- Status:
- Active
- Prop. Type:
- Multi-family
- MLS® Num:
- X12718764
- Bedrooms:
- 10
- 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 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: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:
- $9,127 / 2025
- Community:
- 4004 - Sandy Hill
- Exterior Features:
- Wood, Brick
- Structure Type:
- Triplex
- Utilities:
- Sewer, Electricity
- Appliances Included:
- Washer, Refrigerator, Water meter, Stove, Dryer
- Bedrooms:
- 10
- Bedrooms Above Grade:
- 8
- 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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5 Hydro Meters
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Side door to Apt 2 & 3
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Stairs to Apt 4
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Common Laundry Room
Listed by RE/MAX HALLMARK REALTY GROUP
Data was last updated January 21, 2026 at 11:45 PM (UTC)
- DEBRA CHERRY
- CHERRY PICK HOMES
- 1 (613) 5704434
- Contact by Email
Location
292 Somerset Street West
Ottawa, ON, K2P 0J6