$ 974,900
-
$974,900
Price -
5
Bed -
4
Bath -
2,000
SqFt
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About the Listing 487802 -
"Walkable Lifestyle. Reliable Investment." On one of most desirable urban streets, just steps from the Rideau Canal and moments to the cafés, restaurants, boutiques, and everyday conveniences of Golden Triangle and Elgin Street, this brick house ( presently 3 units) presents a rare opportunity for both investors and future owner-occupiers a like. The building showcases attractive heritage-inspired brick detailing. Fully rented and excellent tenant's. Set on a quiet residential street lined with attractive homes and long-term neighbors, the property benefits from a location that continues to attract high-quality tenants seeking an urban lifestyle centered around walkability, green space, and community connection. The building comprises well-rented units with excellent tenants currently in place, generating annual rental income of $58,284.00. with approximately $20,866.67 in yearly expenses ( includes snow removal ). Rear laneway access provides parking and year-round convenience, with the lane maintained and plowed in winter months. Beyond the existing income potential, the property also offers long-term upside and flexibility. Whether maintained as a stable investment property, gradually updated to further enhance revenue potential, or eventually reimagined as a future owner-occupied residence with income support, the combination of location, lot size, brick construction, and neighborhood demand creates a compelling opportunity for growth over time. With a 30 x 93 ft lot, rear lane access and one of Ottawa's most walkable urban settings, this is the kind of property that rarely loses relevance - a smart investment today and an exciting opportunity for the future. 3 units - one per floor - 3rd floor unit access at rear . Rear Lane allows for easy access -3 car parking. As well a shared right of way driveway with 89 Waverley. .Zoning N4B(478) Showing times 24 hour notice.
Listing Highlights
Status
Active
Days on Site
25
Property Type
Multi-Family
MLS ®
X13470236
Year Built
Total Square Footage
2,000
Lot/Acreage
0.06
Interior Details
- Bedrooms: 5
- Bathrooms: 4 Full
- Appliances:
- Air Cond: Window Unit(s)
- Heating: Gas
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement: Full,Unfinished,Partially Finished
- Other: 3 Kitchens
- Water: Water System
Exterior Details
- Garage Capacity: N/A
- Roof: Shingles
- Others: Arts Centre,Public Transit,School Bus Route
- Sewer: Sewer
- Parking Features: Private,Right Of Way,Lane,No Garage
Financial Details
- Tax Amount: $9,039
- Taxes w/Assessments: N/A
- Tax/Property ID: 041170174
- Tax Year: 2026
Payment Calculator
Monthly Payment
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Questions About..
85 Waverley St E Ottawa Centre, ON K2P 0V1
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