$2,195,000
FOR SALE

Fourplex 3-Storey

Bedrooms: 16Bathrooms: 8Lot: 33 x 99 ft
2025 Taxes: $15,509

59 Concord St N
Glebe - Ottawa East And Area, ON K1S 0Y5 | 4408 - Ottawa East | Ottawa

Welcome to 59 Concord Street - a rare opportunity to acquire a purpose-built fourplex in the heart of Sandy Hill, steps to the University of Ottawa and the Rideau Canal. Built in 2016, this Class A, fully stabilized asset sits in one of Ottawa's strongest and most consistent rental corridors.The property consists of four identical 4-bedroom, 2-bathroom units, purpose-designed to maximize rental income and tenant demand. Each suite features dark hardwood flooring, durable tile and vinyl surfaces, and open-concept layouts filled with natural light. Contemporary kitchens showcase two-toned cabinetry, granite countertops, stainless steel appliances, and oversized center islands with breakfast bars overlooking spacious living and dining areas.Every unit is equipped with in-suite laundry, independent HVAC systems (furnace and A/C), tankless hot water tanks, video intercom entry, fob access, and enhanced soundproofing between units - a premium feature that reduces turnover and increases tenant satisfaction. The building also offers secure keypad entry and 24/7 video surveillance, reinforcing safety and long-term tenant appeal.Four identical units. Units come fully furnished. Offered all inclusive, water, gas, hydro. Fully tenanted. The turnkey nature of this asset ensures minimal operational complexity and strong tenant retention.Located within walking distance to the ByWard Market, Parliament Hill, and major transit routes, this is a high-demand micro-location with consistent rental performance driven by proximity to the University of Ottawa and downtown employment hubs.Strong financial profile with an NOI of $105,500.30 at a 4.8% cap rate. A clean, modern, income-producing asset built right, positioned right, and engineered for long-term performance - an exceptional addition to any serious investor's portfolio.
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Listed By EXP REALTY
Data Provided By Toronto Regional Real Estate Board
MLS® Listing Number X13039300
Last Updated Apr 27, 2026
Property Summary
Property Type Fourplex

More like this:
PIN 042040064
Legal Description PT LT 5, PL 48 , PART 2 , 5R5110 , E CONCORD ST ; OTTAWA/NEPEAN
Possession Date TBD
Taxes (2025) $15,509
Directions/Cross Streets Concord and Montcalm
Neighbourhood 4408 - Ottawa East
Area Ottawa
Price History

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Detailed Information
Fronting On North
Special Designations Other
Bedrooms 16
Bathrooms 8
Lot 33 x 99 ft
Exterior Brick
Air Conditioning Central Air
Basement Apartment
Garage Type None
Heat Source Gas
Heat Type Forced Air
Sewers Sewer

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