$2,990,000
FOR SALE

Investment

Lot: 166.64 x 122.17 ft
2025 Taxes: $13,982

6610 FOURTH LINE Rd Fourth Line Rd
Manotick - Kars - Rideau Twp And Area, ON K0A 2T0 | 8009 - North Gower | Ottawa

Institutional-quality, cash-flow-positive investment offering long-term stability with embedded upside. This mostly renovated multi-unit asset has been thoughtfully upgraded to support predictable income, low operating risk, and strong tenant retention. Five units have been renovated within the past two years, two additional units within the past five years, while the attached three-bedroom residence remains largely unrenovated, presenting a clear and controllable value-add opportunity through modernization and rent repositioning.The property is engineered to run lean. A commercial-grade septic system and new septic bed, completed within the last two years, paired with upgraded electrical infrastructure and full separate metering, ensures operating efficiency while pushing utility costs directly to tenants. A new private well eliminates water expenses entirely, and the absence of municipal services results in consistently low property taxes, materially strengthening net operating income and long-term yield.Operational stability is further enhanced by a long-term tenant occupying the attached residence who also serves as an on-site caretaker. In exchange for below-market rent, this tenant provides snow removal, lawn care, routine maintenance, and minor repairs - services not reflected in operating expenses - effectively stabilizing cash flow and reducing management exposure without increasing overhead. Four units are wheelchair accessible, offering a durable competitive advantage in a market with an aging demographic and limited accessible housing supply. These units remain in high demand, support strong tenant quality, and contribute to low vacancy and turnover. The building is well maintained, tenanted by clean, long-term occupants, and requires no immediate capital expenditures. This asset delivers reliable income today with measured upside tomorrow, making it ideal for investors seeking strong in-place cash flow, low expense ratios.
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Listed By EXP REALTY
Data Provided By Toronto Regional Real Estate Board
MLS® Listing Number X12767868
Last Updated Mar 06, 2026
Property Summary
Property Type Investment

More like this:
Use Apts - 6 To 12 Units
PIN 039120264
Possession Date Flexible
Taxes (2025) $13,982
Directions/Cross Streets 417W to 416S exit towards 401, take exit 49 for Ottawa regional road, turn right on Roger Stevens Drive, Turn right on Fourth Line Road
Neighbourhood 8009 - North Gower
Area Ottawa
Price History

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Detailed Information
Freestanding Y
Lot 166.64 x 122.17 ft
Air Conditioning Yes
Garage Type Outside/Surface
Heat Type Electric Hot Water

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