- Status:
- Active
- Prop. Type:
- Commercial
- MLS® Num:
- X12178911
- Bus Major:
- Apts - 6 To 12 Units
- Photos (27)
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This is a rare investment opportunity featuring eight spacious and beautifully updated residential rental units, including a large single-family home attached to the main building. Situated on a massive lot with ample parking, this property offers exceptional cash flow with low operating costs thanks to no water bills (on well water), low property taxes, a brand new commercial-grade septic system, and separately metered, upgraded electrical throughout. Heating is fully electric and efficiently serviced by brand new heat pumps, with a backup gas furnace available for added security. Seven of the eight units have been renovated three in approximately 2021 and four in 2025 featuring bright, modern, and spacious interiors. The large main home offers tremendous upside with the potential to increase rents following tenant turnover. Located on one of the most desirable streets in the area, this property has incredible future development potential. With several long-term tenants in place, theres significant room for rent growth making this a prime candidate for a high-value refinance as leases turn over.The upside is real and its not priced in!
- Property Type:
- Commercial
- Property Sub Type:
- Investment
- Freestanding:
- Yes
- Total Area:
- 21344 sq. ft. Acres
- Total Area:
- 21,344.4 sq. ft.
- Depth:
- 122'2"
- Frontage:
- 166'8"
- Water supply:
- Well
- Zoning:
- Commercial
- Heating type:
- Gas Forced Air Open
- Garage:
- None
- Parking Spaces:
- 10
- Possession Details:
- Flexible
- Lot Irregularities:
- 0
- HST Applicable To Sale Price:
- Included In
- Type Taxes:
- Annual
- Taxes:
- $13,982 / 2025
- Assessment:
- $- / -
- Manotick - Kars - Rideau Twp and Area
- 8009 - North Gower
- Ottawa
- No
- 8 Fridges, 8 Stoves, All washers and dryers in the units
- Tenant belongings
- Water Supply Types:
- Drilled Well
- Utilities:
- Yes
- Air Conditioning:
- Yes
- Seller Property Info Statement:
- No
- Physically Handicapped-Equipped:
- No
- Financial Statements:
- No
- Gross income:
- $185,700
- Expenses Actual/Estimated:
- Estimated
- Heating Expenses:
- $2,400
- Hydro Expenses:
- $1,000
- Insurance Expenses:
- $7,800
- Management Expenses:
- $0
- Tax Expenses:
- $13,982
- Operating Expenses:
- $28,060
- Other Expenses:
- $678
- Water Expenses:
- $0
- Year Expenses:
- 2025
- Maintenace Expenses:
- $2,200
- Major Business Type:
- Apts - 6 To 12 Units
- Category:
- Apartment
- Franchise:
- No
- Date Listed:
- May 28, 2025
- Original Price:
- $3,200,000
- Previous Price:
- $3,400,000
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Listed by EXP REALTY
Data was last updated September 8, 2025 at 05:15 PM (UTC)
- ALI BOLOURCHI
- EXP REALTY BROKERAGE
- 1 (416) 8862000
- Contact by Email
A.B.R.E. Team
eXp Realty Brokerage
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- NAR (National Association of REALTORS®)
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- ABR® (Accredited Buyer Representative)
- AREAA (Asian Real Estate Association of America)
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Toronto, ON, M2N6K8