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$ 725,000
Est. payment | /mo
4 Beds
3 Baths
$ 725,000
Est. payment | /mo
4 Beds
3 Baths
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 1100-1500
Subdivision 3402 - Vanier
MLS Listing ID X14153340
Style 2-Storey
Bedrooms 4
Annual Tax Amount $6,856
Tax Year 2026
Property Sub-Type Triplex
Property Description
The CASH FLOW property you've been waiting for, just steps off Beechwood Avenue! This fully tenanted three-unit home sits half a block from the heart of Beechwood Village. Cafes, restaurants, bakeries, grocery and transit are all at your doorstep, with New Edinburgh, Rockcliffe Park and the Rideau River pathways a short walk away and downtown and the ByWard Market only a 10 minute bike ride away. Locations like this rarely come to market, and tenant demand here is relentless. INVESTORS: 6.5% CAP RATE. Based on the current rent roll and the seller's 2025 operating costs, gross income is $61,167, operating expenses are just $13,756 and NET OPERATING INCOME is $47,411. That's over $850/month(10,266/year) in positive cash flow at conventional financing. Three self-contained units: a 2 bedroom main floor, a 1 bedroom plus 2 den upper and a 1 bedroom lower level. Each unit has its own in-suite laundry and its own hydro meter (tenants pay hydro). There are 4 PARKING SPOTS, rare for the area! Three are rented to the tenants for $1,800/year, and the fourth is available, an easy opportunity for additional income. FANTASTIC tenants are in place. The big-ticket items are DONE. A high-efficiency gas furnace and owned tankless water heater were installed in 2024, so there's no rental equipment. An engineered partial foundation replacement with a new sump pump was completed in 2021 and 2024, with over $83,000 invested. The front porch and its support wall were rebuilt in 2026, and the kitchens were updated in Unit 2 (2018) and Unit 3 (2022). Low expenses, low maintenance and professionally managed, this is a true turnkey investment in one of Ottawa's most walkable pockets. Full financial package and pre-inspection available on request.
Location
Province ON
County Ottawa
Area Ottawa
Rooms
Family Room Yes
Basement Full, Finished
Kitchen 3
Interior
Interior Features Water Heater Owned, Sump Pump
Cooling Central Air
Fireplace No
Heat Source Gas
Exterior
Pool None
Roof Type Metal
Lot Frontage 40.0
Lot Depth 100.0
Total Parking Spaces 4
Building
Unit Features Public Transit,Park
Foundation Concrete, Concrete Block
Others
ParcelsYN No
Listed by RE/MAX HALLMARK REALTY GROUP
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