About this property

Incredible investment opportunity in the heart of Old Ottawa South! This fully tenanted multi-unit property sits on an expansive 30' x 161' lot and features a newer 3,000 sq. ft. addition, creating four self-contained apartments in total.The building includes one spacious 3-bedroom unit, two well-appointed 2-bedroom units, and one 1-bedroom unit. The original front unit has been tastefully updated with hardwood floors, granite countertops, modern cabinetry, and a renovated bathroom. It also features its own furnace (2020), A/C (2017), and rented hot water tank. The 2017 addition was thoughtfully constructed with two furnaces and two central A/C units. Additional improvements include roof (2017) and sump pump (2017). The property is serviced by 3 hydro meters, 3 gas meters, and 1 water meter. All units offer the convenience of in-unit laundry. Currently generating $11,349.31 in gross monthly rental income with a 6.3% cap rate. The property is legal as it stands, and the City of Ottawa has suggested potential for a 5-plex configuration, offering future upside for increased income.

Features & finishes

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Air Conditioning

Basement

Property details

MLS® Number	X12813150
Status	Active
Listing Type	For Sale
Property Type	Commercial
Interior Size	4,782 sq ft
Beds / Baths	0 bed · 0 bath
City	Glebe - Ottawa East and Area
Postal Code	K1S 2W9
Province	ON
Listed Date	February 23, 2026
Days on Market	164
Price per Sq Ft	$355
Brokerage	ROYAL LEPAGE PERFORMANCE REALTY