15 Neely Street, Kanata, ON

Welcome to 15 Neely Street, a rare waterfront bungalow fully renovated from top to bottom with upgrades and features not commonly found. As one of the first properties on the road, this is as close to Ottawa as waterfront living gets, and it offers the flexibility to generate short term rental income in the range of $100,000 a year. Set along the water with beautiful views, the property includes a professionally built retaining wall, making it one of the few insurable homes for flood protection in the area.Inside, a bright open concept main level awaits where modern design meets comfort. The redesigned layout features new flooring, a kitchen with 2025 appliances, sleek cabinetry, a spacious island, and an electric fireplace flowing into the living and dining areas, all framed by large windows overlooking the water. Warm wood ceilings add character to the space. The main level offers 3 bedrooms including a newly added room, along with a fully updated bathroom completed in 2025. Major system upgrades include all new water and drain lines, a new water softener, and a new hot water tank installed in 2025.The lower level provides additional living space, a second full bathroom, and flexible space for guests, work, or recreation. Extensive structural improvements include a lifted foundation, updated roof and trusses, and a reinforced cement foundation strip, for long term peace of mind.Outside, enjoy a private setting with a newly converted sauna (2025). The lot offers direct access to the shoreline, perfect for swimming, boating, or relaxing by the water.Located within the Kanata school board and a short drive to the city, this property offers a rare combination of waterfront living, modern upgrades, and long term value. Waterfront homes in Dunrobin have appreciated an average of 5% per year over the past two decades, though past appreciation is not a guarantee of what the years ahead will bring.