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$ 829,000
Est. payment | /mo
5 Beds
3 Baths
$ 829,000
Est. payment | /mo
5 Beds
3 Baths
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 700-1100
Subdivision 3503 - Castle Heights
MLS Listing ID X13050852
Style Bungalow-Raised
Bedrooms 5
Annual Tax Amount $6,341
Tax Year 2025
Property Sub-Type Triplex
Property Description
Well-maintained triplex on an oversized lot with over 84 ft of frontage, offering a rare opportunity to blend immediate cash flow, owner-occupancy potential, and long-term redevelopment upside. The property generates $47,568 annually with a net operating income of $31,582, featuring a spacious upper-level 3-bedroom unit ideal for an owner-occupant, complemented by two lower-level studio apartments to help offset carrying costs. Unit 1 and Unit 2 are currently on month-to-month leases, while Unit 3 is leased until July 31, 2026. This property has been meticulously maintained by long-term ownership, with clear pride of care throughout and very little deferred maintenance, allowing a new owner to step in and operate with confidence and minimal immediate capital requirements. Major capital improvements include a new roof (2014), driveway expansion and repaving, landscaping and regrading, masonry repairs, and a PVC privacy fence. For investors, this is a balanced asset with solid in-place income and clear upside. For end users, it presents a unique opportunity to live in a larger unit while generating meaningful rental income. The 84 ft frontage further enhances the property with strong future potential for redevelopment, severance, or expansion, making this a versatile acquisition in a market where opportunities like this are increasingly rare.
Location
Province ON
County Ottawa
Area Ottawa
Rooms
Family Room No
Basement Apartment, Finished
Kitchen 3
Separate Den/Office 2
Interior
Interior Features Carpet Free, In-Law Capability, Separate Hydro Meter
Cooling None
Fireplace No
Heat Source Gas
Exterior
Parking Features Private Double, Tandem
Pool None
Roof Type Asphalt Shingle
Lot Frontage 84.89
Lot Depth 61.44
Total Parking Spaces 6
Building
Foundation Concrete
Others
ParcelsYN No
Listed by SLEEPWELL REALTY GROUP LTD
Nearby Locations