122-124 Cobourg Street,Lower Town - Sandy Hill, ON K1N 8H1
Lower Town - Sandy Hill, ON K1N 8H1
Description
This is a rare opportunity to acquire two neighboring, income-producing multi-family buildings on **one title** in Ottawa's historic Lowertown. Comprising 14 residential units (7 per building), this stabilized investment is ideally located just minutes from the ByWard Market, Rideau Centre, the University of Ottawa, and major government employment hubs. The majority of suites are in excellent condition, with only a few offering value-add potential through light cosmetic updates and rental optimization. Major capital improvements-including roofs, windows, electrical upgrades, and efficient electric heat pumps-have already been completed, helping minimize near-term capital expenditures. Positioned in one of Ottawa's most desirable urban rental markets, the property benefits from strong demand driven by students, young professionals, and government employees. An assumable CMHC-insured mortgage is available, and the property is held in a standalone corporation, presenting a compelling opportunity for investors seeking stable cash flow with long-term upside.
Details
| MLS # | X12851986 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Price Change |
| Year | 0 |
| Days On Site | 172 |
| Listing Provided By | EXP REALTY | X12851986 285400 |
Features
Interior
| Cooling | Yes |
|---|
Utilities
| Utilities | Yes |
|---|
Taxes
| Tax Annual Amount | 34765 |
|---|---|
| Tax Assessed Value | 2025 |
| Tax Type | Annual |
| Tax Year | 2025 |
Area Information
| Province | ON |
|---|---|
| County | Ottawa |
| City | Lower Town - Sandy Hill |
| Postal Code | K1N 8H1 |
| Area | 4002 Lower Town |
| Listing VS Median (in K1N 8H1) | |
Price: $3,999,000 low | high Med: $0 On site: 172 low | high Med: | |
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Learn More About This Property
| Province | ON |
|---|---|
| County | Ottawa |
| City | Lower Town - Sandy Hill |
| Postal Code | K1N 8H1 |
| Area | 4002 Lower Town |
| Listing VS Median (in K1N 8H1) | |
Price: $3,999,000 low | high Med: $0 On site: 172 low | high Med: | |
