Triplex For Sale | X13165198Sale

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.