484 Queen Mary Street

484 Queen Mary Street
484 Queen Mary Street
484 Queen Mary Street
+25
11
 bed
5
 bath
6
 parking
3500 - 5000
 sqft
Multiplex
$1,799,900
For Sale
50 days
 on site
$1,799,900
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Size
-
Lot size
6624 sqft
Street frontage
-
Possession
Flexible
Price per sqft
$360 - $514
Taxes
$9,374 (2025)
Parking Type
-
Style
2-Storey
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Description
Fantastic investment opportunity! Well-positioned 6-UNIT building in a rapidly growing area, offering both steady income and future upside. Four units are currently occupied, two at market rents (renovated) and two with long-term tenants paying below-market rents, leaving room for increased returns. Two fully renovated units with modern finishes are vacant, allowing the new owner to set rents and select tenants. Additional income from coin-operated laundry and rentable on-site parking enhances cash flow. The property sits in a prime redevelopment area where older homes are being replaced with multi-unit projects, driving demand and property values. With a generous lot size and R4UC zoning, there is exciting potential for future development. This is a rare chance to acquire a stabilized asset with strong current income and significant appreciation potential ideal for investors seeking both stability and growth. Come see it today!
Broker: LOTFUL REALTY
MLS®#: X12383772
Property details
Parking:
6
Parking type:
-
Property type:
Multiplex
Heating type:
Baseboard
Style:
2-Storey
MLS Size:
3500-5000 sqft
Lot front:
72 Ft
Lot depth:
92 Ft
Listed on:
Sep 5, 2025
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Instant estimate:
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$25,935
lower than listed price
i
High
$1,862,663
Mid
$1,773,965
Low
$1,685,266
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About 484 Queen Mary Street

Located at 484 Queen Mary Street, this Ottawa multiplex is available for sale. 484 Queen Mary Street has an asking price of $1799900, and has been on the market since September 2025. This 3500-5000 sqft multiplex has 11 beds and 5 bathrooms.

For groceries or a pharmacy you'll likely need to hop into your car as there is not much near this multiplex.

If you are looking for transit, don't fear, there is a Bus Stop (DONALD / ST-LAURENT) only a 5 minute walk.