Size
-
Lot size
4922 sqft
Street frontage
-
Possession
Flexible
Price per sqft
$317 - $380
Taxes
$7,111.27 (2025)
Parking Type
-
Style
2-Storey
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Description
Income-generating property featuring two semi-detached homes, each with basement apartments, ideally located within walking distance to Algonquin College. This prime location offers easy access to LRT station(when completed), public transit, and a wide array of nearby amenities including shopping, schools, restaurants, parks, and everyday conveniences making it highly attractive to students, professionals, and long-term tenants alike. The property generates a strong gross annual rental income of $70,972.08, with tenants paying all utilities, keeping operating costs low generating higher NOI. The building is equipped with 4 hydro meters, 2 gas meters, and water sub-metering for efficient and transparent utility management. Basement units are heated by electric baseboard, while the upper units feature forced-air natural gas heating, offering independent and reliable climate control throughout.Under the City of Ottawa's proposed Official Plan, the property is anticipated to fall under MS2 H zoning, which allows for a wide range of mixed-use and intensified development options, subject to City approvals. This zoning framework provides significant long-term redevelopment and value-add potential at this highly desirable, transit-oriented location. A rare opportunity to acquire a high-performing income property with excellent holding income today and exceptional redevelopment potential for the future.
Broker: PAUL RUSHFORTH REAL ESTATE INC.
MLS®#: X12834478
Property details
Parking:
5
Parking type:
-
Property type:
Fourplex
Heating type:
Forced Air
Style:
2-Storey
MLS Size:
2500-3000 sqft
Lot front:
63 Ft
Lot depth:
77 Ft
Listed on:
Mar 2, 2026
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Instant estimate:
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$6,749
higher than listed pricei
High
$1,004,481
Mid
$956,649
Low
$908,816
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