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:
Commercial
Property Sub Type:
Investment
Freestanding:
Yes
Total Area:
5200 sq. ft. Square Feet
Total Area:
5,200 sq. ft.483 m2
Lot Depth:
0'0 m
Lot Frontage:
176'4"53.7 m
Water supply:
Municipal
Zoning:
R1MM
Heating type:
Gas Hot Water
Garage:
Single Detached
Possession Details:
TBD
HST Applicable To Sale Price:
Included In
Assessment Year:
2025
Type Taxes:
Annual
Taxes:
$15,678 /
2025
Assessment:
$- /
2025
Ottawa
Glebe - Ottawa East and Area
4405 - Ottawa East
6 HWT's
6 fridge, 6 stove, 2 dishwasher, coin op washer, coin op dryer
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