122-124 Cobourg Street,Ottawa, ON K1N8H1
Ottawa, ON K1N8H1
Description
This is a rare opportunity to acquire two neighboring, income-producing multi-family buildings on **one title** in Ottawa's historic Lowertown. Comprising 14 residential units (7 per building), this stabilized investment is ideally located just minutes from the ByWard Market, Rideau Centre, the University of Ottawa, and major government employment hubs. The majority of suites are in excellent condition, with only a few offering value-add potential through light cosmetic updates and rental optimization. Major capital improvements-including roofs, windows, electrical upgrades, and efficient electric heat pumps-have already been completed, helping minimize near-term capital expenditures. Positioned in one of Ottawa's most desirable urban rental markets, the property benefits from strong demand driven by students, young professionals, and government employees. An assumable CMHC-insured mortgage is available, and the property is held in a standalone corporation, presenting a compelling opportunity for investors seeking stable cash flow with long-term upside. (id:13843)
Details
| MLS # | X12851986 |
|---|---|
| Listing Type | For Sale |
| Status | Active |
| Days On Site | 234 |
| Listing Provided By | EXP REALTY | Marc Papineau |
Features
| Zoning | R5C H(18) F(2.0) |
|---|
Interior
| Cooling | Fully air conditioned |
|---|---|
| Heating | Baseboard heaters, Forced air |
| Appliances | All |
| Fireplace Yes / No | No |
Utilities
| Water Source | Municipal water |
|---|
Taxes
| Tax Annual Amount | 34765 |
|---|---|
| Tax Year | 2025 |
Area Information
| Province | ON |
|---|---|
| City | Ottawa |
| Postal Code | K1N8H1 |
| Listing VS Median (in K1N8H1) | |
Price: $3,999,000 low | high Med: $0 On site: 234 low | high Med: | |
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Learn More About This Property
| Province | ON |
|---|---|
| City | Ottawa |
| Postal Code | K1N8H1 |
| Listing VS Median (in K1N8H1) | |
Price: $3,999,000 low | high Med: $0 On site: 234 low | high Med: | |