Turnkey prime investment opportunity. Purpose-built legal 6 unit multifamily in the heart of Sandy Hill. Very desirable rental market neighbourhood walking distance to Ottawa University. Stately all brick building. GOI $138, 257. Expenses $29,689. NOI $108,568. Currently offering at a 5% cap rate. Well maintained. Provides steady returns. Never a vacancy. Cooperative tenants. 2 one bedroom units, 2 two bedroom units and 2 three bedroom units. Very spacious units with eat-in kitchens and large living rooms. 5 units have a washer and dryer. Also included: 6 fridges, 6 stoves, 2 hood fans and 6 hot water tanks. 5 parking spaces behind the building. Currently only two are rented. Updates include: Repaired foundation masonry/repair foundation spray foam in 2025 ($5200), Replaced boiler venting in 2024 ($3978), New washer/dryer in Unit 5 in 2023($1604), Full patch and paint for Unit 2 in 2022 ($1700), Added attic insulation in 2020 ($2316), Flushed, reamed and installed liner on main plumbing stack to City connection in 2017 ($6600), New front first floor windows 2016, Appliances between 2011-2016, Apt 5 completely renovated in 2015, Front porch/balcony 2012 & 2016, Roof 2011, Copper wiring 2011, Natural gas boiler 2006 and many more minor improvements. Walking distance to UOttawa LRT Station, the Rideau Centre, ByWard Market, Strathcona Park, Rideau River, etc. Financials, 2025 Fire report and rent roll attached. 24 hours notice is required for showings. (id:25961)
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Rooms
| Level | Type | Dimensions |
|---|
Details
- Amenities Nearby: Park, Public Transit
- Parking Spaces: 5
- Transaction: For sale
Building
- Amenities: Separate Electricity Meters, Separate Heating Controls
- Appliances: Water Heater, Dryer, Hood Fan, Stove, Washer, Refrigerator
- BasementType: N/A (Partially finished), N/A
- Basement Development: Partially finished
- Basement Features: Apartment in basement
- Bedrooms Main Level: 12
- Cooling: None
- Exterior Finish: Brick, Vinyl siding
- Fireplace Present: False
- Foundation: Stone
- Bathrooms (Total): 6
- Size Interior: 3500 - 5000 sqft
- Stories Total: 3
- Type: Other
- Utility Water: Municipal water
Land
- Amenities: Park, Public Transit
- Sewer: Sanitary sewer
- Size Frontage: 40 ft ,3 in
- Size Irregular: 40.3 x 100 FT
Listing provided by MARILYN WILSON DREAM PROPERTIES INC.
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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 152 GOULBURN AVENUE in Ottawa Ontario. It was last modified on March 16th, 2026. Contact Biju George to schedule a viewing or to discover other Ottawa real estate for sale.