Turnkey 6-unit investment opportunity in a strong rental location with significant upside potential. This well-maintained building features 2 two-bed, 2 two-bed + den, and 2 one-bed units with a current gross income of $102,316.92 and NOI of $73,429.92. Recent capital improvements include a full roofing system replacement in 2025, extensive masonry repairs in 2025 including brick replacement, repointing and structural crack remediation, and front entrance landscaping and concrete work completed in 2024. The pride of ownership is evident throughout with meticulously maintained exterior, common areas and landscaping. Unit mix offers strong rental growth potential, with the most recent lease (Unit 3) achieving $2,000/month, highlighting upside on remaining two-bedroom units. The property includes 6 parking spaces and a garage currently used by the owner. A 2010 survey indicates potential for future development, with a large frontage and irregular lot allowing for reconfiguration of parking to unlock additional density. Additional value-add potential exists in the basement with storage and hydro meter rooms adjacent to Unit 1, offering the possibility of consolidation to enhance unit size or functionality. A rare opportunity to acquire a well-cared-for asset with both immediate income and long-term development potential.
Property Type:
Residential Freehold
Property Sub Type:
Multiplex
Home Style:
3-Storey
Total Approx Floor Area:
3500-5000
Lot Depth:
0'0 m
Lot Frontage:
176'4"53.7 m
Lot Shape:
Irregular
Direction Faces:
South
Bedrooms:
8+2
Bathrooms:
6.0
Water supply:
Municipal
Kitchens:
6
Kitchens in Basement:
2
Bedrooms Above Grade:
8
Bedrooms Below Grade:
2
Kitchens Above Grade:
4
Rooms Above Grade:
20
Rooms Below Grade:
8
Heating type:
Radiant
Heating Fuel:
Gas
Foundation:
Concrete
Roof:
Flat
Basement:
Apartment
Fireplace/Stove:
No
Garage:
Detached
Garage Spaces:
1.0
Parking Features:
Available, Reserved/Assigned
Parking Spaces:
6
Total Parking Spaces:
7.0
Family Room:
No
Possession Details:
TBD
Pool:
None
HST Applicable To Sale Price:
Included In
Assessment Year:
2025
Taxes:
$15,678 /
2025
Assessment:
$- /
2025
Ottawa
Glebe - Ottawa East and Area
4405 - Ottawa East
Carpet Free, Separate Hydro Meter
6 HWT's
6 fridge, 6 stove, 2 dishwasher, coin op washer, coin op dryer
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