Exceptional Multi-Residential Investment Opportunity in the Heart of Merrickville Located in one of Eastern Ontario's most charming communities this purpose-built five-unit apartment building offers investors an outstanding combination of stable income, modern construction, and virtually worry-free ownership. Situated minutes away from Merrickville vibrant downtown core, residents enjoy convenient access to boutique shopping, restaurants, cafés, galleries, and the historic Rideau Canal. Constructed two years ago, this attractive building has been thoughtfully designed with both tenant comfort and long-term ownership in mind. The property consists of five spacious two-bedroom apartments featuring contemporary layouts, quality finishes, and modern conveniences that continue to attract and retain excellent tenants. Each suite offers a bright, open-concept floor plan highlighted by soaring ceilings and generous living spaces that create an airy, welcoming atmosphere. Large windows allow for an abundance of natural light throughout the day, while modern electric fireplaces provide warmth, character. The kitchens are equipped with stainless steel appliances and ample cabinetry, seamlessly flowing into the dining and living spaces. In-suite laundry, spacious bedrooms, well-appointed bathrooms, and efficient floor plans that maximize functionality and comfort. Four of the five apartments feature private balconies, providing valuable outdoor living space. The property includes both indoor and outdoor parking accommodations. The building's low-maintenance design and relatively recent construction mean investors can focus on income generation rather than capital expenditures. All units are currently rented at market rates. The quality of the building, desirable suite layouts, and prime location contribute to strong tenant demand and excellent long-term rental prospects.
Address
117 Drummond Street W
List Price
$2,200,000
MLS® Status
Price Change
Property Type
Residential Freehold
Type of Dwelling
Multiplex
Style of Home
3-Storey
Transaction Type
Sale
Area
Merrickville-Wolford
Sub-Area
804 - Merrickville
Region
Leeds and Grenville
Bedrooms
10
Bedrooms (Total)
10
Rooms Above Grade
35
Bathrooms
5
Floor Area
5000 + Sq. Ft.
Lot Size Source
MPAC
Lot Depth
81.87
Lot Size Units
Feet
Lot Width
59.23
Parcel Number
681080662
Parcel of Tied Land
No
Occupant Type
Tenant
Cross Street
St John Street
Approx. Age
0 - 5 Years
MLS® Number
X13458784
Listing Brokerage
RE/MAX HALLMARK REALTY GROUP
Basement Area
None
Postal Code
K0G 1N0
Posession Details
Flexible
Parking
Private Double
Parking Places (Total)
10
Parking Spaces
6
Tax Amount
$14,286.70
Tax Year
2025
Site Influences
Controlled Entry, Landscaped
Exterior Features
Controlled Entry, Landscaped
Interior Features
Auto Garage Door Remote, Carpet Free, On Demand Water Heater, Primary Bedroom - Main Floor
Central Vacuum
No
Family Room
No
Elevator
No
Ensuite Laundry
No
Special Designation
Unknown
Standard Status
Active
Senior Community
No
Board Or Association
Ottawa Real Estate Board
Heat Source
Propane
Heat Type
Forced Air
Cooling Features
Central Air
Construction Materials
Aluminum Siding, Brick
Direction Faces
South
Fireplace
Yes
Foundation Details
Concrete
Garage
Yes
Garage Type
Attached
Covered Spaces
4
Kitchens Total
5
Kitchens Above Grade
5
Pool Features
None
Roof
Asphalt Shingle
Tax Legal Description
E 1/2 LT 40 S OF RIVER PL 6 MERRICKVILLE VILLAGE OF MERRICKVILLE-WOLFORD
View Type
City
Waterfront
No
Waterfront
None
Sewer
Sewer
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