Description
Exceptional turnkey investment opportunity in the heart of Sandy Hill, just one block from the University of Ottawa. This legal triplex with a secondary dwelling unit comprises four highly desirable, income-producing apartments, perfectly positioned for consistent student rental demand. Each thoughtfully updated suite features two bedrooms, one bathroom, hardwood flooring, and impressive high ceilings, creating bright and inviting living spaces. Recent capital improvements include a new roof (2016), furnace (2019), tankless hot water system (2011), rebuilt front porch (2025), and a newly renovated kitchen in Apartment 4 (2025). Current monthly rents are as follows: Apartment 1 - $1,734; Apartment 2 - $1,850; Apartment 3 - $1,834; Apartment 4 - $1,750. The property is equipped with five hydro meters, allowing for efficient utility management. Additional income is generated through parking ($4,080 annually) and coin-operated laundry ($1,000 annually), resulting in a strong net operating income of $69,600, with considerable upside potential through future rent increases. Notably, Apartments 2 and 3 will become vacant on April 30, 2026, providing the incoming owner with an opportunity to set market rents. A fire retrofit certificate is on file. A rare offering and a true cornerstone asset for any investment portfolio. (id:39198)
Features & Details
Key Summary
- Style: Triplex
- Property Class: CommercialProperty
- Last Status: New
- Days on Market: 41
- Bedrooms: 8
- Bathrooms: 4
- Heating: Forced air, Natural gas
- Cooling: None
- Basement: Apartment in basement, N/A
- Extras / Inclusions: Washer, Refrigerator, Water meter, Dishwasher, Stove, Dryer
- Exterior Construction: Wood, Brick
- Foundation: Stone
- Lot Dimensions: 27 x 52.5 FT
- Lot Features: Flat site
- Water Source: Municipal water
- Sewer: Sanitary sewer
- Total Parking Spaces: 2
- MLS® Number: X12718764
- Listed On: Jan 22, 2026
- Last Status: New
- Days on Market: 41
- Updated On: Jan 27, 2026 04:35
- Brokerage: RE/MAX HALLMARK REALTY GROUP
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