skyline view Features: city view More Photos

×

    For Sale - 60 Cobourg Street, Lower Town - Sandy Hill, Ontario

    Est payment $32,648/mo
    Get pre-qualified
    Views   3
    Time on Jump  39 day

    AI Summary *

    • Exceptional investment opportunity in a highly sought-after rental neighborhood.
    • Bright, spacious apartments with consistent occupancy and strong tenant-base.
    • Comprehensive upgrades in 2011 ensure modern living across all units.
    • Convenient location near amenities, public transit, and green spaces.
    • On-site laundry facilities generating reliable income for the owner.




    Welcome to an exceptional investment opportunity in one of downtown's most sought-after rental neighbourhoods, lower town. This impeccably maintained 26-unit building offers bright, spacious apartments, a strong and established tenant-base with consistent occupancy, strategic building upgrades, and valuable r5 h(18) f(2. 0) zoning. Located prominently at the corner of clarence street east and cobourg street, 60 cobourg street comprises 22 apartment units in the main building, along with four townhouse-style units featuring private entrances on clarence street east. All 26 units were comprehensively upgraded in 2011, featuring a cohesive design with hardwood flooring and matching kitchens equipped with dishwashers, with the roof, windows, electrical and domestic plumbing also fully replaced in 2011. The common hallways are designed to blend the building's original character with an elevated, upscale aesthetic. Updated hallways feature fresh paint, led lighting, and tasteful artwork, creating a warm and welcoming atmosphere for residents. The property is ideally situated just steps from the many amenities of rideau street, a short walk to the university of ottawa campus, and directly serviced by public transit at the front door. Macdonald gardens park is located directly across the street, an ideal green space for tenants, further enhancing the appeal of the location. Thanks to its prime setting and meticulous upkeep, the property has historically re-rented easily and efficiently to qualified applicants, primarily young professionals; resulting in a consistently fully-tenanted rent roll. The unit-mix includes two bachelor units, seven one-bedroom units, six one-bedroom plus den units, ten two-bedroom units, and one three-bedroom unit. Additional features include three newer card-operated stackable laundry machines, providing tenants with the convenience of on-site laundry while generating reliable income for the owner. Attractive upside potential on current rent roll.
    Listing IDX12818632
    Address60 Cobourg Street
    CityLower Town - Sandy Hill, Ontario
    Price$6,799,000
    StyleInvestment
    TypeIndustrial/Commercial
    StatusFor Sale

    Subtype InvestmentBasement 1Heating / Cooling Water Radiators

    ASAP

    Mon

    6

    Apr

    Tue

    7

    Apr

    Wed

    8

    Apr

    Thu

    9

    Apr

    Fri

    10

    Apr

    Sat

    11

    Apr

    Sun

    12

    Apr

    Mon

    13

    Apr

    Tue

    14

    Apr

    Wed

    15

    Apr

    Thu

    16

    Apr

    Fri

    17

    Apr

    Sat

    18

    Apr

    Sun

    19

    Apr

    Mon

    20

    Apr

    Tue

    21

    Apr

    Wed

    22

    Apr

    Thu

    23

    Apr

    Fri

    24

    Apr

    Sat

    25

    Apr

    Sun

    26

    Apr

    Mon

    27

    Apr

    Tue

    28

    Apr

    Wed

    29

    Apr

    Thu

    30

    Apr

    Fri

    1

    May

    Sat

    2

    May

    Sun

    3

    May

    Mon

    4

    May

    By clicking “Get pre-qualified” and/or 'Submit' you are expressly consenting, in writing, to receive telemarketing and other messages, including artificial or prerecorded voices, via automated calls or texts from jumprealty.ca and up.mortgages at the number you provided above. This consent is not required to purchase any good or service. Message and data rates may apply, frequency varies. Text HELP for help or STOP to cancel. More details in Terms of Use and Privacy Policy.

    Listing Agency:  CAPITAL COMMERCIAL INVESTMENT CORP.

    * 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.

    Hospital
    Parks
    Schools
    Place of Worship
    Please select an amenity above to view a list.

    Recommended Properties

    94 Ambrous Crescent
    Guelph, Ontario.
    4 Beds | 4 Baths
    $1,398,000
    120 Fortier Street
    Cornwall, Ontario.
    3 Beds | 1 Baths
    $429,900
    2 Gallacher Avenue
    Richmond Hill, Ontario.
    3 Beds | 2 Baths
    $1,695,000
    6058 Stone Church Road
    Central Elgin, Ontario.
    3 Beds | 3 Baths
    $1,100,000
    34 Cumberland Drive
    Brampton, Ontario.
    5 Beds | 2 Baths
    $874,900
    57 Faimira Avenue
    Georgina, Ontario.
    4 Beds | 4 Baths
    $1,099,000
    1182 Queensland Place
    Brockville, Ontario.
    4 Beds | 2 Baths
    $524,500
    470 Father Tobin Road
    Brampton, Ontario.
    8 Beds | 4 Baths
    $1,189,000
    868 Paupst Place
    Milton, Ontario.
    4 Beds | 4 Baths
    $1,299,000
    Loading...
    60 Cobourg Street
    Lower Town - Sandy Hill , Ontario
    $6,799,000
    Get more info