Turn key property and Cash Flow from Day 1! INCOME GENERATING OPPORTUNITY...Investors - Don't miss out on this LEGAL nc FOURPLEX located in DOWNTOWN OTTAWA (PRIME LOCATION)! With a healthy mix of professionals and students, this area attracts them all. There are two-2 bedrm units and two-1 Bedrm units. One of the 2-bedrms has a den as well. On-site maintenance person at a low cost already maintains the property, so you don't have to! Featuring a total of 6 bedrooms and 4 full bathrooms, separate COIN OPERATED LAUNDRY ROOM, 4 hydro meters, and easy-to-maintain layout (No snow shoveling or grass cutting) . Perfect for new or seasoned investors! Gross INCOME: $88,614/yr. OPERATING EXPENSES: $27,873/yr = NOI: $60,741 NOI. (3 rental increases scheduled over next 2 months not applied to this NOI). Rent gets the standard increase each year. All units are already tenant-occupied with long-term tenants who wish to stay, providing immediate rental income from day one. Rents paid on time. Located close to the University of Ottawa, shopping, dining, entertainment, the Rideau River and major commuter routes, this is a highly desirable area for renters. Are you looking for an investment property with massive upside? This is it. The door is open for the next savvy investor looking to expand their portfolio and secure a long-term income-producing asset. Call today to schedule a showing and secure your piece of prime real estate Downtown Ottawa NOW while still affordable - ahead of plans by the Ottawa Board of Trade to further grow residential and commercial footprint. **WE WELCOME OFFERS**
Address
Address hidden
List Price
$1,290,000
MLS® Status
New
Expiration Date
2025-12-31
Property Type
Residential Freehold
Type of Dwelling
Fourplex
Style of Home
2 1/2 Storey
Transaction Type
For Sale
Area
Lower Town - Sandy Hill
Sub-Area
4002 - Lower Town
Region
Ottawa
Bedrooms
6
Bedrooms (Total)
6
Rooms Above Grade
12
Bathrooms
4
Floor Area
2000 - 2500 Sq. Ft.
Lot Depth
66.5
Lot Size Units
Feet
Lot Width
32.96
Parcel Number
042130098
Occupant Type
Tenant
Cross Street
Trans-Canada Hwy/ON-417 - to EXIT 118 (Nicholas St) - drive down Nicholas St - LEFT on Laurier Ave E - left ON Chapel St - Right on RIDEAU St - LEFT on COBOURG to 62-64 Cobourg
Frontage Length
10.05
MLS® Number
X12370476
Listing Brokerage
RE/MAX HALLMARK REALTY GROUP
Basement Area
Unfinished
Postal Code
K1N 8G8
Tax Amount
$10,052.55
Tax Year
2025
Interior Features
Other
Property Features
Public Transit, Park
Cable
Yes
Central Vacuum
No
Family Room
No
Hydro
Yes
Ensuite Laundry
No
Special Designation
Unknown
Standard Status
Active
Board Or Association
Ottawa Real Estate Board
Heat Source
Electric
Heat Type
Baseboard
Cooling Features
Window Unit(s)
Construction Materials
Other
Direction Faces
East
Fireplace
No
Foundation Details
Stone
Garage
No
Garage Type
None
Pool Features
None
Roof
Asphalt Shingle
Tax Legal Description
PT LT 5, PL 43586 , S/S CLARENCE ST (FORMERLY FRANKLIN ST), AS IN NS246647 ; OTTAWA/NEPEAN
Waterfront
No
Sewer
Sewer
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