1040-1042 KING STREET
Ottawa · K0B1K0
$489,000
About this residence
A unique property to create a unique lifestyle. An income property, investment property or home, sweet home? You decide. Live in a quiet two-storey apartment in this historic brick building in picturesque L'Orignal and enjoy morning coffee from your upper balcony with a river view and end your day with breathtaking sunsets, A LR is on the main floor with large kitchen, two bedrooms, laundry and full bath upstairs. An extra room in the basement offers extra living space. PLUS: An updated one-bedroom apartment fronts on King Street, offering extra income or use it as an in-law suite or as an office. This building has been renovated to building code and is ready for you to reap the rewards! A walkable community, proximity to Highway 17, local park, sandy beach, marina, post office, school and church. The owner is renting a room (short-term) to 1 tenant in the upstairs apartment at 1100$/month. Upstairs apartment will be vacant as of August 1, 2026. The main floor, 1-bedroom apartment is rented at $785 per month to a lovely tenant. All appliances included. Two sheds on the property. Note that some furnishings in 2-bedroom apartment can be included. 24 hours irrevocable on all offers. (id:61366)
Property details
- Property type
- Multi-family
- Style
- Duplex
- Bedrooms
- 3 (3 above)
- Bathrooms
- 2
- Storeys
- 2
- Living area
- 2,000–2,500 sq ft
- Lot size
- 20.9 x 144.4 FT
- Frontage
- 20.1 feet
- Parking
- 5 spaces
- Annual tax
- $2,937
- MLS®
- X13164620
- Board
- Ottawa
- Status
- Active
- Listed
- May 22, 2026
- Updated
- Jun 8, 2026
Features & finishes
Appliances
- Washer
- Refrigerator
- Dryer
- Range
- Water Heater
- Water meter
Heating
- Forced air
- Natural gas
Basement
- Partially finished
Exterior
- Brick
Foundation
- Stone
Parking
- No Garage
Sewer & Utilities
- Sanitary sewer
- Cable
- Electricity
- Sewer
Financing
Estimated monthly payment
$2,287/mo
Loan amount
$391,200
Down payment
$97,800
Estimate only. Rates and terms vary by lender and qualification.
Powered by Lenderoo.caLocation & area
Ottawa
Nearby
About the area
Census · K0B- 21,020
- Population
- 50
- Median age
- $79,000
- Median income
- $300,000
- Median home value
- 80%
- Home ownership
- 30 min
- Avg. commute
Age distribution
Tenure
Neighbourhood statistics for the property’s forward sortation area. Figures are census-derived estimates.
Powered by Neighbourly.ioFrequently asked questions
What is the asking price for 1040-1042 KING STREET?
1040-1042 KING STREET is listed for $489,000, in Ottawa.
How many bedrooms and bathrooms does 1040-1042 KING STREET have?
It offers 3 bedrooms and 2 bathrooms.
What type of home is 1040-1042 KING STREET?
1040-1042 KING STREET is a Multi-family, Duplex set over 2 storeys.
How large is 1040-1042 KING STREET?
The home offers approximately 2,000–2,500 sq ft of living space on a lot measuring 20.9 x 144.4 FT.
What would the monthly mortgage payment be?
With a 20% down payment at a 5.0% interest rate over a 25-year amortization, the estimated monthly payment is about $2,287. Use the mortgage calculator above to model your own scenario.
What are the annual property taxes?
Property taxes are approximately $2,937 per year.
Is there parking?
Yes — 1040-1042 KING STREET includes 5 parking spaces.
What is the Ottawa area like?
Ottawa has a population of about 21,020, a median age of 50, a 80% home-ownership rate, with an average commute of about 30 minutes.
What is the average home value in Ottawa?
The median dwelling value in this area is approximately $300,000, based on census data via Neighbourly.
What is the median household income in Ottawa?
The median household income in this area is approximately $79,000.
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