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    For Sale - 122-124 Cobourg Street, Lower Town - Sandy Hill, Ontario

    Est payment $21,609/mo
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    Time on Jump  23 day

    AI Summary *

    • Two neighboring multi-family buildings offering 14 residential units on one title.
    • Located in historic Lowertown, close to ByWard Market and the University of Ottawa.
    • Most units in excellent condition with minor upgrades needed for higher rent potential.
    • High walkability with easy access to transit, parks, and local amenities.
    • Low maintenance with modernized systems, reducing near-term capital expenditures.




    122-124 cobourg is a rare chance to acquire two neighboring, income-producing multi-family buildings(one title) in ottawa's historic lowertown, minutes from the byward market, rideau centre, the university of ottawa, and major government employment hubs. Each property contains seven residential units (14 total), giving investors immediate scale in a tight, highly walkable rental market. Most suites are in excellent condition, with only a few needing light cosmetic upgrades, creating straightforward upside through selective renovations and modest rent increases rather than disruptive construction. The buildings sit on a quiet residential block with high walkability, strong transit, and quick access to cycling routes and downtown bridges. Residents can walk to buses, shops, parks, schools, and nightlife, making the property ideal for students, young professionals, and public-sector workers who value an urban, car-optional lifestyle. Lowertown benefits from ongoing reinvestment and steady gentrification, supporting long-term rent growth and low vacancy while positioning this asset to outperform more peripheral locations. Operationally, this is a stabilized, low-maintenance acquisition. Roofs, windows, and major exterior items have been renewed within roughly the last decade, sharply reducing near-term capital expenditures. Electrical systems have been modernized, utilities are separated to each unit, and efficient electric heat pumps added, simplifying expense recovery and appealing to tenants seeking comfortable, modern housing. With the heavy lifting complete, investors can focus on fine-tuning operations and turning a few under-market units to unlock additional income. An assumable cmhc-insured mortgage is in place, allowing buyers to step into attractive financing that may be difficult to replicate today, boosting cash flow and reducing interest-rate risk. Property is held in a stand alone corp and can be purchased to save on acquisition costs.
    Listing IDX12851986
    Address122-124 Cobourg Street
    CityLower Town - Sandy Hill, Ontario
    Price$4,500,000
    StyleInvestment
    TypeIndustrial/Commercial
    StatusFor Sale

    Subtype InvestmentHeating / Cooling Baseboard

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    Listing Agency:  EXP REALTY

    * Data is provided courtesy of PROPTX. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. The information is deemed reliable but is not guaranteed accurate by PROPTX.

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    122-124 Cobourg Street
    Lower Town - Sandy Hill , Ontario
    $4,500,000
    Get more info