Exceptional mixed-use fourplex prominently positioned on the corner of cooper and percy in the heart of high-demand centretown. This income-generating asset features three residential units (one 3-bedroom, one 2-bedroom, and one 1-bedroom) plus a street-level commercial space currently leased to a barber shop until the end of 2027. The main floor offers excellent flexibility, currently configured as a three-bedroom residential unit with full basement alongside the commercial storefront. The second floor includes two well-appointed apartments, each with access to its own rooftop space and common washer/dryer. Residential units 1, 2 & 3 were renovated in 2021, with a new roof and new windows (3-bedroom unit) completed the same year. All appliances, light fixtures, hwt, and a/c units are included. Current rents: barbershop approx. $35,670/year; 2-bedroom $23,400/year; 1-bedroom $19,680/year; 3-bedroom was recently owner-occupied (previously rented at $3,100/month) and is now vacant. Residential neighbourhood commercial zoning; buyer to complete due diligence regarding zoning and permitted uses under ottawa zoning by-laws. Located steps to public transit and within walking distance to shops, restaurants, chinatown, little italy, lebreton flats, and directly across from the rideau curling club. A high-visibility corner property primed for growth-ideal for investors seeking stable income, value-add potential, or an owner-occupier opportunity. Check out our video tour.
Listing IDX12706754
Address698 Cooper Street
CityOttawa Centre, Ontario
Price$1,640,000
Bed / Bath6 / 4 Full
Style2-Storey, Fourplex
ConstructionBrick, Concrete
TypeMulti-Family
StatusFor Sale
