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$ 1,485,000
Est. payment | /mo
$ 1,485,000
Est. payment | /mo
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Subdivision 4404 - Old Ottawa South/Rideau Gardens
MLS Listing ID X13042546
Annual Tax Amount $10,676
Tax Year 2025
Property Sub-Type Investment
Property Description
Exceptional opportunity to own a turnkey 5-unit income property in sought-after Rideau Gardens, just steps from the scenic Rideau River and Brighton Beach Park. The building offers a unit mix of four 1-bedroom apartments and one spacious 4-bedroom unit, appealing to a wide tenant base. Four of the five units are tastefully renovated, making this a true turnkey investment at a 6% CAP rate! One of the 1-bedroom units can be vacant upon possession, providing flexibility for an owner-occupier or the opportunity to set market rent. Located in a quiet, established neighborhood with easy access to parks, pathways, transit, and amenities, the property also features parking for five vehicles - a rare and valuable bonus in this prime location with spectacular views from large balconies. A strong, income-producing asset in one of Ottawa's most desirable river-adjacent communities.
Location
Province ON
County Ottawa
Area Ottawa
Zoning R2R[1474], Unassigned
Interior
Cooling Yes
Inclusions Two portable AC units & all appliances.
Exterior
Parking Features None
Utilities Available Yes
Building
Lot Description Lot
Lited by EXP REALTY
Schools and Properties Nearby