$1,299,000
121 Osgoode Street, Lower Town - Sandy Hill, ON K1N 6S5
8 beds4 baths2 parking 2000-2500 ft²
Key facts
- MLS®
- X13165198
- Status
- New
- Type
- Triplex
- Taxes
- $9,164
- Size
- 2000-2500 ft²
- Parking
- 2 total
- Listed
- 2026-05-23
- Brokerage
- RE/MAX HALLMARK REALTY GROUP
- Cross street
- Osgoode and Nelson
Description
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.
IDX listing data provided by AMPRE / TRREB. Information is believed reliable but not guaranteed.