122-124 Cobourg Street

Ottawa, ONMulti-family
$3,999,000
MLS® X12851986
Multi-family[object Object]
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About This Property

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. (id:63604)

Key Facts

Type
Multi-family
Lot
33 x 165.66 FT

Highlights

  • All
Property Details 12 details
Living area
0
Property
Multi-family · Attached
Property subtype
Multi-family
Structure type
Multi-Family
Attached status
Attached
Heating
Baseboard heaters, Forced air
Cooling
Fully air conditioned
Fireplace
No
Lot dimensions
33 x 165.66 FT
Frontage
33 feet
Taxes
$34,765.00 (2,025)
Zoning
R5C H(18) F(2.0)
Water source
Municipal water

Interior features

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Purchase price$3,999,000
Down paymentNot available
Mortgage amountNot available
Principal & interestNot available
Property taxesNot available
Condo/HOA feeNot available
Insurance/OtherNot available
UtilitiesNot available
Est. monthly totalNot available
Income needed (GDS 32%)Not available
Estimates only. Not financial advice. Rates, taxes and fees vary by lender and municipality.

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Neighbourhood

Area
4002 - Lower Town
City
Ottawa
Postal code
K1N 8H1
Nearby
Cross Streets: Rideau and Cobour. ** Directions: From 417, take the King Edward Avenue exit north, turn right on Rideau Street, left on Cobourg Street, then continue to 122-124 Cobourg on your right.
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