Exceptional turnkey investment opportunity in the heart of Sandy Hill, just one block from the University of Ottawa. This Victorian triplex with a legal secondary dwelling unit has four highly desirable & spacious apartments. 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) and new kitchen & paint in Apartment 3 (2026) . Current monthly rents are as follows: Apartment 1 - $1,734; Apartment 2 - $2,150; Apartment 3 - $2050; Apartment 4 - $1750; with 2 % rent increases for Apt 1 & 4 coming in Sept. Additional income is generated through parking ($4,080 annually) and coin-operated laundry ($1,000 annually), resulting in a total income of $98,008, a strong net operating income of $76,512 & a Cap Rate of 5.89%. With five individual hydro meters providing efficient utility management, a fire retrofit certificate on file, and consistent demand driven by the property's proximity to the University of Ottawa, this asset offers both operational simplicity and long-term reliability. Significant upside remains available through future rent growth as apartments turn over - making this a compelling addition to any investment portfolio.
Address
121 Osgoode Street
List Price
$1,299,000
MLS® Status
New
Property Type
Residential Freehold
Type of Dwelling
Triplex
Style of Home
3-Storey
Transaction Type
Sale
Area
Lower Town - Sandy Hill
Sub-Area
4004 - Sandy Hill
Region
Ottawa
Bedrooms
6 + 2
Bedrooms (Total)
8
Rooms Above Grade
15
Rooms Below Grade
5
Bathrooms
4
Floor Area
2000-2500 Sq. Ft.
Lot Size Source
MPAC
Lot Depth
52.5
Lot Size Units
Feet
Lot Width
27
Parcel Number
042090039
Occupant Type
Tenant
Cross Street
Osgoode and Nelson
MLS® Number
X13165198
Listing Brokerage
RE/MAX HALLMARK REALTY GROUP
Basement Area
Apartment
Postal Code
K1N 6S5
Posession Details
TBA
Parking
Front Yard Parking
Parking Places (Total)
2
Parking Spaces
2
Tax Amount
$9,164.00
Tax Year
2025
Site Influences
Porch
Exterior Features
Porch
Interior Features
Accessory Apartment
Central Vacuum
No
Family Room
No
Hydro
Yes
Elevator
No
Ensuite Laundry
No
Special Designation
Other
Standard Status
Active
Senior Community
No
Board Or Association
Ottawa Real Estate Board
Heat Source
Gas
Heat Type
Forced Air
Cooling Features
None
Construction Materials
Brick, Wood
Direction Faces
North
Fireplace
No
Foundation Details
Stone
Garage
No
Garage Type
None
Kitchens Total
4
Kitchens Above Grade
3
Kitchens Below Grade
1
Pool Features
None
Roof
Asphalt Shingle
Tax Legal Description
PT LT 12, PL 14349 , E/S NELSON ST, AS IN N560332 ; OTTAWA/NEPEAN. T/W N321137.
Topography
Flat
Waterfront
No
Sewer
Sewer
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