121 OSGOODE STREET, Ottawa

2026-01-21
 

Quick Summary

Location
121 OSGOODE STREET, Ottawa, Ontario K1N6S5
Price
$1,320,000 CAD
Status:
For Sale
Property Type:
Multi-family
Area:
2000 - 2500 sqft
Bedrooms:
6 bed +2
Bathrooms:
4
Garages:
2
Photo Link:

MLS®#X12718764

Property Description

Exceptional turnkey investment opportunity in the heart of Sandy Hill, just one block from the University of Ottawa. This legal triplex with a secondary dwelling unit comprises four highly desirable, income-producing apartments, perfectly positioned for consistent student rental demand. Each thoughtfully updated suite features two bedrooms, one bathroom, hardwood flooring, and impressive high ceilings, creating bright and inviting living spaces. Recent capital improvements include a new roof (2016), furnace (2019), tankless hot water system (2011), rebuilt front porch (2025), and a newly renovated kitchen in Apartment 4 (2025). Current monthly rents are as follows: Apartment 1 - $1,734; Apartment 2 - $1,850; Apartment 3 - $1,834; Apartment 4 - $1,750. The property is equipped with five hydro meters, allowing for efficient utility management. Additional income is generated through parking ($4,080 annually) and coin-operated laundry ($1,000 annually), resulting in a strong net operating income of $69,600, with considerable upside potential through future rent increases. Notably, Apartments 2 and 3 will become vacant on April 30, 2026, providing the incoming owner with an opportunity to set market rents. A fire retrofit certificate is on file. A rare offering and a true cornerstone asset for any investment portfolio. (id:32467)

Property Features

Building

  • Appliances: Water meter, Dishwasher, Dryer, Stove, Washer, Refrigerator
  • Basement Features: Apartment in basement
  • Basement Type: N/A
  • Cooling Type: None
  • Exterior Finish: Brick, Wood
  • Fireplace: No
  • Interior Size: 2000 - 2500 sqft
  • Building Type: Triplex
  • Stories: 3
  • Utility Water: Municipal water

Features

  • Feature: Flat site

Land

  • Land Size: 27 x 52.5 FT
  • Sewer: Sanitary sewer

Structure

  • Structure: Porch

Zoning

  • Description: R5C

Information entered by RE/MAX HALLMARK REALTY GROUP
Listing information last updated on: 2026-04-24 05:20:18


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