Mirna Botros

613-600-2626

Fourth Line Road - $2,990,000

Fourth Line Road

$2,990,000

8009 - North Gower

Ottawa, OntarioK0A2T0

0 beds

0 baths

null parking

MLS#: X12767868Listed: 23 days agoUpdated:23 days ago

Description

Institutional-quality, cash-flow-positive investment offering long-term stability with embedded upside. This mostly renovated multi-unit asset has been thoughtfully upgraded to support predictable income, low operating risk, and strong tenant retention. Five units have been renovated within the past two years, two additional units within the past five years, while the attached three-bedroom residence remains largely unrenovated, presenting a clear and controllable value-add opportunity through modernization and rent repositioning.The property is engineered to run lean. A commercial-grade septic system and new septic bed, completed within the last two years, paired with upgraded electrical infrastructure and full separate metering, ensures operating efficiency while pushing utility costs directly to tenants. A new private well eliminates water expenses entirely, and the absence of municipal services results in consistently low property taxes, materially strengthening net operating income and long-term yield.Operational stability is further enhanced by a long-term tenant occupying the attached residence who also serves as an on-site caretaker. In exchange for below-market rent, this tenant provides snow removal, lawn care, routine maintenance, and minor repairs - services not reflected in operating expenses - effectively stabilizing cash flow and reducing management exposure without increasing overhead. Four units are wheelchair accessible, offering a durable competitive advantage in a market with an aging demographic and limited accessible housing supply. These units remain in high demand, support strong tenant quality, and contribute to low vacancy and turnover. The building is well maintained, tenanted by clean, long-term occupants, and requires no immediate capital expenditures. This asset delivers reliable income today with measured upside tomorrow, making it ideal for investors seeking strong in-place cash flow, low expense ratios. (id:58075)

Details

Details for Fourth Line Road, Ottawa, Ontario

Property Type: Multi Family
Building Type: Multi Family
Storeys: -
Neighborhood: 8009 - North Gower
Land Size: Bldg=166.64 x 122.17 FT
Year Built: -
Annual Property Taxes: $13,982
Parking Type: -

Inside

Appliances: Washer, Dryer
Rooms: -
Bedrooms: -
Bathrooms: 0
Fireplace: -
Fireplace Total: -
Basement: -

Building

Architecture Style: -
Direction: 417W to 416S exit towards 401, take exit 49 for Ottawa regional road, turn right on Roger Stevens Drive, Turn right on Fourth Line Road
Type of Dwelling: multi_family
Roof: -
Exterior: -
Foundation: -
Flooring: -

Land

Sewer: -
Lot Size: Bldg=166.64 x 122.17 FT
Zoning: -
Zoning Description: VM7[314r]

Parking

Features: -
Total Parking: -

Utilities

Cooling: Fully air conditioned
Heating: Baseboard heaters, Forced air, Electric, Natural gas, Hot Water
Water: -

Feature Highlights

Community: -
Lot Features: -
Security: -
Pool: -
Waterfront: -

Rooms

Rooms for Fourth Line Road, Ottawa, Ontario

Level	Name	Dimensions

Map

Contact Mirna

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