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$ 2,599,000
Est. payment | /mo
13 Beds
9 Baths
$ 2,599,000
Est. payment | /mo
13 Beds
9 Baths
Key Details
Property Type Multi-Family
Sub Type Multiplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 5000 +
Subdivision 4103 - Ottawa Centre
MLS Listing ID X12365393
Style 3-Storey
Bedrooms 13
Annual Tax Amount $25,565
Tax Year 2025
Property Sub-Type Multiplex
Property Description
Exceptional 9-unit multi-family property in the heart of Downtown Ottawa. Offering 4 two-bedroom units, 3 one-bedroom units, and 2 bachelor units, each featuring very spacious layouts, soaring ceilings, hardwood floors, and charming architectural details. Major upgrades include a new roof (2025). Each unit is separately metered for hydro, with tenants paying their own electricity, keeping operating costs low. Features include 9 hydro meters, 9 rented hot water tanks, a rented natural gas boiler with radiator heating, coin-operated laundry, and 9 surface parking spaces. Currently generating over $182,000 annually, with significant upside through rent increases as many units remain below market. Set on over 5,800 sq. ft. of valuable land, this property also offers strong long-term potential for redevelopment or expansion. The neighbourhood is one of Ottawa's most desirable: steps to the Museum of Nature, the Rideau Canal, Elgin Streets vibrant shops and restaurants, the Glebe, parks, schools, and excellent transit. Always in demand among professionals, retirees, and students, this location ensures strong tenant retention and future rent growth. A rare opportunity to acquire a centrally located, income-generating property with spacious units, proven performance, and outstanding upside potential.
Location
Province ON
County Ottawa
Community 4103 - Ottawa Centre
Area Ottawa
Rooms
Family Room No
Basement Partially Finished
Kitchen 9
Interior
Interior Features None
Cooling None
Fireplace No
Heat Source Gas
Exterior
Pool None
Roof Type Tar and Gravel
Lot Frontage 59.0
Lot Depth 99.0
Total Parking Spaces 9
Building
Foundation Stone
Listed by ROYAL LEPAGE TEAM REALTY