Attention Smart Investors! Are you looking to add to, or diversify your existing investment portfolio? Look no further than this incredible opportunity in one of Ottawa's most vibrant and sought-after neighbourhoods. Welcome to 10 Sherbrooke Avenue, a beautifully renovated, cinder block four-plex located just steps off the bustling Wellington Street. This converted former commercial building is a fully stabilized multi-unit dwelling containing four well-appointed one-bedroom and one-bathroom units currently rented above market rents and with five hydro meters. This turn key investment property has a 6% cap rate and is fully rented with ideal tenants and grosses an annual income of $96,672. Looking to increase cash flow further? With R4UB zoning and an engineer's report confirming the possibility of adding vertically to the building, there are many possibilities. Nestled in a prime location, this property is within walking distance to trendy boutiques, gourmet restaurants, charming cafes, and beautiful parks, offering an unbeatable lifestyle for your tenants. Don't miss out on this prime investment opportunity. (id:25961)
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Rooms
| Level | Type | Dimensions |
|---|
Details
- Parking Spaces: 3
- Transaction: For sale
Building
- Appliances: All, Furniture, Window Coverings
- BasementType: None
- Bedrooms Main Level: 2
- Bedrooms Lower Level: 2
- Cooling: Central air conditioning
- Exterior Finish: Steel, Wood
- Fireplace Present: False
- Foundation: Block
- Bathrooms (Total): 4
- Heating: Forced air
- Heating Fuel: Natural gas
- Size Interior: 1500 - 2000 sqft
- Type: Fourplex
- Utility Water: Municipal water
Land
- Sewer: Sanitary sewer
- Size Frontage: 29 ft
- Size Irregular: 29 x 102.8 FT
Listing provided by ENGEL & VOLKERS OTTAWA
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This REALTOR.ca listing content is owned and licensed by REALTOR® members of the Canadian Real Estate Association. This property for sale is located at 10 SHERBROOKE AVENUE in Ottawa Ontario. It was last modified on June 30th, 2026. Contact Biju George to schedule a viewing or to discover other Ottawa homes for sale.