Exceptional turnkey investment opportunity in the heart of Sandy Hill, just one block from the University of Ottawa. This Victorian triplex with a legal secondary dwelling unit has four highly desirable & spacious apartments. Each thoughtfully updated suite features two bedrooms, one bathroom, hardwood flooring, and impressive high ceilings, creating bright and inviting living spaces. Recent capital improvements include a new roof (2016), furnace (2019), tankless hot water system (2011), rebuilt front porch (2025), and a newly renovated kitchen in Apartment 4 (2025) and new kitchen & paint in Apartment 3 (2026) . Current monthly rents are as follows: Apartment 1 - $1,734; Apartment 2 - $2,150; Apartment 3 - $2050; Apartment 4 - $1750; with 2 % rent increases for Apt 1 & 4 coming in Sept. Additional income is generated through parking ($4,080 annually) and coin-operated laundry ($1,000 annually), resulting in a total income of $98,008, a strong net operating income of $76,512 & a Cap Rate of 5.89%. With five individual hydro meters providing efficient utility management, a fire retrofit certificate on file, and consistent demand driven by the property's proximity to the University of Ottawa, this asset offers both operational simplicity and long-term reliability. Significant upside remains available through future rent growth as apartments turn over - making this a compelling addition to any investment portfolio. (id:25961)
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Rooms
| Level | Type | Dimensions |
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Details
- Features: Flat site
- Parking Spaces: 2
- Structure: Porch
- Transaction: For sale
- Zoning Description: R5C
Building
- Appliances: Water meter, Dryer, Stove, Water Heater, Washer, Refrigerator
- BasementType: N/A
- Basement Features: Apartment in basement
- Bedrooms Main Level: 6
- Bedrooms Lower Level: 2
- Cooling: None
- Exterior Finish: Brick, Wood
- Fireplace Present: False
- Foundation: Stone
- Bathrooms (Total): 4
- Heating: Forced air
- Heating Fuel: Natural gas
- Size Interior: 2000 - 2500 sqft
- Stories Total: 3
- Type: Triplex
- Utility Water: Municipal water
Land
- Sewer: Sanitary sewer
- Size Frontage: 27 ft
- Size Irregular: 27 x 52.5 FT
Listing provided by RE/MAX HALLMARK REALTY GROUP
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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 121 OSGOODE STREET in Ottawa Ontario. It was last modified on May 22nd, 2026. Contact the Nancy Wright Team to schedule a viewing or to discover other Ottawa homes for sale.