+44 more
8
Bedrooms
4
Bathrooms
2,500 sqft
Living Area
2
Parking
About This Property
This 8-bedroom, 4-bathroom multi-family in Ottawa offers 2,500 sqft of living area. 3 storeys. The property has lot dimensions of 27 x 52.5 FT. The home features forced air, natural gas heating, a apartment in basement basement. Highlights include a 2-car garage.
MLS Remarks
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:60351)
Inclusions
4 fridges, 4 stoves, 1 Washer, 1 Dryer, 1 Dishwasher, Light Fixtures
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