Discover this well-maintained 7-unit multifamily building just minutes from the heart of Ottawa, offering steady cash flow and upside potential. This turnkey investment combines solid tenants, attractive unit mix, and a desirable neighborhood with high demand for rental housing. The prime location is walkable to transit, schools, parks, shopping, dining, and cultural amenities, and is within close proximity to the University of Ottawa. Unit mix is comprised of four 2-bedrooms, two 1-bedrooms and one bachelor. All units are in excellent condition, with two of the units completely renovated in spring 2024, and two others upgraded in the past few years. Onsite laundry is available for tenant convenience and an additional source of income. The property also features an outdoor patio are for tenant enjoyment. Major upgrades include a high-efficiency gas hot water boiler furnace (2018) and main sewer line replacement (2021) from the basement to the city connection. (id:25961)
Schedule a Tour
Schedule Private Tour
Biju George would happily provide a private viewing if you would like to schedule a tour.
Match your Lifestyle with your Home
Contact Biju George, who specializes in Ottawa real estate, on how to match your lifestyle with your ideal home.
Get Started Now
Lifestyle Matchmaker
Let Biju George find a property to match your lifestyle.
Rooms
| Level | Type | Dimensions |
|---|
Details
- Amenities Nearby: Public Transit
- Equipment: Water Heater
- Rental Equipment: Water Heater
- Transaction: For sale
- Zoning Description: R4B
Building
- Appliances: All
- Cooling: None
- Fireplace Present: False
- Heating: Hot water radiator heat
- Heating Fuel: Natural gas
- Size Exterior: 3620 sqft
- Size Interior: 3620 sqft
- Type: Multi-Family
- Utility Water: Municipal water
Land
- Acreage: true
- Amenities: Public Transit
- Size Frontage: 42 ft ,6 in
- Size Irregular: 3620
- Size Total: 3620 ac
Listing provided by ROYAL LEPAGE EDMONDS & ASSOCIATES
MLS®, REALTOR®, and the associated logos are trademarks of the Canadian Real Estate Association.
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 329 RICHELIEU AVENUE in Ottawa Ontario. It was last modified on April 1st, 2026. Contact Biju George to schedule a viewing or to discover other Ottawa real estate for sale.