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! (id:61872)
| Business Type | Residential |
| Business Sub Type | Apartments |
| MLS® Number | X12178911 |
| Property Type | Multi-family |
| Community Name | 8009 - North Gower |
| Parking Space Total | 10 |
| Appliances | Dryer, Stove, Washer, Refrigerator |
| Cooling Type | Fully Air Conditioned |
| Heating Fuel | Natural Gas |
| Heating Type | Other |
| Type | Multi-family |
| Utility Water | Drilled Well |
| Acreage | No |
| Size Depth | 122 Ft ,2 In |
| Size Frontage | 166 Ft ,7 In |
| Size Irregular | 0.49 |
| Size Total | 0.49 Ac |
| Size Total Text | 0.49 Ac |
| Zoning Description | Commercial |
https://www.realtor.ca/real-estate/28378374/6610-fourth-line-road-ottawa-8009-north-gower
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