INVESTMENT OPPORTUNITY for under $675,000! Three Storey semi detached TRIPLEX in the heart of Chinatown. Zoned R4H and Ideally located with a school directly across the street and just minutes to Downtown, Little Italy, public transit, shopping, restaurants, parks, and all amenities. This centrally ...located income property offers an excellent opportunity for investors looking to expand their portfolio or those seeking a property with strong rental potential. Situated on an 18.18' x 71.19' lot, the property includes one front parking space and a spacious backyard for tenants to enjoy. Offering an attractive CAP RATE of 6.12% and Gross Annual rental income of $51,924 this is a turnkey investment with immediate cash flow. Rented on an All Inclusive basis. Unit 1: currently Vacant and a great option for an Owner Occupied unit, it's a two bedroom, one bathroom unit on the main floor with access to the finished basement, providing additional living space and a dedicated laundry area. The kitchen and several interior finishes were updated in 2022, along with newer floors in 2026. Unit 2: One bedroom, one bathroom apartment on the second floor with its own washing machine. Unit 3 is a one bedroom, one bathroom unit that provides additional rental income. The property is heated by natural gas forced air and serviced by one hydro meter. All appliances are included! Located in one of Ottawa's most desirable rental areas with consistent tenant demand, this property offers excellent long term investment potential and the opportunity to generate reliable income from day one. A fantastic opportunity to own an affordable multi unit property in a prime central location. Book your private showing today! 24 hour irrevocable required on all offers.
Full Property Details
Interior
Bedrooms
4
Total Bedrooms
4
Washrooms
3
Square Footage
1100-1500 sqft
Basement
Full,Finished
Heating Source
Gas
Heating Fuel
Forced Air
Air Conditioning
None
Family Room
Yes
Kitchens
0
Kitchens Plus
0
Total Kitchens
0
Fireplace Features
No
Bedrooms
4
Total Bedrooms
4
Washrooms
3
Square Footage
1100-1500 sqft
Basement
Full,Finished
Heating Source
Gas
Heating Fuel
Forced Air
Air Conditioning
None
Family Room
Yes
Kitchens
0
Kitchens Plus
0
Total Kitchens
0
Fireplace Features
No
Exterior
Depth
71.19
Front
18.18
Lot Size
18 x 71.19 ft
Pool
None
Parking Spaces
1
Total Parking Spaces
1.00
Parking Description
None
Garage Spaces
0
Zoning
R4H
Depth
71.19
Front
18.18
Lot Size
18 x 71.19 ft
Pool
None
Parking Spaces
1
Total Parking Spaces
1.00
Parking Description
None
Garage Spaces
0
Zoning
R4H
Building Description
Style
3-Storey
Home Type
Apartment
Subtype
Triplex
Property Orientation
West
Exterior Finish
Brick,Other
Sewers
Sewer
Water Supply
Municipal
Possession Date
No Data
Style
3-Storey
Home Type
Apartment
Subtype
Triplex
Property Orientation
West
Exterior Finish
Brick,Other
Sewers
Sewer
Water Supply
Municipal
Possession Date
No Data
Community
Community
West Centre Town
Community
West Centre Town
Taxes & Fees
Taxes
$5,156.78 /yr
Tax Year
2026
Occupancy
Tenant
Taxes
$5,156.78 /yr
Tax Year
2026
Occupancy
Tenant
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