Exceptional turnkey investment opportunity in the heart of Sandy Hill, just one block from the University of Ottawa. This legal triplex + a secondary dwelling in the basement, make this four-unit brick building highly desirable. Perfectly positioned to meet consistent student rental demand, this income generating investment is a solid buy and never has a vacancy.

Each apartment features a spacious and bright living area, two bedrooms, one bathroom, hardwood flooring, and impressive high ceilings. Many recent capital improvements add to the general appeal and include a new roof (2016), gas 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 two parking spaces ($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 optimization. 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.

This stately three-storey detached brick building is a rare offering and a true cornerstone asset for any investment portfolio. Connect with us today for more details on this solid opportunity.
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