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Jeff Balys

jeff@balys.org +1(613) 795-3947

$ 1,199,999

Est. payment | -/mo

6 Beds

3 Baths

Save

$ 1,199,999

Est. payment | -/mo

Save

6 Beds

3 Baths

Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

Approx. Sqft 1500-2000

Subdivision 5105 - Laurentianview

MLS Listing ID X13812090

Style 2-Storey

Bedrooms 6

Annual Tax Amount $7,620

Tax Year 2025

Property Sub-Type Triplex

Property Description

Prime Westboro Income Opportunity! An exceptional chance to own a fully updated, all-brick legal duplex with a fully permitted basement secondary dwelling unit, offering three self-contained two-bedroom units in one of Ottawa's most sought-after urban neighbourhoods. Set on a generous 49.02' x 66.0' lot, this income property combines strong cash flow, quality upgrades, and long-term upside. Each unit is separately hydro-metered and equipped with air conditioning, while two driveways provide valuable on-site parking for all the tenants. The property generates approximately $80,400 in annual gross rental income. Based on seller-provided operating expenses, the estimated Net Operating Income is approximately $60,775.63 per year, representing an estimated 5.07% cap rate. With refreshed interiors, solid in-place income, and a premium Westboro location close to shops, transit, parks, schools, beach and everyday amenities, this is a compelling opportunity for investors seeking immediate income with future growth potential. The property may also offer additional intensification possibilities, including the potential for another secondary dwelling unit or coach house/garden-suite-style development, subject to applicable zoning, planning, building code requirements, and municipal approvals. Buyer to independently verify all permitted uses and development potential. ps: The listing photos are of Apartment #1 only and were taken before the tenants moved in. Apartment #2 offers a similar layout and finish. The basement unit is approximately 200 sq. ft. smaller than the other units and includes two bedrooms, a full bathroom, kitchenette, living room, furnace room, mechanical room, and laundry room.

Location

Province ON

County Ottawa

Area Ottawa

Rooms

Family Room Yes

Basement Separate Entrance

Kitchen 3

Interior

Interior Features Carpet Free, Separate Hydro Meter, Sump Pump, Water Heater

Cooling Central Air

Fireplace No

Heat Source Gas

Exterior

Pool None

Roof Type Asphalt Shingle

Lot Frontage 49.0

Lot Depth 66.0

Total Parking Spaces 6

Building

Foundation Concrete Block

Others

ParcelsYN No

Listed by INNOVATION REALTY LTD.

Nearby Locations

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(613) 795-3947

jeff@balys.org

Ottawa Ontario, Canada

391 Greenwood AVE Carlingwood - Westboro And Area, ON K2A 0X4

Jeff Balys

Key Details

Location

Rooms

Interior

Exterior

Building

Others

Nearby Locations

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391 Greenwood AVE