122-124 Cobourg ST, Lower Town - Sandy Hill, ON K1N 8H1
122-124 Cobourg ST, Lower Town - Sandy Hill, ON K1N 8H1
122-124 Cobourg ST, Lower Town - Sandy Hill, ON K1N 8H1
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122-124 Cobourg ST Lower Town - Sandy Hill, ON K1N 8H1

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Kenneth Yim

Kenneth Yim

+1(416) 906-0080

UPDATED:

Key Details

Property Type Commercial

Sub Type Investment

Listing Status Active

Purchase Type For Sale

Subdivision 4002 - Lower Town

MLS Listing ID X12851986

Annual Tax Amount $34,765

Tax Year 2025

Property Sub-Type Investment

Lot Depth 165.66

Lot Front 33.0

Property Description

This is a rare opportunity to acquire two neighboring, income-producing multi-family buildings on **one title** in Ottawa's historic Lowertown. Comprising 14 residential units (7 per building), this stabilized investment is ideally located just minutes from the ByWard Market, Rideau Centre, the University of Ottawa, and major government employment hubs. The majority of suites are in excellent condition, with only a few offering value-add potential through light cosmetic updates and rental optimization. Major capital improvements-including roofs, windows, electrical upgrades, and efficient electric heat pumps-have already been completed, helping minimize near-term capital expenditures. Positioned in one of Ottawa's most desirable urban rental markets, the property benefits from strong demand driven by students, young professionals, and government employees. An assumable CMHC-insured mortgage is available, and the property is held in a standalone corporation, presenting a compelling opportunity for investors seeking stable cash flow with long-term upside.

Location

Province ON

County Ottawa

Area Ottawa

Interior

Cooling Yes

Exterior

Utilities Available Yes

Lot Frontage 33.0

Lot Depth 165.66

Others

ParcelsYN No

Listed by EXP REALTY

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Kenneth Yim

Kenneth Yim

Broker of Record License ID: 9524831

+1(416) 906-0080

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