Ottawa Triplex For Sale

Ottawa, Ontario

Prime Mixed-Use Income & Redevelopment Opportunity. Opportunity to own a centrally located mixed-use property with both strong holding income and tremendous future development upside. Situated on highly visible Parkdale Avenue, this property is currently zoned TM13, with conversion to CM1 under Ottawa’s new zoning bylaw unlocking increased density and flexibility for mid-rise, mixed-use, or multi-residential redevelopment in one of Ottawa’s most desirable growth corridors. Originally a triplex, the building has been reconfigured into one commercial and one residential unit but can be converted back to three separate units, maximizing rental income. The ground floor and basement are home to a well-established and busy nail salon, providing stable commercial revenue. The second floor features a three bedroom, two bathroom apartment, which could also be divided into two smaller units to increase cash flow. With excellent frontage, strong pedestrian and vehicle traffic, and immediate access to Tunney’s Pasture, the LRT, and Ottawa’s downtown core, this site is ideally positioned for both near-term cash flow and long-term redevelopment. Investors will appreciate the holding income while planning for future intensification under CM1 zoning, which supports a wide variety of commercial and residential uses. Vacant possession will be available by November 30, 2025, making this a rare and strategic acquisition for forward-thinking investors, developers, or owner-users looking to secure a property with both current stability and long-term potential. (id:50982)

Ottawa, Ontario

Exceptional turnkey investment opportunity in the heart of Sandy Hill, just one block from the University of Ottawa. This legal triplex with a secondary dwelling unit comprises four highly desirable, income-producing apartments, perfectly positioned for consistent student rental demand. 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). Current monthly rents are as follows: Apartment 1 – $1,734; Apartment 2 – $1,850; Apartment 3 – $1,834; Apartment 4 – $1,750. The property is equipped with five hydro meters, allowing for efficient utility management. Additional income is generated through parking ($4,080 annually) and coin-operated laundry ($1,000 annually), resulting in a strong net operating income of $69,600, with considerable upside potential through future rent increases. Notably, Apartments 2 and 3 will become vacant on April 30, 2026, providing the incoming owner with an opportunity to set market rents. A fire retrofit certificate is on file. A rare offering and a true cornerstone asset for any investment portfolio. (id:50982)

Ottawa, Ontario

Discover a prime investment opportunity with this well-maintained triplex at 138 King George Street. Total GOI for is $57,360, and Operating Expense is $10,978. NOI is 46,382. The property features three 2-bedroom 2-bathroom units. Located in Ottawa’s desirable Overbrook neighborhood, this property offers an unbeatable location just minutes from Highway 417, with easy access to downtown and beyond. The St. Laurent Shopping Centre one of Ottawa’s major retail destinations is only a short drive away, offering shopping, dining, and entertainment at your fingertips. The scenic Rideau River, with its nearby parks and walking/cycling paths, is just a short stroll away. Blending urban convenience with a touch of nature, this turn-key triplex is a smart addition to any real estate portfolio. Note the interior images are from Unit2 at 136 King George, which is mirrored layout. (id:50982)

Ottawa, Ontario

$143,000 gross income. Brand new triplex with two additional units built to code and ready for occupancy certificates when the City upzones the lot as part of its new official plan. Surrounded by high-end infill and close to the Parkway. Four gas meters. Four electric meters. Three enormous three bedroom units (3 beds, 2 full baths). Two spacious one bedroom units (1 bed, 1 bath). Built after 2018: owner permitted to increase rents as desired. (id:50982)

Ottawa, Ontario

Nestled in a prime Sandy Hill location, this well-maintained legal triplex offers exceptional convenience, particularly for University of Ottawa students. Meticulously cared for and thoughtfully updated, the property presents beautifully and has maintained full occupancy for over six years.Unit 1 features 3 bedrooms and 1 bathroom, soaring ceilings, and direct access to the landscaped backyard.Unit 2 offers 3 bedrooms and 1 bathroom, highlighted by hardwood flooring throughout and abundant natural light.Unit 3 is a spacious two-storey suite with 4 bedrooms and 2 full bathrooms.Additional features include ample storage space, shared laundry facilities in the basement, and a private, fully fenced, landscaped backyard. The property underwent fire retrofitting in 2019 and benefits from a new furnace and A/C (2023), promoting comfort and safety for all occupants. There is also potential for a fourth unit in the basement.Ideally located near Ottawa U, Rideau Centre, Rideau River, Strathcona Park, the National Gallery, Lowertown, and the ByWard Market, this is a rare opportunity to acquire a strong asset in one of Ottawa’s most desirable rental pockets. (id:50982)

Renfrew, Ontario

TRIPLEX in a great Renfrew location. This solid brick triplex boasts 3 great units with 3 good tenants in place. UNIT 1 rents for $ 1,255.00 and offers 1 bedroom. UNIT 2 is a 2 bedroom unit renting at $ 1,255.00 and UNIT 3 boasts one bedroom plus den at $ 1,040.00. All tenants pay their own utilities. Come and see this great investment property. (id:50982)

Ottawa, Ontario

This move-in ready triplex is ideally located just 10 minutes from downtown Ottawa, offering exceptional convenience and lifestyle. Situated within walking distance to NCC paths, the Experimental Farm, transit, shopping, schools, hospitals, and more, it’s a rare opportunity in a prime location. The main unit features three bedrooms and is perfect for owner occupancy, with its own private entrance, in-unit laundry, a sunny back deck, and a charming front garden. Inside, the home is bright and spacious, showcasing an open-concept great room, a modern kitchen with granite countertops, updated flooring, and fresh paint throughout. The lower level includes two bright and inviting one-bedroom units, each with its own separate entrance and access to a shared laundry area. Currently fully tenanted at $1213.98 (unit 1), $1208.22 (unit 2) and $2750.00 (unit 3) Showings available on Tuesdays, Fridays , or Sunday aftenoons (id:50982)

Ottawa, Ontario

Luxury triplex built by Blueprint Construction on an oversized lot rarely offered with expansive 1400sq/ft units on each floor. Additional 3 non-conforming studio apartments in the basement built to code. This turnkey newly built multi-family building produces $92,559 net operating income annually. These expansive units with luxury finishes offer a generous 3-bedroom 2-bathroom apartment, all with ample parking. As the real estate cliche goes , a quality rental attracts a quality tenant. Located just minutes from schools, grocery stores, Shopping Centre, restaurants, and public transit. making this an incredible opportunity for any investor looking for a high-earning property with growth potential. (id:50982)