INVESTOR ALERT - 5.5% CAP RATE IN LITTLE ITALY.Exceptional opportunity to acquire a 6-unit multi-residential asset in one of Ottawa's most supply-constrained and high-demand rental markets. This property offers a strong and versatile unit mix of three 2-bedroom units, two 3-bedroom units, and one 1-bedroom unit, delivering immediate income with long-term upside. Current cap rate of approximately 5.5% provides a compelling return in a premium urban location. Two units feature large private decks, a rare value-add in central Ottawa that supports tenant retention and potential rental premiums. A rear parking lot further enhances tenant demand and income stability. Numerous updates and renovations have already been completed, reducing near-term capital expenditures, while remaining cosmetic improvements present a clear opportunity to further increase rents and overall asset value. Each unit offers functional layouts with generous living spaces, appealing to a broad tenant base including professionals, families, and students. The location drives consistent occupancy, situated steps from Preston Street's vibrant restaurant and retail corridor, and minutes to Dow's Lake, the Arboretum, Carleton University, the O-Train, and major downtown employment hubs. This is a rare chance to secure a 6-plex in Little Italy at a 5.5% cap rate-a combination of yield, location, and upside that is increasingly difficult to find. Ideal for investors seeking strong cash flow, future rent growth, and long-term appreciation. Act quickly. Some images have been virtually staged to protect tenant privacy. (id:2493)More details
Welcome to this exceptional investment opportunity in the heart of Ottawa Centre! This multi-unit income property features 4 + 1 units-one studio, three 1-bedroom apartments and one 2-bedroom apartment. The building underwent a complete gut job, and the roof was done in 2018. The gross yearly income is $115,764 with a net income of $92,954 for 2024. Perfect for investors seeking strong rental income and long-term growth potential in a highly desirable location with a 98% walk score and a 100% bike score, with a bus stop less than a 2-minute walk away. It is close to all amenities, transit and downtown conveniences. (id:2493)More details
Welcome to this exceptional investment opportunity in the heart of Ottawa Centre! This multi-unit income property features 5 + 1 units-one studio and five 1-bedroom apartments. The gross yearly income is $115,260 with a net of $92,740 for 2024. All kitchens and bathrooms have been updated, and the roof was completed in 2018.Perfect for investors seeking strong rental income and long-term growth potential in a highly desirable location, this property offers a 98% walk score and a 100% bike score, with a bus stop less than a 2-minute walk away. It is close to all amenities, transit, and downtown conveniences. (id:2493)More details
ATTENTION BUILDERS & INVESTORS - SHOVEL READY 9 UNIT DEVELOPMENT Vanier, Ottawa. 220 McArthur Avenue represents a rare opportunity to acquire a fully entitled, shovel ready development site in one of Ottawa's fastest intensifying urban corridors. Ideally positioned steps from Vanier Parkway and McArthur Avenue, the site benefits from excellent transit connectivity, proximity to downtown, and strong longterm rental fundamentals. The property is offered at $1.6M as land with approvals, featuring a demolition permit issued and fully approved architectural plans for a 9 unit residential building. All utilities have been fully disconnected, allowing for an immediate and efficient start to redevelopment. Estimated Project Economics (Upon Completion) Approximate Gross Monthly Rental Income: $20,600, Approximate Gross Annual Rental Income: $247,200, Estimated Stabilized Net Operating Income (NOI): ~$181,764 Capitalization Rate Applied: 5.50% Estimated Stabilized Value: ~$3.3M. A future value appraisal has been completed by an AACI designated appraiser, with valuation conclusions based on the above stabilized income assumptions, subject to construction in accordance with the approved plans. Preliminary construction cost guidance suggests approximately $1.8M, subject to final contractor pricing, scope confirmation, and purchaser due diligence. To obtain the final release of approved plans from the City, a known and fully disclosed municipal payment of approximately $95,000 remains outstanding.The project is eligible for CMHC MLI Select financing, offering the potential for below prime interest rates and amortization periods of up to 50 years, significantly enhancing leverage, cash flow, and long term return potential, subject to CMHC and lender approval. NDA required prior to the release of architectural drawings, appraisal materials, supporting documentation, or the scheduling of site visits (id:2493)More details
TURN KEY Investment property in Sandy Hill! Each unit has been taken back to the studs & completely renovated while keeping the rare heritage touches. Gorgeous brick accent walls, magazine worthy kitchen renovations, in-suite laundry & dishwashers in all units- quality & style united! No detail was overlooked & No expense was spared. current NOI of $68,948. 3 parking spots for your tenants or for future extra income. Beyond the stylish interior, the exterior is also completely updated using high quality materials & finishes. Each unit was restored to current ESA & OBC codes. City of Ottawa Building permit & ESA permit available. Ideally located for urban professionals, students, or those who seek the lifestyle of being able to walk everywhere. See attached Information Sheet for property details and financials. (id:2493)More details
Prime, turnkey fourplex in the heart of Sandy Hill with strong cash flow and future upside. Welcome to 339 Chapel Street, a beautifully maintained, tenanted income property in one of Ottawa's most popular rental neighborhoods, steps to the University of Ottawa, transit, parks, the Rideau River, and minutes to downtown. This solid asset is comprised of three (3) well designed 2-bedroom units plus one (1) exceptionally spacious 1 bedroom unit. Tenants enjoy separate hydro meters, in-unit laundry, updated finishes, and functional layouts that consistently attract quality renters.2025 gross income: $104,011.09 approx, yearly expenses of $29,966, delivering an estimated NOI of $74,045 with room for rent optimization over time. Recent improvements provide peace of mind and long-term durability, including windows and metal roof (2021), plus modernized kitchens and bathrooms, updated flooring, and refreshed decks, porches, exterior entryways. The building also features an on-demand tankless hot water system (rental).Extra value add features set this property apart: a sauna in the second floor unit, a large rear deck, second floor balcony, private backyard, and four (4) on-site parking spaces with potential for added revenue. Three of the four units are furnished and most furnishings are included in the sale (excluding the basement unit furnishings).A rare opportunity to acquire a stress free, well maintained multifamily asset in an A+ location, ideal for investors seeking stable income today with meaningful upside tomorrow. (id:2493)More details
Exceptional Triplex in the Heart of Sandy Hill! A rare opportunity to own a fully leased, income-generating property in one of Ottawa's most desirable downtown neighbourhoods. This 3-storey triplex offers modern comfort, strong rental returns, and unbeatable location-perfect for investors or owner-occupiers alike. Each unit is self-contained with its own kitchen, full bathroom(s), and in-unit laundry, ensuring convenience and privacy for all tenants. Unit 1 (Main + Lower): 5-bedroom layout (3 on main, 2 below) with 2 full baths, shared kitchen and laundry, currently rented for $4,150/month. Unit 2 (Second Floor): Bright 2-bedroom + den apartment with full kitchen and laundry, ideal for professionals or students, rented for $1,800/month. Unit 3 (Third Floor): Spacious 2-bedroom unit featuring its own laundry and kitchen, bringing in $1,850/month including parking. Recent updates include a new A/C unit and owned hot water tank (2023). Three on-site parking spaces add further appeal. The property generates an impressive annual gross income of $93,600, with net income of $74,530 (after expenses) - a truly turn-key investment. Landlord pays for the utilities. Most units are available fully furnished, offering flexible options for short-term or long-term rentals. With steady leases signed within the past year and its proximity to Ottawa U, downtown amenities, and the Rideau Canal, this triplex combines strong cash flow with long-term growth potential. A solid investment in a prime downtown location. Don't miss it! (id:2493)More details
Updated and vacant side-by-side duplex with detached over-sized double car garage & loft sitting on a generous 0.68-acre lot, offering space, privacy, and incredible opportunity for investors or multi-generational living. Each side features 3 spacious bedrooms, modern kitchens, and updated bathrooms, providing comfortable, turnkey living. Both units are currently vacant, allowing you to set your own rents or occupy one side while generating income from the other. Each unit includes its own laundry, plus there are two separate furnaces and hot water tanks for efficiency and tenant independence.The property also features a detached garage with a loft and full hydro perfect for a workshop, home studio, or future conversion potential (buyer to verify zoning and usage). Set back on over half an acre, the expansive yard provides plenty of outdoor space for tenants, kids, pets, or future development. With modern finishes throughout, great layout, and strong rental potential, this is a rare find that blends immediate cash flow with long-term upside. (id:2493)More details
Great multi-generational home that offers a wide range of benefits or a fantastic Investment opportunity in the quaint village of Lanark. This solid home has been in the family for over 59 years and has had many updates which some include roof shingles 2019 appx., furnace 2017 appx. Both units have been well maintained and the property shows pride of ownership. The inviting covered verandah draws you in where you can sit and relax and enjoy your morning coffee or a cold drink at the end of the day. Each unit has it's own separate entrance. Unit 112 has 3 bedrooms on the second floor, the main floor offers living room, kitchen, 4 pc bath & laundry/mudroom with access to basement. The basement also has a walk-out. Unit 114 has 2 bedrooms on the second level along with the 4pc bath, the main level offers the living room, kitchen and laundry room. The backyard is oversized and provides both units with loads of green space for little ones to play or create veggie or flower gardens for those with a green thumb. Build a firepit for enjoying in the evenings or roasting marshmallows with the kids. There is plenty to do in & around the area from golfing, boating & in winter snowmobiling and skiing. Only a 20 minute drive will bring you into Perth for extra shopping. The property backs onto the Lanark & District Community Centre - where you can watch local hockey games or rent the ice and have a skating party. There is also a local Youth Centre right next door to the Community Centre. If you have a love of chocolate than visit Village Treats on the main St. Book a showing and see what this property & Lanark Village has to offer. Please note natural gas will be coming to the area very soon. (id:2493)More details
Be the first to live in this immaculate, newly renovated residence on sought-after Preston Street. Perfect for professionals or couples seeking a blend of modern living and urban lifestyle, this unit features 3 bedrooms and 1 stylish, upgraded bathroom with in-unit laundry! Located just steps from parks, transit, and the city's best dining, this home is filled with character and modern touches, boasting an updated kitchen and ample natural light throughout. Backyard access included! Designed for convenience and comfort. (id:2493)More details
Live in the heart of downtown Ottawa at 161 Laurier Avenue West. This bright and well-maintained one-bedroom unit offers an excellent opportunity for University of Ottawa students, downtown professionals, or newcomers settling into the city. The unit may be rented furnished or unfurnished at the same rental rate, providing flexibility to suit your needs. Family and pet-friendly building. Minimum lease term is six (6) months. Rent includes water. Complimentary laundry rooms are available on each floor for residents. Electricity and internet are extra. Parking is available for an additional monthly fee. Ideally located with easy access to public transit, shops, restaurants, government offices, and university campuses. Enjoy the convenience of downtown living with everything just steps away. For more information on other units or to book a showing, email Katherine Cabrera - katherine@katsdailyrealty.com (id:2493)More details
Welcome to your new home in the vibrant and trendy neighbourhood of Hintonburg! This bright and spacious 2 bedroom, 1 bathroom second-floor unit offers a perfect blend of charm and modern convenience. Enjoy the added benefits of a private balcony, a dedicated office space, and in-unit laundry. Located just a stone's throw away from trendy shops and restaurants, you'll also appreciate the close proximity to the highway, bike paths, transit options, and the Civic Hospital. Don't miss this opportunity to live in one of the most sought-after neighbourhoods in Ottawa. (id:2493)More details
Data was last updated March 3, 2026 at 07:15 PM (UTC)
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