121 OSGOODE STREET

Ottawa, , K1N6S5, Canada

$1,299,000

Exceptional turnkey investment opportunity in the heart of Sandy Hill, just one block from the University of Ottawa. This Victorian triplex with a legal secondary dwelling unit has four highly desirable & spacious apartments. Each thoughtfully updated suite features two bedrooms, one bathroom, hardwood flooring, and impressive high ceilings, creating bright and inviting living spaces. Recent capital improvements include a new roof (2016), furnace (2019), tankless hot water system (2011), rebuilt front porch (2025), and a newly renovated kitchen in Apartment 4 (2025) and new kitchen & paint in Apartment 3 (2026) . Current monthly rents are as follows: Apartment 1 - $1,734; Apartment 2 - $2,150; Apartment 3 - $2050; Apartment 4 - $1750; with 2 % rent increases for Apt 1 & 4 coming in Sept. Additional income is generated through parking ($4,080 annually) and coin-operated laundry ($1,000 annually), resulting in a total income of $98,008, a strong net operating income of $76,512 & a Cap Rate of 5.89%. With five individual hydro meters providing efficient utility management, a fire retrofit certificate on file, and consistent demand driven by the property's proximity to the University of Ottawa, this asset offers both operational simplicity and long-term reliability. Significant upside remains available through future rent growth as apartments turn over - making this a compelling addition to any investment portfolio.

EXTRAS: Washer, Refrigerator, Water meter, Stove, Dryer, Water Heater

Last updated on : Thursday 28th of May 2026 06:30:35 PM

ADDRESS

Street : 121 OSGOODE STREET

City : Ottawa

Country : Canada

Postal Code : K1N6S5

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PROPERTY SUMMARY

Property ID : X13165198

Building Type : Triplex

Property Type : Multi-family

Bedrooms : 8

Bathrooms : 4

Parking : 2

Parking Type: No Garage

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