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$3,999,000
Est. payment /mo
Price Dropped by $251K
122-124 Cobourg ST Lower Town - Sandy Hill, ON K1N 8H1
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Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Subdivision 4002 - Lower Town
MLS Listing ID X12851986
Annual Tax Amount $34,765
Tax Year 2025
Property Sub-Type Investment
Property 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.
Location
Province ON
County Ottawa
Area Ottawa
Interior
Cooling Yes
Exterior
Utilities Available Yes
Lot Frontage 33.0
Lot Depth 165.66
Others
ParcelsYN No
Listed by EXP REALTY
Nearby Locations
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