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Tony & Ledi Real Estate Team

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Est. payment | -/mo

5 Beds

3 Baths

Save

Est. payment | -/mo

Save

5 Beds

3 Baths

Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

Approx. Sqft 700-1100

Subdivision 3503 - Castle Heights

MLS Listing ID X13050852

Style Bungalow-Raised

Bedrooms 5

Annual Tax Amount $6,341

Tax Year 2025

Property Sub-Type Triplex

Property Description

Well-maintained triplex on an oversized lot with over 84 ft of frontage, offering a rare opportunity to blend immediate cash flow, owner-occupancy potential, and long-term redevelopment upside. The property generates $48,192 annually with a net operating income of $31,582, featuring a spacious upper-level 3-bedroom unit ideal for an owner-occupant, complemented by two lower-level studio apartments to help offset carrying costs. Unit 1 and Unit 2 are currently on month-to-month leases, while Unit 3 is leased until July 31, 2026. This property has been meticulously maintained by long-term ownership, with clear pride of care throughout and very little deferred maintenance, allowing a new owner to step in and operate with confidence and minimal immediate capital requirements. Major capital improvements include a new roof (2014), driveway expansion and repaving, landscaping and regrading, masonry repairs, and a PVC privacy fence. For investors, this is a balanced asset with solid in-place income and clear upside. For end users, it presents a unique opportunity to live in a larger unit while generating meaningful rental income. The 84 ft frontage further enhances the property with strong future potential for redevelopment, severance, or expansion, making this a versatile acquisition in a market where opportunities like this are increasingly rare.

Location

Province ON

County Ottawa

Area Ottawa

Rooms

Family Room No

Basement Apartment, Finished

Kitchen 3

Separate Den/Office 2

Interior

Interior Features Carpet Free, In-Law Capability, Separate Hydro Meter

Cooling None

Inclusions 3 fridge, 3 stove, coin washer, coin dryer

Exterior

Parking Features Private Double, Tandem

Pool None

Roof Type Asphalt Shingle

Lot Frontage 84.89

Lot Depth 61.44

Total Parking Spaces 6

Building

Foundation Concrete

Others

Senior Community No

ParcelsYN No

Listed by SLEEPWELL REALTY GROUP LTD

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473 Vernon AVE Overbrook - Castleheights And Area, ON K1K 1A8