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$ 2,199,999
Est. payment | /mo
12 Beds
9 Baths
$ 2,199,999
Est. payment | /mo
12 Beds
9 Baths
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 700-1100
Subdivision 3501 - Overbrook
MLS Listing ID X12450865
Style 3-Storey
Bedrooms 12
Annual Tax Amount $16,500
Tax Year 2024
Property Sub-Type Triplex
Property Description
Experience modern luxury and smart investing at 36 Ontario Street - a 2016-built triplex that pairs upscale design and finishes with $124K+ in annual rental income, all just steps from the Rideau River and minutes to downtown Ottawa. Tucked away on a quiet street just steps from the Rideau River, parks, and public transit and only minutes to downtown Ottawa - this property delivers both lifestyle appeal and investment value in a thriving up-and-coming area. Each unit showcases upscale finishes, including hardwood flooring, quartz countertops, custom kitchen cabinetry, 9-foot ceilings, and oversized windows that flood the interiors with natural light. The exterior is equally striking with a stone façade, four balconies, a garage, a rooftop patio that comfortably hosts 20+ guests and a modern exterior camera system for added security. Unit 1: 3 bedrooms, main-floor office, 3 full bathrooms, and exclusive rooftop access. Unit 2: 5 bedrooms plus den/office, 3.5 bathrooms, 3 separate entrances, and cold storage room. Unit 3: 4 bedrooms plus den, and 2.5 bathrooms.Currently generating $124,000+ in gross annual rent, this turnkey property offers stable cash flow with significant upside. Unit 2 presents a straightforward path to a fourplex conversion already roughed in for a kitchen and has a separate entrance. Looking ahead, the City of Ottawas proposed zoning bylaw changes - expanding permissions for three-storey buildings across more neighbourhoods create opportunities for professional office use or mixed-use redevelopment.With strong income, modern finishes, and flexible future potential, 36 Ontario Street is a rare opportunity in the heart of Ottawa.
Location
Province ON
County Ottawa
Community 3501 - Overbrook
Area Ottawa
Body of Water Rideau River
Rooms
Basement Separate Entrance, Finished
Kitchen 3
Interior
Interior Features Auto Garage Door Remote
Cooling Central Air
Inclusions All appliances
Exterior
Parking Features Attached
Garage Spaces 1.0
Pool None
View City
Roof Type Flat
Total Parking Spaces 4
Building
Foundation Concrete Block
Lited by REAL BROKER ONTARIO LTD.