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

    Est payment $32,648/mo
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    Time on Jump  1 days

    AI Summary *

    • Located in a sought-after rental neighborhood with consistent occupancy rates.
    • Well-maintained 26-unit building featuring modern upgrades and design.
    • Strategic location near amenities, university, and public transit access.
    • Diverse unit mix appealing to young professionals and various tenants.
    • On-site laundry services for tenant convenience and added income.




    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 IDX13044652
    Address60 Cobourg Street
    CityLower Town - Sandy Hill, Ontario
    Price$6,799,000
    StyleInvestment
    TypeIndustrial/Commercial
    StatusFor Sale

    Subtype InvestmentBasement 1Heating / Cooling Water Radiators

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    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.

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    60 Cobourg Street
    Lower Town - Sandy Hill , Ontario
    $6,799,000
    Get more info