538 Mutual Street, Overbrook - Castleheights and Area, ON K1K 1C6
3503 - Castle Heights, Overbrook - Castleheights and Area · Near Mutual St & May St · View map
About this home
Exceptional development opportunity in the heart of Castle Heights. Situated on a 60' x 111' lot and currently improved with a tenanted triplex providing holding income, this property offers compelling future redevelopment potential. A substantial rear concrete block building with high ceilings-larger than the existing residential structure-creates a rare opportunity for adaptive reuse or future development, subject to buyer due diligence and required approvals. Zoned N4B (buyer to verify), the property may support a variety of residential development concepts under Ottawa's evolving zoning framework. Located in a neighbourhood experiencing significant reinvestment and infill activity, this is an outstanding opportunity for builders, developers, and investors seeking both current income and long-term upside. AI renderings included for illustration purposes only. Buyers are advised to verify zoning, permitted uses, development potential, and all approvals required for their intended use.
The home
- Type
- 3-storey detached home
- Style
- 3-Storey
- Square footage
- 2500-3000 sq ft
- Bedrooms
- 3
- Basement bedrooms
- 1
- Bathrooms
- 3
- Kitchens
- 1
- Rooms
- 8
- Basement
- Finished, Full
- Lot size
- 60 x 112 ft
- Faces
- North
Ownership & fees
- Ownership
- Freehold
- Monthly condo fee
- None
- Exterior
- Stone, Vinyl Siding
Heating & cooling
- Heating fuel
- Gas
- Heating type
- Forced Air
- Air conditioning
- Central Air
- Fireplace
- Yes
Garage & parking
- Garage
- Detached
- Driveway spaces
- 8
- Total parking
- 10
- Parking features
- Private
Taxes & other
- Property taxes
- $5,546/yr
- Tax year
- 2026
- Occupancy
- Owner
- Possession
- Flexible
- Cross street
- Mutual St & May St
- Neighbourhood
- 3503 - Castle Heights
More
- Price per sq ft
- ~$273 (at 2,750 sq ft)
- MLS® number
- X13246548
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The home and its surroundings
- Hospital
- Library
- Park
- Public Transit
- Rec./Commun.Centre
- School Bus Route
- Mortgage
- Property tax
- Maintenance fee
Cash needed to close
Estimates only, using Canadian semi-annual compounding, Ontario land transfer tax. Mortgage default insurance is added when you put down less than 20%. Your lender and lawyer will confirm exact numbers.
538 Mutual Street, Overbrook - Castleheights and Area, ON K1K 1C6
3503 - Castle Heights, Overbrook - Castleheights and Area · Near Mutual St & May St
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Listing history for 538 Mutual Street
See what this home and others at the same address were listed for, what they sold for, and how long it took.
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Frequently asked questions about 538 Mutual Street
Answers come straight from this home’s MLS® listing.
How much is 538 Mutual Street listed for, and what would it cost each month?
538 Mutual Street is listed for $749,900. With 20% down ($149,980), the mortgage payment would be roughly $3,025 a month at 4.5% over 30 years. Add property tax and the estimate comes to about $3,487 a month, all in. That figure is an illustration, not a quote.
Is 538 Mutual Street freehold or a condo, and is there a monthly fee?
538 Mutual Street is a 3-storey detached home in 3503 - Castle Heights, Overbrook - Castleheights and Area. Ownership is freehold: you own the home and the lot. There is no monthly condo fee, so the roof, windows, driveway, snow and lawn are yours to look after.
How many bedrooms and bathrooms does 538 Mutual Street have?
538 Mutual Street has 3 bedrooms, plus 1 more bedroom in the basement, and 3 bathrooms.
Does 538 Mutual Street have a garage and parking?
Yes. The listing shows the garage as detached. The driveway adds 8 spaces. In total the listing counts 10 parking spaces.
Does 538 Mutual Street have a finished basement?
The listing describes the basement as finished, full. It counts 1 bedroom on that level. Finished basement space is usually not counted in the square footage shown.
What style of home is 538 Mutual Street?
538 Mutual Street is a 3-storey detached home. A 3-storey detached house spreads its rooms over three floors, often on a narrower city lot.
How big is 538 Mutual Street, and what is the lot size?
The listing puts the home between 2,500 and 3,000 sq ft. The board reports a range rather than an exact figure, and it usually leaves out the basement. The lot is listed as 60 x 112 ft.
How is 538 Mutual Street heated and cooled?
Heating is forced air (gas). Cooling is central air.
What are the property taxes for 538 Mutual Street?
Property taxes are $5,546 a year (2026), or about $462 a month.
Where is 538 Mutual Street?
538 Mutual Street is in the 3503 - Castle Heights community of Overbrook - Castleheights and Area. The nearest main intersection is Mutual St & May St. The postal code is K1K 1C6.
Is 538 Mutual Street still for sale?
Yes. It is an active listing (MLS® X13246548). Listings here update from the board through the day and come down once a home sells.
What are similar detached homes near 538 Mutual Street asking?
Similar detached homes for sale nearby right now include 492 Vernon Avenue at $625,000 (3+2 bed), 636 Malartic Avenue at $699,800 (4 bed) and 23 Wright Street at $749,900 (3+2 bed). These are asking prices, not sold prices. The Sold history tab shows what homes at this address went for.
What have homes at 538 Mutual Street sold for?
Recent sales, leases and expired listings for this home and others at the same address are in the Sold history tab, with the price and date of each. It is free for members.
How do I book a showing at 538 Mutual Street?
Pick a day and time with Book a Tour on this page. Tours are free, with no obligation, in person or by video. You can also call or text 647-931-3923.
Have a different question? Ask about this home and get an answer, usually within the hour.
Similar detached homes nearby
More detached homes for sale near 3503 - Castle Heights, picked by style, size and price.
Detached bungalow$625,000492 Vernon Avenue, Overbrook - Castleheights and Area3+2 bed · 1 bath · 3503 - Castle HeightsCourtesy of: RE/MAX HALLMARK REALTY GROUPView home →
Detached bungalow$699,800636 Malartic Avenue, Overbrook - Castleheights and Area4 bed · 2 bath · 3503 - Castle HeightsCourtesy of: COLDWELL BANKER FIRST OTTAWA REALTYView home →
Detached bungalow$749,90023 Wright Street, Overbrook - Castleheights and Area3+2 bed · 3 bath · 3501 - OverbrookCourtesy of: RE/MAX HALLMARK REALTY GROUPView home →Courtesy of: RE/MAX DELTA REALTY TEAM
Listing information comes from the Toronto Regional Real Estate Board through PropTx and is deemed reliable but is not guaranteed accurate. It is provided for consumers' personal, non-commercial use. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.
*Estimated monthly cost assumes 20% down, a 4.5% rate and a 30-year amortization, plus property tax. For illustration only.