Nest Seekers

This is a rare opportunity to acquire two neighboring, income producing multi family buildings on one title in Ottawa's historic Lowertown.

Lower Town - Sandy Hill K1N 8H1
Canada

Listing

Web ID:5324397
Website:https://www.nestseekers.com/5324397

Property

Ownership: For Sale
Type: Unknown

Financials

Price:C3,999,000
($2,806,300)
(€2,504,400)
Annual Taxes:C34,765

Description

This is a rare opportunity to acquire two neighboring, income-producing multi-family buildings on **one title** in Ottawa's historic Lowertown. Comprising 14 residential units (7 per building), this stabilized investment is ideally located just minutes from the ByWard Market, Rideau Centre, the University of Ottawa, and major government employment hubs. The majority of suites are in excellent condition, with only a few offering value-add potential through light cosmetic updates and rental optimization. Major capital improvements-including roofs, windows, electrical upgrades, and efficient electric heat pumps-have already been completed, helping minimize near-term capital expenditures. Positioned in one of Ottawa's most desirable urban rental markets, the property benefits from strong demand driven by students, young professionals, and government employees. An assumable CMHC-insured mortgage is available, and the property is held in a standalone corporation, presenting a compelling opportunity for investors seeking stable cash flow with long-term upside.

Contact

Simcoe County, Ontario
Angelo Ferlisi
9 Queen Street Unit 7, Cookstown, Ontario
Phone: +1 905-851-9099
onadmin@nestseekers.com
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