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310-3100 Steeles Ave W, Vaughan, ON, L4K 3R1
905-553-8500info@summitly.ca

©2026 Summitly. All rights reserved. Coldwell Banker Summit Realty, Brokerage.

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Listing data is provided by the Toronto Regional Real Estate Board (TRREB) via PropTx and is deemed reliable but not guaranteed. Coldwell Banker Summit Realty, Brokerage — an independently owned and operated Coldwell Banker franchise.

REALTOR® Disclosure▾

For listings in Canada, the trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.

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    For sale On market 21 daysPrice drop · $25,100 off (-3.3%)

    16 Lima Way

    Barrhaven - Cedargrove/Fraserdale·Ottawa, ON·K2J 3G6·Near Weybridge and Kennevale

    Ottawa real estate›X13231026
    • Overview
    • History
    • Details
    • Location
    • Mortgage
    • Investment
    • Comparables
    • FAQ
    Open house & tour

    3 upcoming open houses

    Drop in during an open house, or tour online — no appointment needed.

    • Open house
      Date TBD
      Time TBD
    • Open house
      Date TBD
      Time TBD
    • Open house
      Date TBD
      Time TBD
    Overview

    What this listing tells us

    Property description

    Welcome to 16 Lima Way! Proudly offered by the original owners, this bright south-facing home is situated on an oversized 41' x 122' corner lot on a quiet street and showcases true pride of ownership throughout. Extensively maintained and thoughtfully refreshed, this move-in ready property features numerous valuable updates including a new roof (2021), front, patio and garage doors (2022), landscaping, fencing and patio (2022), all windows (2023), and new eavestroughs and fascia completed in spring 2024. Freshly painted and updated in 2025 with new lighting, upgraded baseboards and new carpeting, the home also benefits from a new hot water tank and newly paved driveway completed in fall 2025. Inside, you'll find a functional layout with bright living spaces, complemented by a well-appointed kitchen and quality finishes. Ideally located close to multiple schools, parks and daycare options, this home offers exceptional convenience for growing families. A fantastic opportunity to own a meticulously maintained home in a sought-after neighbourhood. Some photos have been virtually staged.

    Cleaned for readability — original MLS® text was lightly de-abbreviated and decapitalized.

    AI highlights by Zara
    History

    Listing, price, and tax history

    Every previous listing of this property, every list-price change, and 5 years of estimated annual property tax — switch tabs to drill in.

    DateEventStatusPriceChangeMLS®View
    Jun 22, 2026Price reducedCurrentReduced$724,900−$25,100 (3.3%)X13231026This page
    Jun 2, 2026ListedCurrentFor sale$750,000 —X13231026This page
    Sourced from MLS® · includes all previous listings of this property · tap View to open the archived listing in a new tab
    Property details

    Inside this property

    Systems, finishes, room dimensions, and building information — pulled from the full MLS® feed.

    Features & systems

    Heating, cooling, parking, exterior, lot, possession, and more.

    • Systems

      5
      Heating
      Forced Air
      Air conditioning
      Central Air
      Fireplaces
      1
      Water source
    Location & lifestyle

    Getting around, schools & the block

    Walkability and transit, the nearest schools, an interactive map of the exact spot, and what's nearby.

    📍 16 Lima Way
    Financials

    The money — monthly cost, mortgage & return

    Everything financial in one place: what you'd pay each month, a live mortgage calculator at the asking price, and what it could return as a rental.

    Cost of ownership

    A monthly snapshot at typical assumptions — personalize the mortgage just below.

    Est. monthly mortgage
    $3,561
    20% down · 25y · 5.50% — adjust below ↓
    Est. monthly property tax
    $409
    0.68% mill rate · ON
    The market

    How this home sits in the Ottawa market

    Live neighbourhood stats, the closed sales you'd negotiate against, and comparable active listings.

    The Ottawa market right now

    Average sold price, days on market, and closed-transaction count for Ottawa — sourced from MLS®.

    • Avg sold price
      $727,990
      Last 30 days
    • Median sold price
      $651,256
      Middle of the market
    • Days on market
      29 d
      Avg from list to close
    • Closed last 30d
      2,997
      MLS® transactions
    Full Ottawa market report
    Buy with Coldwell Banker Summit Realty

    We'll get you into 16 Lima Way — the seller pays our commission

    On every MLS® listing in Canada, the seller's brokerage pays a cooperating commission to whoever brings the buyer. Buyer representation is free to you.

    Free buyer representation · Coldwell Banker® affiliate

    $0 to you. The seller pays our fee.

    On every MLS® listing in Canada, the seller's brokerage advertises a cooperating commission for the buyer's agent. A Coldwell Banker Summit Realty agent represents you — you owe us nothing.

    Call now
    Due diligence

    Property flags & disclosures

    An automated scan of public records and news for anything a buyer should know about this specific address — liens, outstanding work orders, or stigma-related history. We never invent flags.

    Nothing concerning surfaced — all clear.

    We scanned public records and news for liens, outstanding work orders, and stigma-related history (e.g. a former grow-op or fire) at 16 Lima Way and found nothing flagged. We re-check automatically as new records publish.

    Frequently asked

    Common questions about this property

    Tap a question to expand the answer. Short, direct answers tuned for AI search and voice assistants.

    • How much is 16 Lima Way listed for?

      16 Lima Way is listed at $724,900 on the MLS® (listing X13231026). The price refreshes on Summitly within minutes of any MLS® change.

    • How many bedrooms, bathrooms, and square feet does 16 Lima Way have?

    Coldwell Banker Summit Realty is a RECO-licensed Ontario real estate brokerage, independently owned and operated. Mortgage financing is arranged through Mortgage Squad Advisors. Summitly is the technology platform that powers this site. Listing data is sourced from MLS® and is provided for informational purposes only — not guaranteed accurate by the MLS® or its members. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The Coldwell Banker® name and logo are trademarks of Coldwell Banker Real Estate LLC.

  1. 3 beds
  2. 4 baths
  3. 1500-2000 sqft
  4. Detached
  5. Asking
    $724,900
    $0 / sqft · MLS® X13231026
    Chat Zara
  6. Zara AI Estimate
    Live · refreshes nightly
    Estimated value
    $727,990
    $669,751Confidence range$786,229
    Asking vs estimate
    ≈in-line
    −$3,090
    (-0.4%)
    Asking is in line
    Run the affordability numbers

    Based on the city's average sold price, adjusted for 3 bedrooms (no sqft on file).

    Market analytics

    Homes like this in Ottawa sell in about 29 days — this one has been listed 21 days.

    Avg sold price
    $727,990
    Median sold
    $651,256
    Avg days on market
    29
    Recently sold
    2997
    See comparable sales
    Walk through online
    Listing agent has provided a interactive tour
    Open virtual tour
    Proudly offered by the original owners, this bright south-facing home is situated on an oversized 41' x 122' corner lot on a quiet street and showcases true pride of ownership throughout.
  7. Freshly painted and updated in 2025 with new lighting, upgraded baseboards and new carpeting, the home also benefits from a new hot water tank and newly paved driveway completed in fall 2025.
  8. Inside, you'll find a functional layout with bright living spaces, complemented by a well-appointed kitchen and quality finishes.
  9. Ideally located close to multiple schools, parks and daycare options, this home offers exceptional convenience for growing families.
  10. Ask Zara a follow-up
    Municipal
    Sewer
    Sewer
  11. Parking & garage

    4
    Garage
    Attached
    Garage spaces
    1
    Parking spaces
    3
    Driveway
    2
  12. Interior

    4
    Basement
    Partially Finished
    Family room
    Y
    Kitchens
    1
    Total rooms
    10
  13. Exterior & construction

    4
    Exterior
    Vinyl Siding
    Roof
    Asphalt Shingle
    Foundation
    Poured Concrete
    Pool
    None
  14. Lot & land

    1
    Zoning
    R2M
  15. Listing & possession

    3
    Possession
    2026-07-10T00:00:00.000-00:00
    Property style
    2-Storey
    Property class
    Detached
  16. Room-by-room · 7 rooms

    Every room with its dimensions, level, and notable features.

    Room dimensions

    Ground level

    3 rooms
    • Kitchen
      9.3 × 17.5 ft
    • Living Room
      13.0 × 21.5 ft
    • Dining Room
      12.3 × 11.1 ft

    Second level

    3 rooms
    • Bedroom 3
      12.0 × 7.9 ft
    • Primary Bedroom
      16.8 × 13.0 ft
    • Bedroom 2
      13.0 × 9.2 ft

    Basement level

    1 room
    • Family Room
      25.6 × 16.4 ft
    Combined estimate
    $3,970
    Mortgage + tax · before condo / insurance

    Mortgage & affordability

    Today's best Canadian rates from Mortgage Squad, then a live calculator — adjust down payment, amortization, and rate, and email yourself the report.

    Today's rates · Powered by Mortgage Squad
    350+ lender access · Best rate matched in 2 min
    Lock my rate
    • Best
      5-yr Fixed · Insured
      4.09%
      0.40% below banks
    • 5-yr Fixed · Conventional
      4.34%
      APR · OAC
    • 3-yr Fixed · Conventional
      4.49%
      APR · OAC
    • 5-yr Variable · Variable
      4.85%
      APR · OAC
    Rates indicative · Updated today · OAC, subject to underwritingSee all Mortgage Squad rates →
    Affordability calculator
    Estimated monthly payment
    $3,561
    /mo
    based on the purchase price of $724,900
    $144,980 cash
    $579,920 financed
    $488,445 total interest
    Monthly payment$3,561/ month
    Principal54%$579,920
    Interest46%$488,445

    20% down · 25-yr amortization · 5.50% rate. Principal & interest only — taxes, condo fees, and insurance not included.

    Email this mortgage report to yourself

    Save the full affordability breakdown — down payment, monthly, interest paid, and today's Mortgage Squad rate — in your inbox. Create a free Summitly account to save it, get rate-drop alerts, and build a shortlist.

    Create account & email meor send as guest
    Get pre-approved in minutes

    Know exactly what you can afford — a no-obligation pre-approval from Mortgage Squad.

    Get pre-approved

    Rental income & return

    What this home could rent for and the return at the asking price — an AI estimate against real property tax and condo fees.

    Est. monthly rent
    low–high
    Gross yield
    rent × 12 ÷ price
    Cap rate (est.)
    net of tax + fees

    AI estimate for discussion only — not an appraisal or investment advice. Yield and cap rate are derived from the estimated rent versus the asking price and real property tax.

    Comparable detacheds that just sold in Ottawa

    Swipe the closed sales, then use the table for a side-by-side $/sqft comparison against this home.

    • 1107 Beckett Crescent
      Sold
      Sign in for price
      1107 Beckett Crescent
      Detached
    • 336 Barrett Farm Drive
      Sold
      Sign in for price
      336 Barrett Farm Drive
      Detached
    • 278 John Aselford Drive
      Sold
      Sign in for price
      278 John Aselford Drive
      Detached
    • 51 Bridle Crest Court
      Sold
      Sign in for price
      51 Bridle Crest Court
      Detached
    • 3005 Mccarthy Road
      Sold
      Sign in for price
      3005 Mccarthy Road
      Detached
    • 109 Rallidale Street
      Sold
      Sign in for price
      109 Rallidale Street
      Detached
    AddressBd / BaSqftSold$/sqft% of askSold
    16 Lima WayThis home3 / 415,002,000$724,900ask———
    1107 Beckett Crescent3 / 31,500—
    336 Barrett Farm Drive4 / 31,500—
    Sold prices are hidden under TRREB rules. Sign in to reveal them.

    More detacheds in Ottawa

    Active listings within ±20% of this asking price.

    • 507 NORDMANN FIR Court
      $744,000
      507 NORDMANN FIR Court
      Detached 3 3
    • 25 Crystal Park Crescent
      $849,000
      25 Crystal Park Crescent
      Detached 3 4
    • 319 Riverwood Drive
      $649,900
      319 Riverwood Drive
      Detached 2 2
    • 25 Crystal Park Crescent
      $849,000
      25 Crystal Park Crescent
      Detached 3 4
    • 48 Maricona Way
      $729,000
      48 Maricona Way
      Detached 2 2
    • 20 Sherry Lane
      $707,700
      20 Sherry Lane
      Detached 3 2
    AI-first listing data

    Zara's valuation, full price history, room insights, and live MLS® refresh — all in one feed. No more comparing 4 sites.

  17. One team, no handoffs

    Your realtor, mortgage broker, and offer-night closing team work side-by-side. One conversation, not three.

  18. Showings on YOUR schedule

    Same-day showings for shortlisted homes, evenings + weekends. Your Coldwell Banker Summit Realty agent coordinates with the listing brokerage.

  19. Mortgage that closes

    Pre-approval, rate hold, and 350+ lender access via Mortgage Squad Advisors — no juggling lender chats yourself.

  20. Public listing courtesy of EXIT EXCEL REALTY · displayed on Summitly per MLS® data-share rules

    16 Lima Way is a 3-bedroom, 4-bath, 1500-2000 sqft. Full room dimensions and floor breakdown are in the 'Rooms' section of this page.

  21. When was 16 Lima Way built?

    The year built for 16 Lima Way isn't published in this MLS® feed — ask a Summitly realtor for the construction year from the seller's disclosure.

  22. What is the property tax for 16 Lima Way?

    The 'Property tax' tab in the History section shows the most recent annual tax for 16 Lima Way plus a 5-year breakdown with YoY % change. Monthly equivalent is shown alongside.

  23. How much would the monthly mortgage be on 16 Lima Way?

    The affordability calculator on this page shows an estimated monthly mortgage for $724,900 at 20% down, 25-year amortization, and 5.5% rate. Adjust the sliders to model your own down payment and rate.

  24. Has 16 Lima Way been sold before?

    The 'Listing history' tab above lists every previous MLS® listing of 16 Lima Way with its list date, sold price (when sold), and final status. Each row is colour-coded with price-change arrows.

  25. What neighbourhood is 16 Lima Way in?

    16 Lima Way is in Barrhaven - Cedargrove/Fraserdale, Ottawa. The 'Neighbourhood' section below links to the live Ottawa real estate hub with average sold price, days on market, and current inventory.

  26. Is Ottawa a good place to live?

    Ottawa is one of ON's actively-tracked Summitly markets. The full Ottawa real estate hub covers live average sold price, days on market, and neighbourhood-level inventory.

  27. 278 John Aselford Drive
    4 / 5
    3,500
    —
    51 Bridle Crest Court3 / 53,500—
    3005 Mccarthy Road3 / 21,100—
    109 Rallidale Street4 / 42,000—