122-124 COBOURG STREET, Ottawa
$3,999,000
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:25961)
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Details
- Transaction: For sale
- Zoning Description: R5C H(18) F(2.0)
Building
- Appliances: All
- Cooling: Fully air conditioned
- Fireplace Present: False
- Heating: Baseboard heaters, Forced air
- Type: Multi-Family
- Utility Water: Municipal water
Land
- Size Depth: 165 ft ,7 in
- Size Frontage: 33 ft
- Size Irregular: 33 x 165.66 FT
This property for sale is located at 122-124 COBOURG STREET in Ottawa. It was last modified on July 30th 2026. Let us connect you with one of our real estate agents to schedule a viewing or to discover other Ottawa real estate for sale.
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