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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
Zoning R5C
Rooms
Family Room No
Basement Apartment
Kitchen 4
Separate Den/Office 2
Interior
Interior Features Accessory Apartment
Cooling None
Inclusions 4 fridges, 4 stoves, 1 Washer, 1 Dryer, Light Fixtures, Tankless Hot Water Heater
Exterior
Exterior Feature Porch
Parking Features Front Yard Parking
Pool None
Roof Type Asphalt Shingle
Lot Frontage 27.0
Lot Depth 52.5
Total Parking Spaces 2
Building
Foundation Stone
Others
Senior Community No
ParcelsYN No
Listed by RE/MAX HALLMARK REALTY GROUP
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