124-126 IRVING AVENUE, Ottawa
Offered for the first time in nearly 50 years, this impressive three-storey, red-brick six-unit building presents a rare investment opportunity in the heart of Hintonburg. Lovingly maintained and thoughtfully updated, the property combines classic character, and significant improvements to major building systems. Unit features include hardwood floors, high ceilings, fireplaces, generous sized principal rooms, enclosed sunrooms, large west-facing rear patios providing valuable outdoor living space, and absolutely fantastic tenants. Extensive updates over the years include a complete electrical upgrade (2014-2022), all modern plumbing including stacks (mostly 2022), windows (mostly 2019+), architectural style roofing (2017-2019) and heating systems (2022), offering an excellent foundation for continued ownership. Ideally positioned just steps from Hintonburg's shops, restaurants, cafés and transit, the property benefits from an exceptional central location and strong tenant appeal. Gross income of $120,240, and expenses of $26,923, gives 124-126 Irving Avenue a strong CAP rate of 5.24% with room to increase. This is a rare opportunity to acquire a substantial multi-residential property in one of Ottawa's most desirable urban neighbourhoods. 2026 Fire Code Compliance Certificate will be made available to the buyer on or before closing. (id:25961)
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Details
- Features: Carpet Free
- Parking Spaces: 5
- Structure: Deck, Porch
- Transaction: For sale
Building
- Amenities: Fireplace(s)
- Appliances: Dryer, Stove, Washer, Refrigerator
- BasementType: Full (Unfinished)
- Basement Development: Unfinished
- Bedrooms Main Level: 10
- Cooling: None
- Exterior Finish: Brick
- Fireplace Present: True
- Fireplace Total: 2
- Foundation: Stone
- Bathrooms (Total): 6
- Heating: Forced air, Radiant heat
- Heating Fuel: Natural gas
- Size Interior: 3500 - 5000 sqft
- Stories Total: 3
- Type: Other
- Utility Water: Municipal water
Land
- Sewer: Sanitary sewer
- Size Depth: 114 ft ,4 in
- Size Frontage: 50 ft
- Size Irregular: 50 x 114.4 FT
This property for sale is located at 124-126 IRVING AVENUE in Ottawa. It was last modified on September 29th 2026. Let us connect you with one of our real estate agents to schedule a viewing or to discover other Ottawa homes for sale.
Listing provided by RE/MAX HALLMARK REALTY GROUP
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