$1,299,000
FOR SALE

Triplex 3-Storey

Bedrooms: 8Bathrooms: 4Lot: 27 x 52.5 ft
2025 Taxes: $9,164

121 Osgoode St
Lower Town - Sandy Hill, ON K1N 6S5 | 4004 - Sandy Hill | Ottawa

Exceptional turnkey investment opportunity in the heart of Sandy Hill, just one block from the University of Ottawa. This Victorian triplex with a legal secondary dwelling unit has four highly desirable & spacious apartments. Each thoughtfully updated suite features two bedrooms, one bathroom, hardwood flooring, and impressive high ceilings, creating bright and inviting living spaces. Recent capital improvements include a new roof (2016), furnace (2019), tankless hot water system (2011), rebuilt front porch (2025), and a newly renovated kitchen in Apartment 4 (2025). Current monthly rents are as follows: Apartment 1 - $1,734; Apartment 2 - $2,150; Apartment 3 - $2050; Apartment 4 - $1750; with 2 % rent increases for Apt 1 & 4 coming in Sept. Additional income is generated through parking ($4,080 annually) and coin-operated laundry ($1,000 annually), resulting in a total income of $98,008, a strong net operating income of $76,512 & a Cap Rate of 5.89%. With five individual hydro meters providing efficient utility management, a fire retrofit certificate on file, and consistent demand driven by the property's proximity to the University of Ottawa, this asset offers both operational simplicity and long-term reliability. Significant upside remains available through future rent growth as apartments turn over - making this a compelling addition to any investment portfolio.
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Listed By RE/MAX HALLMARK REALTY GROUP
Data Provided By Toronto Regional Real Estate Board
MLS® Listing Number X13165198
Last Updated May 22, 2026
Property Summary
Property Type Triplex

More like this:
PIN 042090039
Legal Description PT LT 12, PL 14349 , E/S NELSON ST, AS IN N560332 ; OTTAWA/NEPEAN. T/W N321137.
Possession Date TBA
Taxes (2025) $9,164
Directions/Cross Streets Osgoode and Nelson
Neighbourhood 4004 - Sandy Hill
Area Ottawa
Price History

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Detailed Information
Fronting On North
Special Designations Other
Bedrooms 8
Bathrooms 4
Lot 27 x 52.5 ft
Exterior Brick
Air Conditioning None
Basement Apartment
Garage Type None
Parking Spaces 2
Heat Source Gas
Heat Type Forced Air
Sewers Sewer

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