$1,998,000
FOR SALE

Investment

Lot: 40.33 x 100 ft
2025 Taxes: $12,677.41

152 Goulburn Ave
Lower Town - Sandy Hill, ON K1N 8E2 | 4004 - Sandy Hill | Ottawa

Turnkey prime investment opportunity. Purpose-built legal 6 unit multifamily in the heart of Sandy Hill. Very desirable rental market neighbourhood walking distance to Ottawa University. Stately all brick building. GOI $138, 257. Expenses $29,689. NOI $108,568. Currently offering at a 5% cap rate. Well maintained. Provides steady returns. Never a vacancy. Cooperative tenants. 2 one bedroom units, 2 two bedroom units and 2 three bedroom units. Very spacious units with eat-in kitchens and large living rooms. 5 units have a washer and dryer. Also included: 6 fridges, 6 stoves, hood fans and 6 hot water tanks. 5 parking spaces behind the building. Currently only two are rented. Updates include: Repaired foundation masonry/repair foundation spray foam in 2025 ($5200), Replaced boiler venting in 2024 ($3978), New washer/dryer in Unit 5 in 2023($1604), Full patch and paint for Unit 2 in 2022 ($1700), Added attic insulation in 2020 ($2316), Flushed, reamed and installed liner on main plumbing stack to City connection in 2017 ($6600), New front first floor windows 2016, Appliances between 2011-2016, Apt 5 completely renovated in 2015, Front porch/balcony 2012 & 2016, Roof 2011, Copper wiring 2011, Natural gas boiler 2006 and many more minor improvements. Walking distance to UOttawa LRT Station, the Rideau Centre, ByWard Market, Strathcona Park, Rideau River, etc. Financials, 2025 Fire report and rent roll attached. 24 hours notice is required for showings.
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Listed By MARILYN WILSON DREAM PROPERTIES INC.
Data Provided By Toronto Regional Real Estate Board
MLS® Listing Number X12886582
Last Updated Apr 27, 2026
Property Summary
Property Type Investment

More like this:
Use Apts - 6 To 12 Units
PIN 042060073
Legal Description LTS 37 & 38, PL 98628 , EXCEPT AS IN CR128925, S/T & T/W ROW AS IN N491799 ; OTTAWA
Possession Date Immediate
Taxes (2025) $12,677.41
Directions/Cross Streets Goulburn Avenue & Somerset Street E
Neighbourhood 4004 - Sandy Hill
Area Ottawa
Price History

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Detailed Information
Freestanding Y
Lot 40.33 x 100 ft
Air Conditioning No
Basement Basement
Garage Type None
Parking Spaces 5
Heat Type Gas Hot Water

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