Exceptional turnkey investment opportunity in the heart of Sandy Hill, just one block from the University of Ottawa. This Victorian triplex with a legal secondary dwelling unit has four highly desirable & spacious apartments. Each thoughtfully updated suite features two bedrooms, one bathroom, hardwood flooring, and impressive high ceilings, creating bright and inviting living spaces. Recent capital improvements include a new roof (2016), furnace (2019), tankless hot water system (2011), rebuilt front porch (2025), and a newly renovated kitchen in Apartment 4 (2025) and new kitchen & paint in Apartment 3 (2026) . Current monthly rents are as follows: Apartment 1 - $1,734; Apartment 2 - $2,150; Apartment 3 - $2050; Apartment 4 - $1750; with 2 % rent increases for Apt 1 & 4 coming in Sept. Additional income is generated through parking ($4,080 annually) and coin-operated laundry ($1,000 annually), resulting in a total income of $98,008, a strong net operating income of $76,512 & a Cap Rate of 5.89%. With five individual hydro meters providing efficient utility management, a fire retrofit certificate on file, and consistent demand driven by the property's proximity to the University of Ottawa, this asset offers both operational simplicity and long-term reliability. Significant upside remains available through future rent growth as apartments turn over - making this a compelling addition to any investment portfolio. (id:49993)
| MLS® Number | X13165198 |
| Property Type | Multi-family |
| Community Name | 4004 - Sandy Hill |
| Features | Flat Site |
| Parking Space Total | 2 |
| Structure | Porch |
| Bathroom Total | 4 |
| Bedrooms Above Ground | 6 |
| Bedrooms Below Ground | 2 |
| Bedrooms Total | 8 |
| Appliances | Water Meter, Dryer, Stove, Water Heater, Washer, Refrigerator |
| Basement Features | Apartment In Basement |
| Basement Type | N/a |
| Cooling Type | None |
| Exterior Finish | Brick, Wood |
| Foundation Type | Stone |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Stories Total | 3 |
| Size Interior | 2,000 - 2,500 Sqft |
| Type | Triplex |
| Utility Water | Municipal Water |
| No Garage |
| Acreage | No |
| Sewer | Sanitary Sewer |
| Size Depth | 52 Ft ,6 In |
| Size Frontage | 27 Ft |
| Size Irregular | 27 X 52.5 Ft |
| Size Total Text | 27 X 52.5 Ft |
| Zoning Description | R5c |
| Electricity | Installed |
| Sewer | Installed |
https://www.realtor.ca/real-estate/29795140/121-osgoode-street-ottawa-4004-sandy-hill
(613) 563-1155
(613) 563-8710
www.hallmarkottawa.com/
(613) 563-1155
(613) 563-8710
www.hallmarkottawa.com/
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