Purpose-built FOURPLEX on a 66' x 99' lot with N4B H zoning (formerly R4UD). This property offers both strong in-place income and excellent future development potential. This well-maintained property features four fully occupied residential units - two one-bedroom and two two-bedroom suites-plus a separately rented garage/warehouse currently used for storage, with flexibility for alternative uses such as a studio, loft-style space, or traditional parking. The building provides multiple income streams and tenant-friendly amenities, including designated parking for all tenants, storage lockers, coin-operated laundry, a utility room, and a convenient common powder room, for an annual total income of $90,600.00 (Cap rate of 5.5%). Outdoor spaces include an upper deck and a private front garden patio with lattice screening, reflecting pride of ownership throughout this long-held asset. Key updates include thermopane windows (2006 with some windows also replaced within last 5 years), flat roof (2006, with metal roof on garage), fire retrofit (2010), and an owned boiler with water storage tank (2015). The property is fully upgraded with a 100 AMP breaker panel, additional fuse panel, and no knob-and-tube wiring. Offering an ideal location at the corner of Vanier Parkway and Montreal Road, tenants love to be centrally located just steps from downtown Ottawa. The property offers easy access to shopping, transit, schools, parks, and recreational amenities, making it highly attractive to tenants. The downtown core is easily reachable by foot, bike, car, or public transit. INCLUDES: 4 fridges, 4 stoves, 2 hood fans, 1 microwave/hood fan, 1 dishwasher, 1 coin-operated washer, 1 coin-operated dryer, owned boiler, and 6 hydro meters. Note: 48-hour irrevocable required on all offers. (id:25961)
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Rooms
| Level | Type | Dimensions |
|---|
Details
- Parking Spaces: 6
- Structure: Deck, Patio(s)
- Transaction: For sale
Building
- Appliances: Dishwasher, Dryer, Hood Fan, Microwave, Stove, Washer, Refrigerator
- BasementType: None
- Bedrooms Main Level: 6
- Cooling: None
- Exterior Finish: Stucco
- Fireplace Present: False
- Foundation: Concrete
- Bathrooms (Half): 1
- Bathrooms (Total): 5
- Heating: Radiant heat
- Heating Fuel: Natural gas
- Size Interior: 3000 - 3500 sqft
- Stories Total: 2
- Type: Fourplex
- Utility Water: Municipal water
Land
- Sewer: Sanitary sewer
- Size Frontage: 66 ft
- Size Irregular: 66 x 99 FT
Listing provided by ROYAL LEPAGE TEAM REALTY
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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 213 DESROSIERS STREET in Ottawa Ontario. It was last modified on April 17th, 2026. Contact Biju George to schedule a viewing or to discover other Ottawa real estate for sale.