26 Aylmer Avenue Ottawa, Ontario K1S 2W9
$1,699,000
A rare multi unit gem in one of Ottawa's Most Coveted Neighborhoods. Welcome to a premier, fully tenanted investment opportunity in Old Ottawa South. Perfectly positioned on an expansive 30' x 161' lot, this property offers the ultimate combination of immediate cash flow and future development potential. The property boasts a major 3,000 sq. ft. addition completed in 2017, bringing the total to four self-contained, high-yielding apartments (one 3 bed, two 2 beds, and one 1 bed). Every unit benefits from the convenience of private, in unit laundry, a massive draw for top tier tenants. The original front unit has been tastefully modernized with gleaming hardwood floors, granite countertops, contemporary cabinetry, and a renovated bath. Mechanically, this building is a dream for hands off investors. It features updated roofing (2017), a 2017 sump pump, and independent climate controls. Utilities are efficiently split across 3 hydro meters, 3 gas meters, and 1 water meter. Currently generating a strong $11,349.31 in gross monthly rental income with a 6.3% cap rate, this property is rock-solid. Best of all? The City of Ottawa has indicated potential for a 5 plex conversion, giving you a clear path to instantly boost your equity and revenue whenever you're ready. Building is legal as it stands. Current total gross monthly rental income is $11,349.31. Annual gross income: $131,055.00. Annual expenses: $24,288.30. Annual net income: $106,766.70. Motivated vendor. PROPERTY SOLD AS IS WHERE IS. (id:39840)
Property Details
| MLS® Number | X13199044 |
| Property Type | Multi-family |
| Community Name | 4403 - Old Ottawa South |
| Equipment Type | Water Heater |
| Rental Equipment Type | Water Heater |
Building
| Appliances | Dishwasher, Dryer, Washer |
| Cooling Type | Fully Air Conditioned |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Size Interior | 4,782 Sqft |
| Type | Multi-family |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Size Depth | 161 Ft ,11 In |
| Size Frontage | 30 Ft ,4 In |
| Size Irregular | 30.36 X 161.96 Ft |
| Size Total Text | 30.36 X 161.96 Ft |
| Zoning Description | R3 |
https://www.realtor.ca/real-estate/29813892/26-aylmer-avenue-ottawa-4403-old-ottawa-south
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May 27 2026 07:35:45
Ottawa Real Estate Board
Royal LePage Performance Realty