Exceptional turnkey investment opportunity in the heart of Sandy Hill, just one block from the University of Ottawa. This legal triplex with a secondary dwelling unit comprises four highly desirable, income-producing apartments, perfectly positioned for consistent student rental demand. 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). Current monthly rents are as follows: Apartment 1 - $1,734; Apartment 2 - $1,850; Apartment 3 - $1,834; Apartment 4 - $1,750. The property is equipped with five hydro meters, allowing for efficient utility management. Additional income is generated through parking ($4,080 annually) and coin-operated laundry ($1,000 annually), resulting in a strong net operating income of $69,600, with considerable upside potential through future rent increases. Notably, Apartments 2 and 3 will become vacant on April 30, 2026, providing the incoming owner with an opportunity to set market rents. A fire retrofit certificate is on file. A rare offering and a true cornerstone asset for any investment portfolio. (id:25961)
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Rooms
| Level | Type | Dimensions |
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Details
- Features: Flat site
- Parking Spaces: 2
- Structure: Porch
- Transaction: For sale
- Zoning Description: R5C
Building
- Appliances: Water meter, Dishwasher, Dryer, Stove, Washer, Refrigerator
- BasementType: N/A
- Basement Features: Apartment in basement
- Bedrooms Main Level: 6
- Bedrooms Lower Level: 2
- Cooling: None
- Exterior Finish: Brick, Wood
- Fireplace Present: False
- Foundation: Stone
- Bathrooms (Total): 4
- Heating: Forced air
- Heating Fuel: Natural gas
- Size Interior: 2000 - 2500 sqft
- Stories Total: 3
- Type: Triplex
- Utility Water: Municipal water
Land
- Sewer: Sanitary sewer
- Size Frontage: 27 ft
- Size Irregular: 27 x 52.5 FT
Listing provided by RE/MAX HALLMARK REALTY GROUP
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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 121 OSGOODE STREET in Ottawa Ontario. It was last modified on January 21st, 2026. Contact Biju George to schedule a viewing or to discover other Ottawa real estate for sale.