26 AYLMER AVENUE, Ottawa
A rare multi unit gem in one of Ottawa's Most Coveted Neighborhoods. Welcome to a premier, fully tenanted investment opportunity in Old Ottawa South. Perfectly positioned on an expansive 30' x 161' lot, this property offers the ultimate combination of immediate cash flow and future development potential. The property boasts a major 3,000 sq. ft. addition completed in 2017, bringing the total to four self-contained, high-yielding apartments (one 3 bed, two 2 beds, and one 1 bed). Every unit benefits from the convenience of private, in unit laundry, a massive draw for top tier tenants. The original front unit has been tastefully modernized with gleaming hardwood floors, granite countertops, contemporary cabinetry, and a renovated bath. Mechanically, this building is a dream for hands off investors. It features updated roofing (2017), a 2017 sump pump, and independent climate controls. Utilities are efficiently split across 3 hydro meters, 3 gas meters, and 1 water meter. Currently generating a strong $11,349.31 in gross monthly rental income with a 6.3% cap rate, this property is rock-solid. Best of all? The City of Ottawa has indicated potential for a 5 plex conversion, giving you a clear path to instantly boost your equity and revenue whenever you're ready. Building is legal as it stands. Current total gross monthly rental income is $11,349.31. Annual gross income: $131,055.00. Annual expenses: $24,288.30. Annual net income: $106,766.70. Motivated vendor. PROPERTY SOLD AS IS WHERE IS. (id:25961)
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Details
- Equipment: Water Heater
- Parking Spaces: 2
- Rental Equipment: Water Heater
- Transaction: For sale
- Zoning Description: R3
Building
- Appliances: Dishwasher, Dryer, Two stoves, Washer, Refrigerator
- BasementType: N/A (Finished)
- Basement Development: Finished
- Bedrooms Main Level: 8
- Cooling: Central air conditioning
- Exterior Finish: Brick, Vinyl siding
- Fireplace Present: False
- Foundation: Concrete, Stone
- Bathrooms (Total): 6
- Heating: Forced air
- Heating Fuel: Natural gas
- Size Interior: 3500 - 5000 sqft
- Stories Total: 3
- Type: Other
- Utility Water: Municipal water
Land
- Sewer: Sanitary sewer
- Size Depth: 162 ft
- Size Frontage: 30 ft ,4 in
- Size Irregular: 30.4 x 162 FT
This property for sale is located at 26 AYLMER AVENUE in Ottawa. It was last modified on May 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 ROYAL LEPAGE PERFORMANCE REALTY
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