26 AYLMER AVENUE

Ottawa, , K1S2W9, Canada

$1,699,000

A rare multi unit gem in one of Ottawa's Most Coveted Neighborhoods. Welcome to a premier, fully tenanted investment opportunity in Old Ottawa South. Perfectly positioned on an expansive 30' x 161' lot, this property offers the ultimate combination of immediate cash flow and future development potential. The property boasts a major 3,000 sq. ft. addition completed in 2017, bringing the total to four self-contained, high-yielding apartments (one 3 bed, two 2 beds, and one 1 bed). Every unit benefits from the convenience of private, in unit laundry, a massive draw for top tier tenants. The original front unit has been tastefully modernized with gleaming hardwood floors, granite countertops, contemporary cabinetry, and a renovated bath. Mechanically, this building is a dream for hands off investors. It features updated roofing (2017), a 2017 sump pump, and independent climate controls. Utilities are efficiently split across 3 hydro meters, 3 gas meters, and 1 water meter. Currently generating a strong $11,349.31 in gross monthly rental income with a 6.3% cap rate, this property is rock-solid. Best of all? The City of Ottawa has indicated potential for a 5 plex conversion, giving you a clear path to instantly boost your equity and revenue whenever you're ready. Building is legal as it stands. Current total gross monthly rental income is $11,349.31. Annual gross income: $131,055.00. Annual expenses: $24,288.30. Annual net income: $106,766.70. Motivated vendor. PROPERTY SOLD AS IS WHERE IS.

EXTRAS: Washer, Refrigerator, Dishwasher, Dryer, Two stoves

Virtual Tour: https://unbranded.youriguide.com/26_aylmer_ave_ottawa_on/

Last updated on : Friday 29th of May 2026 11:31:08 AM

ADDRESS

Street : 26 AYLMER AVENUE

City : Ottawa

Country : Canada

Postal Code : K1S2W9

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PROPERTY SUMMARY

Property ID : X13199062

Building Type : Other

Property Type : Multi-family

Bedrooms : 8

Bathrooms : 6

Parking : 2

Parking Type: No Garage

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