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.
Percent of Building:
100
Property Type:
Commercial
Property Sub Type:
Investment
Freestanding:
Yes
Approx. Age:
100+
Total Area:
1647 sq. ft. Square Feet
Total Area:
1,647 sq. ft.153 m2
Lot Depth:
75'9"23.1 m
Lot Frontage:
37'11.3 m
Water supply:
Municipal
Zoning:
R4
Heating type:
Gas Forced Air Closed
Garage:
None
Possession Details:
Flexible
HST Applicable To Sale Price:
In Addition To
Assessment Year:
2025
Type Taxes:
Annual
Taxes:
$8,497 /
2026
Assessment:
$- /
2025
Ottawa
Lower Town - Sandy Hill
4004 - Sandy Hill
Public Transit, Recreation/Community Centre
None
Refrigerator, Stoves, Washers, Dryer in main house | Refrigerator, Stove, Dishwasher, Washer, Dryer in secondary dwelling unit.
Freezer in lower level, Refrigerators in individual bedrooms, Furniture & Beds in all bedrooms, Bed in Coachhouse
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