Description
Incredible investment opportunity in the heart of Old Ottawa South! This fully tenanted multi-unit property sits on an expansive 30' x 161' lot and features a newer 3,000 sq. ft. addition, creating four self-contained apartments in total.The building includes one spacious 3-bedroom unit, two well-appointed 2-bedroom units, and one 1-bedroom unit. The original front unit has been tastefully updated with hardwood floors, granite countertops, modern cabinetry, and a renovated bathroom. It also features its own furnace (2020), A/C (2017), and rented hot water tank. The 2017 addition was thoughtfully constructed with two furnaces and two central A/C units. Additional improvements include roof (2017) and sump pump (2017). The property is serviced by 3 hydro meters, 3 gas meters, and 1 water meter. All units offer the convenience of in-unit laundry. Currently generating $11,349.31 in gross monthly rental income with a 6.3% cap rate. The property is legal as it stands, and the City of Ottawa has suggested potential for a 5-plex configuration, offering future upside for increased income. (id:39198)
Features & Details
Key Summary
- Style: Multi-Family
- Property Class: CommercialProperty
- Last Status: New
- Days on Market: 9
- Heating: Forced air, Natural gas
- Cooling: Fully air conditioned
- Extras / Inclusions: Washer, Dishwasher, Dryer
- Lot Dimensions: 30.36 x 161.96 FT
- Water Source: Municipal water
- MLS® Number: X12813150
- Listed On: Feb 24, 2026
- Last Status: New
- Days on Market: 9
- Updated On: Feb 25, 2026 09:31
- Brokerage: ROYAL LEPAGE PERFORMANCE REALTY
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