Incredible investment opportunity in the heart of Old Ottawa South! This fully tenanted multi-unit property sits on an expansive 30' x 161' lot and features a newer 3,000 sq. ft. addition, creating four self-contained apartments in total.The building includes one spacious 3-bedroom unit, two well-appointed 2-bedroom units, and one 1-bedroom unit. The original front unit has been tastefully updated with hardwood floors, granite countertops, modern cabinetry, and a renovated bathroom. It also features its own furnace (2020), A/C (2017), and rented hot water tank. The 2017 addition was thoughtfully constructed with two furnaces and two central A/C units. Additional improvements include roof (2017) and sump pump (2017). The property is serviced by 3 hydro meters, 3 gas meters, and 1 water meter. All units offer the convenience of in-unit laundry. Currently generating $11,349.31 in gross monthly rental income with a 6.3% cap rate. The property is legal as it stands, and the City of Ottawa has suggested potential for a 5-plex configuration, offering future upside for increased income. (id:25961)
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Rooms
| Level | Type | Dimensions |
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Details
- Equipment: Water Heater
- Rental Equipment: Water Heater
- Transaction: For sale
- Zoning Description: R3
Building
- Appliances: Dishwasher, Dryer, Washer
- Cooling: Fully air conditioned
- Fireplace Present: False
- Heating: Forced air
- Heating Fuel: Natural gas
- Size Interior: 4782 sqft
- Type: Multi-Family
- Utility Water: Municipal water
Land
- Size Frontage: 30 ft ,4 in
- Size Irregular: 30.36 x 161.96 FT
Listing provided by ROYAL LEPAGE PERFORMANCE 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 26 AYLMER AVENUE in Ottawa Ontario. It was last modified on February 23rd, 2026. Contact Biju George to schedule a viewing or to discover other Ottawa real estate for sale.