Experience a rare blend of modern luxury and high-yield investment at 36 Ontario Street, a stunning 2016-built triplex generating over $124,000 in annual rental income. Nestled on a quiet street just steps from the Rideau River, this property offers an unparalleled lifestyle in a thriving neighbourhood, all while staying minutes from downtown Ottawa and within walking distance to every imaginable amenity. Boasting approximately 7,500 square feet of sophisticated interior space, the building is defined by its striking stone facade and premium finishes. Inside, you will find hardwood flooring, quartz countertops, custom cabinetry, nine-foot ceilings, and massive windows that bathe every floor in natural light. The exterior is designed for both security and leisure, featuring four private balconies, a garage, and an expansive rooftop patio capable of hosting 20 or more guests, all protected by a modern camera system. The floor plans are remarkably generous and versatile. Unit 1 offers three bedrooms, a main-floor office, three full bathrooms, and exclusive access to the rooftop terrace. Unit 2 is exceptionally spacious, providing five bedrooms plus a den, three and a half bathrooms, three separate entrances, and a cold storage room. Unit 3 completes the building with four bedrooms plus a den and two and a half bathrooms. The investment potential here is truly future-proof. Unit 2 is already roughed-in for a kitchen and features a separate entrance, providing a straightforward path to a legal four-plex conversion. Furthermore, the property sits within the City of Ottawa's newly approved N4B zoning transect. This powerful designation supports significant intensification, allowing for heights up to four storeys and expanded permissions for multi-unit or professional mixed-use redevelopment. With strong existing income, high-end modern finishes, and flexible growth potential, 36 Ontario Street represents a rare and prestigious opportunity in the heart of the capital. (id:47421)
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Detailed Information
Bedrooms
9+3
Bathrooms
9
Lot
50 x 99.75 ft
Amenities Nearby
Public Transit
Features
Lighting
Listing Contract Date
2026-03-01
Location Description
Cross Streets: Ontario Street and North River Road. ** Directions: From Vanier Parkway, turn left onto Donald Street and then turn right onto North River Road and then right onto Ontario Street.
# of Parking Spaces
4
Property Type
Multi-family
Structures
Patio(s)
Transaction Type
For sale
Views
City view
Waterfront Name
Rideau River
Building
Appliances
Garage door opener remote(s), All
Basement Development
Finished
Basement Features
Separate entrance
Basement Type
N/A, N/A (Finished)
Cooling Type
Central air conditioning
Exterior Finish
Stone
Fire Protection
Security system
Foundation Type
Block
# of Half Bathrooms
3
Heating Fuel
Natural gas
Heating Type
Forced air
Stories Total
3
Type
Triplex
Utility Water
Municipal water
Parking Spaces
Name
Spaces
Attached Garage
Garage
Land
Total Size
50 x 99.8 FT
Amenities
Public Transit
Sewer
Sanitary sewer
Size of Irregular Land
50 x 99.8 FT
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