421 ONTARIO, Park City, UT 84060
2BD/—BA Residential in Park City, UT 84060. 1,695 sqft. Built 1955. Listed at $2,299,000. MLS #2169343.
2BD/—BA Residential in Park City, UT 84060. 1,695 sqft. Built 1955. Listed at $2,299,000. MLS #2169343.
421 Ontario Avenue is the ultimate Park City ski pad. The original A-frame exterior is pure Park City classic -- and inside, the current owner has completely reimagined it for modern mountain living, with a full kitchen remodel, European aluminum windows and doors throughout, radiant floor heat, and a long list of upgrades that add up to a home that feels brand new where it counts. Step into the entry mudroom -- thoughtfully designed with ski racks, hooks, and storage -- and you immediately feel that this home perfectly matches the Park City lifestyle. Whether you're coming in from a killer powder day or a summertime mountain bike ride, there's a spot for everything. Move into the main living space and the views stop you in your tracks. Classic Old Town rooftops, the PCMR slopes -- all of it framed by a massive European aluminum 4-panel slider that opens fully onto the large deck. This is your gathering space: cozy wood burning stove on one side, large kitchen island on the other, and when the weather cooperates, the whole thing seamlessly spills outside. Upstairs, the primary suite is where you escape from it all -- a private Juliette balcony, jetted tub, large built-in dresser, tons of natural light, and those same classic Park City views all to yourself. The finished lower level pulls double duty as a guest suite and hangout space. Electric radiant floor heat, built-in storage, a full ensuite bath -- and walk-out access straight to the new hot tub and your private stairs that take you right down to Marsac and steps away from all the action on Main Street. The main Old Town bus terminal is right there: one bus to Park City Mountain, one to Deer Valley, one to Canyons. No car needed on a ski day. The home is currently tenant-occupied through November 1, 2026 at $6,500/month -- guaranteed income from day one, with early termination options for buyers seeking earlier possession.
Property Type
Residential
Property Style
Single Family Residence
Architectural Style
A-Frame
Stories
3
Subdivision
PARK CITY
County
Summit
Zoning
Single-Family
Construction
Other
Lot Size
0.06 sq ft
Above Grade Area
1,070 sq ft
Condition
Blt./Standing
MLS #
2169343
Property Type
Residential
Property Style
Single Family Residence
Architectural Style
A-Frame
Stories
3
Subdivision
PARK CITY
County
Summit
Zoning
Single-Family
Construction
Other
Lot Size
0.06 sq ft
Above Grade Area
1,070 sq ft
Condition
Blt./Standing
MLS #
2169343
List Price
$2,299,000
Annual Taxes
$5,533
Home Warranty
No
List Price
$2,299,000
Annual Taxes
$5,533
Home Warranty
No
Heating
Electric,Forced Air,Radiant Floor
Cooling
Central Air
Roof
Asphalt
Flooring
Carpet,Tile
Basement
Full,Walk-Out Access
Materials
Other
Appliances
Dryer,Microwave,Refrigerator,Washer
Laundry
Electric Dryer Hookup
Patio & Porch
Covered,Patio: Open
Water Source
Culinary
Sewer
Sewer: Connected,Sewer: Public
View
Mountain(s)
Heating
Electric,Forced Air,Radiant Floor
Cooling
Central Air
Roof
Asphalt
Flooring
Carpet,Tile
Basement
Full,Walk-Out Access
Materials
Other
Appliances
Dryer,Microwave,Refrigerator,Washer
Laundry
Electric Dryer Hookup
Patio & Porch
Covered,Patio: Open
Water Source
Culinary
Sewer
Sewer: Connected,Sewer: Public
View
Mountain(s)
Covered Spaces
0
Total Parking
2
Covered Spaces
0
Total Parking
2
Why this is a deal
Classification
Great Deal (vs Similar)
Deal Score
100/100
vs Similar Homes
39% below
vs Market Median
184% above
Area Growth (YoY)
-6.2%
Deal Score Breakdown
100/100 · 1 qualifying signal
Priced 39% below the median of similar listings
Priced 184% above the per-subtype city median
-6.2% year-over-year ZHVI growth in this area
LT net cashflow -$11,509/mo (-76.4% return on ownership cost) · STR net cashflow -$11,951/mo (-79.3% return). Uses the better of LT or STR against total monthly ownership cost (P&I, tax, insurance, HOA, maintenance).
No price reduction from original list
Ensemble scoring: the best single signal sets the floor, secondary qualifying signals (≥60) each add 5 points up to +20. A home that strongly wins on one dimension is already a great deal — it doesn't need to tick every box.
Why this classification
Monthly Rent
$4,043/mo
Range: $2,848 – $5,238
Net Monthly Cash Flow
−$11,509 /mo (−$138,106/yr)
Monthly rental income
Monthly ownership cost
Coverage
27%
Net /mo
−$11,509
DSCR
0.31
Est. Annual Revenue
$53,421/yr
$625/night · 37% occupancy · $239/bedroom · $1.00/sqft
Net Monthly Cash Flow
−$11,951 /mo (−$143,413/yr)
Monthly STR income
Monthly ownership cost
Coverage
30%
Net /mo
−$11,951
DSCR
0.27
Best Download
2 Gbps
Best Upload
2 Gbps
Fiber Available
Yes
Providers
11
Available Providers
$1,875,000
+23% vs median
77 days
616
$24,900 – $55,000,000
$5,533
High Crime
16.7
per 1,000
33.8
per 1,000
7.4
per 1,000
57.9
per 1,000
National rates use FBI UCR Index Crimes. Local rates use NIBRS which may include additional offense categories.
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Daryn Edmunds - High Road Properties

Devin Tanner - Utah Realtor

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