Ottawa, ON K1N6S5,121 OSGOODE STREET
Ottawa, ON K1N6S5,121 OSGOODE STREET
Ottawa, ON K1N6S5,121 OSGOODE STREET
Ottawa, ON K1N6S5,121 OSGOODE STREET
Ottawa, ON K1N6S5,121 OSGOODE STREET
Ottawa, ON K1N6S5,121 OSGOODE STREET
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$ 1,320,000
Est. payment | /mo

8 Beds

4 Baths

2,000 SqFt


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$ 1,320,000
Est. payment | /mo
Save

8 Beds

4 Baths

2,000 SqFt

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 2,000 sqft

Price per Sqft $660

Subdivision 4004 - Sandy Hill

MLS® Listing ID X12718764

Bedrooms 8

Property Description

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:24570)

Location

Province ON

Rooms

Kitchen 0.0

Interior

Heating Forced air

Cooling None

Exterior

Parking Features No

View Y/N No

Total Parking Spaces 2

Private Pool No

Building

Story 3

Sewer Sanitary sewer

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Listed by RE/MAX HALLMARK REALTY GROUP

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121 OSGOODE STREET