484 Queen Mary Street Ottawa, Ontario K1K 1W2
$1,799,900
Fantastic investment opportunity! Well-positioned 6-UNIT building in a rapidly growing area, offering both steady income and future upside. Four units are currently occupied, two at market rents (renovated) and two with long-term tenants paying below-market rents, leaving room for increased returns. Two fully renovated units with modern finishes are vacant, allowing the new owner to set rents and select tenants. Additional income from coin-operated laundry and rentable on-site parking enhances cash flow. The property sits in a prime redevelopment area where older homes are being replaced with multi-unit projects, driving demand and property values. With a generous lot size and R4UC zoning, there is exciting potential for future development. This is a rare chance to acquire a stabilized asset with strong current income and significant appreciation potential ideal for investors seeking both stability and growth. Come see it today! (id:39840)
Property Details
| MLS® Number | X12383772 |
| Property Type | Multi-family |
| Community Name | 3502 - Overbrook/Castle Heights |
| Amenities Near By | Public Transit, Hospital |
| Equipment Type | Water Heater |
| Parking Space Total | 6 |
| Rental Equipment Type | Water Heater |
Building
| Bathroom Total | 5 |
| Bedrooms Above Ground | 11 |
| Bedrooms Total | 11 |
| Appliances | Stove, Refrigerator |
| Basement Features | Apartment In Basement |
| Basement Type | N/a |
| Cooling Type | None |
| Exterior Finish | Brick, Vinyl Siding |
| Foundation Type | Poured Concrete |
| Heating Fuel | Electric |
| Heating Type | Baseboard Heaters |
| Stories Total | 2 |
| Size Interior | 3,500 - 5,000 Ft2 |
| Type | Other |
| Utility Water | Municipal Water |
Parking
| No Garage |
Land
| Acreage | No |
| Land Amenities | Public Transit, Hospital |
| Sewer | Sanitary Sewer |
| Size Depth | 92 Ft |
| Size Frontage | 72 Ft |
| Size Irregular | 72 X 92 Ft |
| Size Total Text | 72 X 92 Ft |
Contact Us
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October 23 2025 12:33:12
Ottawa Real Estate Board
Lotful Realty