Exceptional turnkey investment opportunity in the heart of Sandy Hill, just one block from the University of Ottawa. This legal triplex with a secondary dwelling unit comprises four highly desirable, income-producing apartments, perfectly positioned for consistent student rental demand. 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 - $1,850; Apartment 3 - $1,834; Apartment 4 - $1,750. The property is equipped with five hydro meters, allowing for efficient utility management. Additional income is generated through parking ($4,080 annually) and coin-operated laundry ($1,000 annually), resulting in a strong net operating income of $69,600, with considerable upside potential through future rent increases. Notably, Apartments 2 and 3 will become vacant on April 30, 2026, providing the incoming owner with an opportunity to set market rents. A fire retrofit certificate is on file. A rare offering and a true cornerstone asset for any investment portfolio. (id:47421)
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Detailed Information
Bedrooms
6+2
Bathrooms
4
Lot
27 x 52.5 ft
Features
Flat site
Listing Contract Date
2026-01-21
Location Description
Cross Streets: Osgoode and Nelson. ** Directions: King Edward to Osgoode.
# of Parking Spaces
2
Property Type
Multi-family
Structures
Porch
Transaction Type
For sale
Zoning Description
R5C
Building
Appliances
Water meter, Dishwasher, Dryer, Stove, Washer, Refrigerator
Basement Features
Apartment in basement
Basement Type
N/A
Cooling Type
None
Exterior Finish
Brick, Wood
Foundation Type
Stone
Heating Fuel
Natural gas
Heating Type
Forced air
Stories Total
3
Type
Triplex
Utility Water
Municipal water
Parking Spaces
Name
Spaces
No Garage
Utilities
Type
Description
Electricity
Installed
Sewer
Installed
Land
Total Size
27 x 52.5 FT
Sewer
Sanitary sewer
Size of Irregular Land
27 x 52.5 FT
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