64-62 Cobourg Street Ottawa, Ontario K1N 8G8
$1,240,000
TURN KEY easily managed property and CASH FLOW from Day 1! INCOME GENERATING OPPORTUNITY...Investors - Don't miss out on this LEGAL nc FOURPLEX located in DOWNTOWN OTTAWA (PRIME LOCATION)! With a healthy mix of professionals and students, this area attracts them all. There are two-2 bedrm units and two-1 Bedrm units. One of the 2-bedrms has a den as well. On-site maintenance person at a low cost already maintains the property, so you don't have to! Featuring a total of 6 bedrooms and 4 full bathrooms, separate COIN OPERATED LAUNDRY ROOM, 4 hydro meters, and easy-to-maintain layout (No snow shoveling or grass cutting) . Perfect for new or seasoned investors! GROSS INCOME: $89,897/yr. (-) OPERATING EXPENSES: $27,843/yr = NOI: $62,054 NOI. Rent gets the standard increase each year. All units are already tenant-occupied with long-term tenants who wish to stay, providing immediate rental income from day one. Rents paid on time. Located close to the University of Ottawa, shopping, dining, entertainment, the Rideau River and major commuter routes, this is a highly desirable area for renters. Are you looking for an investment property with massive upside? This is it. The door is open for the next savvy investor looking to expand their portfolio and secure a long-term income-producing asset. Call today to schedule a showing and secure your piece of prime real estate Downtown Ottawa NOW while still affordable - ahead of plans by the Ottawa Board of Trade to further grow residential and commercial footprint. **WE WELCOME ANY SERIOUS OFFER** (id:19720)
Property Details
| MLS® Number | X12370476 |
| Property Type | Multi-family |
| Community Name | 4002 - Lower Town |
| Amenities Near By | Public Transit, Park |
Building
| Bathroom Total | 4 |
| Bedrooms Above Ground | 6 |
| Bedrooms Total | 6 |
| Appliances | Dryer, Stove, Washer, Refrigerator |
| Basement Development | Unfinished |
| Basement Type | N/a (unfinished) |
| Cooling Type | Window Air Conditioner |
| Foundation Type | Stone |
| Heating Fuel | Electric |
| Heating Type | Baseboard Heaters |
| Stories Total | 3 |
| Size Interior | 2,000 - 2,500 Ft2 |
| Type | Fourplex |
| Utility Water | Municipal Water |
Parking
| No Garage |
Land
| Acreage | No |
| Land Amenities | Public Transit, Park |
| Sewer | Sanitary Sewer |
| Size Depth | 66 Ft ,6 In |
| Size Frontage | 33 Ft |
| Size Irregular | 33 X 66.5 Ft ; 0 |
| Size Total Text | 33 X 66.5 Ft ; 0 |
| Zoning Description | R5l H(18) F(2.0) |
Utilities
| Cable | Installed |
| Electricity | Installed |
| Sewer | Installed |
https://www.realtor.ca/real-estate/28791219/64-62-cobourg-street-ottawa-4002-lower-town
Contact Us
Contact us for more information
Moe Mcilwain
Salesperson
www.investproperty.ca/
700 Eagleson Road, Suite 105
Ottawa, Ontario K2M 2G9
(613) 663-2720
(613) 592-9701
www.hallmarkottawa.com/
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September 14 2025 04:10:55
Ottawa Real Estate Board
RE/MAX Hallmark Realty Group