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$ 1,299,000
Est. payment /mo
New
121 Osgoode ST Lower Town - Sandy Hill, ON K1N 6S5
8 Beds
4 Baths
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 2000-2500
Subdivision 4004 - Sandy Hill
MLS Listing ID X13165198
Style 3-Storey
Bedrooms 8
Annual Tax Amount $9,164
Tax Year 2025
Property Sub-Type Triplex
Property Description
Exceptional turnkey investment opportunity in the heart of Sandy Hill, just one block from the University of Ottawa. This Victorian triplex with a legal secondary dwelling unit has four highly desirable & spacious apartments. 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) and new kitchen & paint in Apartment 3 (2026) . Current monthly rents are as follows: Apartment 1 - $1,734; Apartment 2 - $2,150; Apartment 3 - $2050; Apartment 4 - $1750; with 2 % rent increases for Apt 1 & 4 coming in Sept. Additional income is generated through parking ($4,080 annually) and coin-operated laundry ($1,000 annually), resulting in a total income of $98,008, a strong net operating income of $76,512 & a Cap Rate of 5.89%. With five individual hydro meters providing efficient utility management, a fire retrofit certificate on file, and consistent demand driven by the property's proximity to the University of Ottawa, this asset offers both operational simplicity and long-term reliability. Significant upside remains available through future rent growth as apartments turn over - making this a compelling addition to any investment portfolio.
Location
Province ON
County Ottawa
Area Ottawa
Rooms
Family Room No
Basement Apartment
Kitchen 4
Separate Den/Office 2
Interior
Interior Features Accessory Apartment
Cooling None
Fireplace No
Heat Source Gas
Exterior
Exterior Feature Porch
Parking Features Front Yard Parking
Pool None
Roof Type Asphalt Shingle
Topography Flat
Lot Frontage 27.0
Lot Depth 52.5
Total Parking Spaces 2
Building
Foundation Stone
Others
ParcelsYN No
Listed by RE/MAX HALLMARK REALTY GROUP
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