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Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Subdivision 4004 - Sandy Hill
MLS Listing ID X13539778
Annual Tax Amount $8,497
Tax Year 2026
Property Sub-Type Investment
Property Description
Exceptional income-producing investment opportunity in the heart of Ottawa. This turnkey asset offers multiple revenue streams and strong cash flow in one of the city's most desirable rental markets, just minutes from the University of Ottawa, downtown, Highway 417, public transit, the Rideau River, and an abundance of amenities.The property consists of a four-level main building configured with six rentable bedrooms, four full bathrooms, shared common areas, and lower-level laundry, complemented by a fully legal coach house completed in 2023. The flexible rooming configuration appeals to a strong and consistent tenant pool while providing the option for owner occupancy or alternative rental strategies.Current rental income includes six furnished rooms, the legal coach house, and parking revenue, with additional upside through laundry services and future rent optimization. The property's flexible occupancy arrangements allow for a smooth transition to new ownership while offering the option of vacant possession if desired.Significant capital improvements have already been completed, including the legal coach house conversion (2023), renovated kitchen and bathrooms (2022), new driveway (2024), roof (2017), and gas furnace (2015), minimizing near-term capital expenditures.With diverse income sources, strong rental demand, and future appreciation potential, this is a rare opportunity to acquire a high-performing investment property in a prime central Ottawa location. An ideal addition to any real estate portfolio, offering immediate cash flow with long-term growth potential.
Location
State ON
County Ottawa
Area Ottawa
Zoning R4
Interior
Cooling Yes
Inclusions Refrigerator, Stoves, Washers, Dryer in main house | Refrigerator, Stove, Dishwasher, Washer, Dryer in secondary dwelling unit.
Exterior
Community Features Public Transit, Recreation/Community Centre
Utilities Available Yes
Lot Frontage 37.0
Lot Depth 75.75
Building
Building Age 100+
Others
ParcelsYN No
Virtual Tour https://u.listvt.com/mls/255004046
Listed by CENTURY 21 SYNERGY REALTY INC