Mirna Botros

613-600-2626

59 Concord Street - $2,350,000

59 Concord Street

$2,350,000

4408 - Ottawa East

Ottawa, OntarioK1S0Y5

16 beds

8 baths

0 parking

MLS#: X12782236Listed: 17 days agoUpdated:17 days ago

Description

Welcome to 59 Concord Street - a rare opportunity to acquire a purpose-built fourplex in the heart of Sandy Hill, steps to the University of Ottawa and the Rideau Canal. Built in 2016, this Class A, fully stabilized asset sits in one of Ottawa's strongest and most consistent rental corridors.The property consists of four identical 4-bedroom, 2-bathroom units, purpose-designed to maximize rental income and tenant demand. Each suite features dark hardwood flooring, durable tile and vinyl surfaces, and open-concept layouts filled with natural light. Contemporary kitchens showcase two-toned cabinetry, granite countertops, stainless steel appliances, and oversized center islands with breakfast bars overlooking spacious living and dining areas.Every unit is equipped with in-suite laundry, independent HVAC systems (furnace and A/C), tankless hot water tanks, video intercom entry, fob access, and enhanced soundproofing between units - a premium feature that reduces turnover and increases tenant satisfaction. The building also offers secure keypad entry and 24/7 video surveillance, reinforcing safety and long-term tenant appeal.Four identical units. Units come fully furnished. Offered all inclusive, water, gas, hydro. Fully tenanted. The turnkey nature of this asset ensures minimal operational complexity and strong tenant retention.Located within walking distance to the ByWard Market, Parliament Hill, and major transit routes, this is a high-demand micro-location with consistent rental performance driven by proximity to the University of Ottawa and downtown employment hubs.Strong financial profile with an NOI of $105,500.30 at a 4.5% cap rate. A clean, modern, income-producing asset built right, positioned right, and engineered for long-term performance - an exceptional addition to any serious investor's portfolio. (id:58075)

Details

Details for 59 Concord Street, Ottawa, Ontario

Property Type: Multi Family
Building Type: Fourplex
Storeys: 3
Neighborhood: 4408 - Ottawa East
Land Size: 33 x 99 FT
Year Built: -
Annual Property Taxes: $15,509
Parking Type: No Garage

Inside

Appliances: Washer, Refrigerator, Dishwasher, Stove, Dryer, Microwave, Hood Fan, Furniture, Water Heater
Rooms: 6
Bedrooms: 16
Bathrooms: 8
Fireplace: -
Fireplace Total: -
Basement: Finished, Full

Building

Architecture Style: -
Direction: Cross Streets: Concord and Montcalm. ** Directions: Take Hwy 417 Exit Nicholas/Mann, Take Mann Exit, follow Mann as it changes into Greenfield, Turn left onto Concord Street.es into Greenfield, Turn left onto Concord Street.
Type of Dwelling: fourplex
Roof: -
Exterior: Steel, Brick
Foundation: Concrete
Flooring: -