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$ 719,900
Est. payment | /mo
4 Beds
2 Baths
$ 719,900
Est. payment | /mo
4 Beds
2 Baths
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 2000-2500
Subdivision 4205 - West Centre Town
MLS Listing ID X13583114
Style 2-Storey
Bedrooms 4
Annual Tax Amount $5,142
Tax Year 2025
Property Sub-Type Duplex
Property Description
Exceptional investment opportunity in the heart of Centretown! This well-maintained and recently renovated LEGAL duplex offers the perfect combination of strong cash flow, owner-occupancy flexibility, and long-term value in one of Ottawa's most desirable urban neighbourhoods. Featuring two spacious 2-bedroom units, each with its own private entrance, separate hydro meter, and in-unit laundry, this turnkey property is ideal for investors and homeowners alike. Numerous updates include renovated kitchens and bathrooms, updated plumbing and electrical, fire escapes brought up to code, fresh paint throughout, updated flooring, fencing improvements, and countless other upgrades that contribute to the property's excellent condition and tenant appeal. A rare bonus for Centretown, the property includes 3 parking spaces, a highly sought-after feature for both tenants and owners. Investors will appreciate the potential for a return exceeding 7.0%, while owner-occupants can live in one unit and rent the other to significantly offset mortgage costs. Landlord pays heat and water, while tenants pay their own hydro through separate meters. Ideally located steps from Bank Street, Chinatown, Little Italy, public transit, parks, cafés, restaurants, shopping, entertainment, government offices, and some of Ottawa's most vibrant urban amenities. Residents enjoy easy access to Dow's Lake, the Rideau Canal, LeBreton Flats, Carleton University, the University of Ottawa, and downtown employment hubs. With strong rental demand, exceptional walkability, and major updates already completed, this is a rare opportunity to acquire a quality income property in one of Ottawa's most established and sought-after neighbourhoods.
Location
Province ON
County Ottawa
Area Ottawa
Zoning R4H, Unassigned
Rooms
Basement Unfinished, Partial Basement, Exposed Rock
Kitchen 2
Interior
Interior Features Separate Heating Controls
Cooling Central Air
Exterior
Parking Features None
Pool None
Roof Type Flat,Unknown
Total Parking Spaces 3
Building
Foundation Stone
Others
ParcelsYN No
Virtual Tour https://www.myvisuallistings.com/vt/364985
Lited by TRU REALTY