Dows Lake - Civic Hospital And Area, ON K1Y 1X1,7 Gwynne AVE
Dows Lake - Civic Hospital And Area, ON K1Y 1X1,7 Gwynne AVE
Dows Lake - Civic Hospital And Area, ON K1Y 1X1,7 Gwynne AVE
Dows Lake - Civic Hospital And Area, ON K1Y 1X1,7 Gwynne AVE
Dows Lake - Civic Hospital And Area, ON K1Y 1X1,7 Gwynne AVE
Dows Lake - Civic Hospital And Area, ON K1Y 1X1,7 Gwynne AVE
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$ 1,689,900
Est. payment | /mo

4 Beds

4 Baths


Save
$ 1,689,900
Est. payment | /mo
Save

4 Beds

4 Baths

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Approx. Sqft 1500-2000

Subdivision 4504 - Civic Hospital

MLS Listing ID X12388102

Style 3-Storey

Bedrooms 4

Annual Tax Amount $3,300

Tax Year 2024

Property Sub-Type Duplex

Property Description

UNDER CONSTRUCTION - Charming brownstone-inspired design investment property in the heart of the Civic Hospital neighbourhood, perfectly positioned for steady rental demand from medical staff, students and urban professionals. This two-unit building features a generous 3-bedroom, 3-floor duplex (Unit 1) plus a bright 1-bed/1bath apartment (Unit 2). Expected 3.8% cap rate; tenants pay all utilities. Property highlights: Unit 1: Three bedrooms spread over three floors bright, townhouse-style layout with classic brownstone curb appeal Unit 2: One bedroom, one bathroom efficient and easy to lease Attractive façade and modern interior finishes (brownstone-modelled design)Tenants responsible for all utilities simplifies owner expenses and management Ideal investment for doctors, nurses or investors seeking close proximity to healthcare employment Neighbourhood & lifestyle: In the Civic Hospital area steps to The Ottawa Hospital (Civic campus) and rapid access to transit Short walk to Little Italy: excellent cafés, authentic Italian restaurants and specialty grocers for memorable dining and shopping Scenic walks along the Rideau Canal and around Dows Lake spectacular tulip displays each spring and beautiful water views year-round Central Experimental Farm and its botanical gardens: peaceful walking paths and seasonal displays right nearby Enjoy skating on the 7.8 km Rideau Canal Skate way in winter and lively outdoor recreation in warmer months Investment notes: Expected cap rate: 3.8% (prospective buyers should verify figures and review income/expense statements)Strong tenant pool due to proximity to hospitals, research and schools For full financials, floor plans and to schedule a showing, contact the listing agent. This is a rare opportunity to own a stylish, income-producing property in one of the city's most desirable, walkable neighbourhoods. (Under construction, expected completion November 30th, 2025) Raised basement apartment 602 sqft. Simi-detached

Location

Province ON

County Ottawa

Community 4504 - Civic Hospital

Area Ottawa

Rooms

Family Room No

Basement Apartment

Kitchen 2

Interior

Interior Features Carpet Free

Cooling Central Air

Fireplace No

Heat Source Gas

Exterior

Pool None

Waterfront Description None

Roof Type Membrane

Lot Frontage 22.97

Lot Depth 58.37

Building

Foundation Poured Concrete

Listed by ROYAL LEPAGE INTEGRITY REALTY

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7 Gwynne AVE