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$ 1,900,000
Est. payment | /mo
10 Beds
6 Baths
$ 1,900,000
Est. payment | /mo
10 Beds
6 Baths
Key Details
Property Type Multi-Family
Sub Type Multiplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 3500-5000
Subdivision 4405 - Ottawa East
MLS Listing ID X13022406
Style 3-Storey
Bedrooms 10
Annual Tax Amount $15,678
Tax Year 2025
Property Sub-Type Multiplex
Property Description
Turnkey 6-unit investment opportunity in a strong rental location with significant upside potential. This well-maintained building features 2 two-bed, 2 two-bed + den, and 2 one-bed units with a current gross income of $102,316.92 and NOI of $73,429.92. Recent capital improvements include a full roofing system replacement in 2025, extensive masonry repairs in 2025 including brick replacement, repointing and structural crack remediation, and front entrance landscaping and concrete work completed in 2024. The pride of ownership is evident throughout with meticulously maintained exterior, common areas and landscaping. Unit mix offers strong rental growth potential, with the most recent lease (Unit 3) achieving $2,000/month, highlighting upside on remaining two-bedroom units. The property includes 6 parking spaces and a garage currently used by the owner. A 2010 survey indicates potential for future development, with a large frontage and irregular lot allowing for reconfiguration of parking to unlock additional density. Additional value-add potential exists in the basement with storage and hydro meter rooms adjacent to Unit 1, offering the possibility of consolidation to enhance unit size or functionality. A rare opportunity to acquire a well-cared-for asset with both immediate income and long-term development potential.
Location
State ON
County Ottawa
Area Ottawa
Rooms
Family Room No
Basement Apartment
Kitchen 6
Separate Den/Office 2
Interior
Interior Features Carpet Free, Separate Hydro Meter
Cooling None
Inclusions 6 fridge, 6 stove, 2 dishwasher, coin op washer, coin op dryer
Exterior
Parking Features Available, Reserved/Assigned
Garage Spaces 1.0
Pool None
Roof Type Flat
Lot Frontage 176.3
Total Parking Spaces 7
Building
Foundation Concrete
Others
Senior Community Yes
ParcelsYN No
Listed by SLEEPWELL REALTY GROUP LTD