914,900
Price/Sq.Ft
$914,900
Year Built
AI Property Analysis
A comprehensive evaluation of this property's features, market position, and investment potential.
The Good
This property in Orleans, Ottawa, offers several attractive features. The 4-bedroom, 3-bathroom layout is spacious and well-suited for families, with the average 4-bedroom rental rate in Ottawa at $2,470/month suggesting strong rental potential. The home boasts high-end finishes including granite counters, solid wood cabinetry, and stainless steel appliances, which typically command a 5-10% premium in resale value. The double car garage is a significant asset, as only 68% of Ottawa homes have this feature. The unspoiled basement provides potential for additional living space, which could add 20-30% more usable square footage. The property's location in Orleans, known for its family-friendly atmosphere and good schools, aligns well with Ottawa's median household income of $88,609, suggesting a good fit for the target market.
The Bad
The listing price of $914,900 is approximately 22% above Ottawa's average home price of $750,000, which may limit the pool of potential buyers. The exact square footage is unknown, making it difficult to assess the price per square foot and compare it directly to market averages. The property's age is not specified, which raises concerns about potential hidden maintenance issues or outdated systems. The basement is currently unfinished, which means additional investment would be required to maximize the home's potential. Orleans, while family-friendly, is located about 22 km east of downtown Ottawa, which may be a drawback for commuters working in the city center.
The Ugly
Ottawa's real estate market has shown signs of cooling, with prices decreasing by 5.6% year-over-year as of May 2023. This trend could impact future appreciation potential. The property's location in Orleans may be affected by the city's ongoing LRT expansion, which could cause short-term disruptions but potentially increase property values in the long term. Ottawa's winters are harsh, with average January temperatures of -10°C, which could lead to higher heating costs and potential weather-related maintenance issues. The listing mentions "some photos virtually staged," which raises questions about the actual current condition of certain areas of the home.
Who is this property for?
These details are presented solely for entertainment purposes and are not meant to steer or limit any prospective buyer.
Best For
This property is best suited for families with a household income of $150,000+ annually, based on the 32% front-end ratio for the $914,900 price point. It's ideal for those prioritizing space and modern amenities, particularly families with 2-3 children who can utilize the multiple bedrooms and potential basement space. Government employees or those with stable, long-term employment in Ottawa would be well-suited, given the property's price point and Ottawa's government-centric job market. The home would also appeal to those who value a suburban lifestyle with proximity to nature, as Orleans offers numerous parks and green spaces.
Not For
This property is not suitable for first-time homebuyers or those with household incomes below $150,000 due to its high price point. It's not ideal for singles or couples without children, as the space may be excessive for their needs. Investors looking for high rental yields might find the price point challenging, as the potential rental income may not justify the purchase price. Those prioritizing a short commute to downtown Ottawa or seeking a more urban lifestyle would find the Orleans location less appealing. Buyers looking for a move-in ready home with a finished basement may need to look elsewhere or be prepared for additional renovation costs.
Demographics
Area Median Income
$88,609
Property History
Price History
Ownership Timeline
$0Cash Purchase
Jan 10, 2018Osman Mazhar1817 Celia Crescent Llc
Gift Deed
Non-Arm's Length Transactions
$122,564Financed
Oct 20, 2016Hsbc Bank Usa National Association As Tr, Fremont Home Loan Trust 2006-C MortgaOsman Mazhar
Special Warranty Deed
Standard Sale (Purchase/Resales)
$160,000Cash Purchase
Jun 1, 2016Surety Trustees Llc A Virginia Limited L, Erik R JamesHsbc Bank Usa National Association As Tr, Fremont Homes Loan Trust 2006-C Mortgage
Trustees Deed
Foreclosure
Sunlight Analysis
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Sunlight Analysis
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Schools
Nearby school quality by education level
Elementary
4.0/10
AverageMiddle
4.0/10
AverageHigh
4.0/10
AverageFinancials
Monthly Costs
Market Rent (4 bed)
Get a detailed estimate on Zillow$1,360
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