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

    Est payment $19,203/mo
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    Time on Jump  225 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.




    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.
    Listing IDX12851986
    Address122-124 Cobourg Street
    CityLower Town - Sandy Hill, Ontario
    Price$3,999,000
    StyleInvestment
    TypeIndustrial/Commercial
    StatusFor Sale

    Subtype InvestmentHeating / Cooling Baseboard

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    Listing Brokerage: EXP REALTY

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    122-124 Cobourg Street
    Lower Town - Sandy Hill , Ontario
    $3,999,000
    Get more info