- Status:
- Active
- Prop. Type:
- Multi-family
- MLS® Num:
- X13165198
- Bedrooms:
- 8
- Bathrooms:
- 4
- Photos (48)
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Exceptional turnkey investment opportunity in the heart of Sandy Hill, just one block from the University of Ottawa. This Victorian triplex with a legal secondary dwelling unit has four highly desirable & spacious apartments. 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) and new kitchen & paint in Apartment 3 (2026) . Current monthly rents are as follows: Apartment 1 - $1,734; Apartment 2 - $2,150; Apartment 3 - $2050; Apartment 4 - $1750; with 2 % rent increases for Apt 1 & 4 coming in Sept. Additional income is generated through parking ($4,080 annually) and coin-operated laundry ($1,000 annually), resulting in a total income of $98,008, a strong net operating income of $76,512 & a Cap Rate of 5.89%. With five individual hydro meters providing efficient utility management, a fire retrofit certificate on file, and consistent demand driven by the property's proximity to the University of Ottawa, this asset offers both operational simplicity and long-term reliability. Significant upside remains available through future rent growth as apartments turn over - making this a compelling addition to any investment portfolio. (id:2493)
- Property Type:
- Multi-family
- Property Attached:
- Yes
- Living Area (Min):
- 2,000 sq. ft.
- Living Area (Max):
- 2,500 sq. ft.
- Zoning:
- R5C
- Taxes:
- $9,164 / 2026
- Community:
- 4004 - Sandy Hill
- Exterior Features:
- Wood, Brick
- Structure Type:
- Triplex
- Utilities:
- Sewer, Electricity
- Appliances Included:
- Washer, Refrigerator, Water meter, Stove, Dryer, Water Heater
- Bedrooms:
- 8
- Bedrooms Above Grade:
- 6
- Bedrooms Below Grade:
- 2
- Bathrooms:
- 4.0
- Cooling:
- None
- Fireplace:
- No
- Foundation:
- Stone
- Heating:
- Forced air, Natural gas
- # Storeys:
- 3.0
- Water:
- Municipal water
- Sewer:
- Sanitary sewer
- Basement:
- Apartment in basement, N/A
- Lot Frontage:
- 27'
- Lot Details:
- 27 x 52.5 FT
- Lot Features:
- Flat site
- Parking:
- No Garage
- Total Parking Spaces:
- 2
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Beautiful Victorian 4 unit building & new porch! -
5 Hydro meters
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Purpose built staircase to apt 4
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Side door entrance for Apt 2 & 3
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Apt 1 Front door and foyer
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Apt 1 Living Room
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Apt 1 Living Room
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Apt 1 Living Room
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Apt 1 Kitchen
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Apt 1 Kitchen
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Apt 1 Kitchen & Dining area
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Photo 12 of 48
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Apt 1 Bed 1 with large window
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Apt 1 Bed 1 with large closet
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Apt 1 Bed 2
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Apt 1 Bath
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Apt 2 Kitchen
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Apt 2 Kitchen
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Apt 2 Kitchen with eating area
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Apt 2 Living Rm
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Apt 2 Living Rm & Dining
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Apt 2 Living Rm & Dining
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Apt 2 Bath
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Apt 2 Bed 1.
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Apt 2 Bed 1 with big closet
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Apt 2 Bed 2
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Apt 2 Bed 2
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Apt 2 Bed 2 with balcony access
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Newly rebuilt front porch and balcony for Apt 2
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Apt 3
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Apt 3 Kitchen
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Apt 3 Kitchen
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Apt 3 Living Room w skylight
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Apt 3 Living Room w skylight
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Apt 3 Living Room w skylight
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Apt 3 bathroom
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Apt 3 Bed 1
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Apt 3 Bed 1
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Apt 3 Bed 2
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Apt 4 Foyer
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Apt 4 New Kitchen
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Apt 4 Living Room
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Apt 4 Living Room
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Apt 4 New Kitchen & Dining
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Apt 4 Bed 1
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Apt 4 Bed 2
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Apt 4 Bathroom
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Coin Operated Laundry Room
Listed by RE/MAX HALLMARK REALTY GROUP
Data was last updated May 23, 2026 at 10:15 AM (UTC)
- DEBRA CHERRY
- CHERRY PICK HOMES
- 1 (613) 6120355
- Contact by Email
Location
292 Somerset Street West
Ottawa, ON, K2P 0J6