Space
Finished area and layout
- Living Area
- 5,200 sqft
- Building Area
- 5,200 sqft
- Bedrooms
- 10
- Bathrooms
- 6
+33 more
10
Bedrooms
6
Bathrooms
5,200 sqft
Living Area
Bldg=176.3 FT
Lot
7
Parking
Property Snapshot
Key details for this listing
MLS #X13022410
Property
Type, style and structure
- Type
- residential
- Style
- multi-family / Multiplex
- Ownership
About This Property
This 10-bedroom, 6-bathroom multi-family in Ottawa offers 5,200 sqft of living area on a Bldg=176.3 FT lot. 3 storeys. The home features hot water radiator heat, natural gas heating, none.
MLS Remarks
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 $106,540.92 and NOI of $77,653.92. Recent capital improvements include a full roofing system replacement in 2025, extensive masonry repairs in 2025 including brick replacement/repointing, 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 5) 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. (id:60351)
Inclusions
6 fridge, 6 stove, 2 dishwasher, coin op washer, coin op dryer
Full Listing Details
Looking for Something Similar?
We can help you find properties matching your criteria, including exclusive listings not yet on the market.
Save favorites, track showings, view sold data & get market alerts — Free account — 100% free
