$1,998,000

For sale

152 Goulburn Avenue, Ottawa - Multi-family for Sale

152 Goulburn Avenue, Ottawa, Ontario, K1N8E2

12 beds6 baths5 parking4,250 ft²40 × 100 ft (4,030 sq ft) lot sizeListed 42 days ago

Overview

This multi-family property in Ottawa is for sale offering roughly 4,250 sq ft of space. It has been on the market 42 days, fresher than the Ottawa average of 63 days.

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Description

Turnkey prime investment opportunity. Purpose-built legal 6 unit multifamily in the heart of Sandy Hill. Very desirable rental market neighbourhood walking distance to Ottawa University. Stately all brick building. GOI $142, 338.12. Expenses $29,271.15. NOI $113,066.97. Currently offering at a 5% cap rate. Well maintained. Provides steady returns. Never a vacancy. Cooperative tenants. 2 one bedroom units, 2 two bedroom units and 2 three bedroom units. Very spacious units with eat-in kitchens and large living rooms. 5 units have a washer and dryer. Also included: 6 fridges, 6 stoves, 2 hood fans and 6 hot water tanks. 5 parking spaces behind the building. Currently only two are rented. Updates include: Repaired foundation masonry/repair foundation spray foam in 2025 ($5200), Replaced boiler venting in 2024 ($3978), New washer/dryer in Unit 5 in 2023($1604), Full patch and paint for Unit 2 in 2022 ($1700), Added attic insulation in 2020 ($2316), Flushed, reamed and installed liner on main plumbing stack to City connection in 2017 ($6600), New front first floor windows 2016, Appliances between 2011-2016, Apt 5 completely renovated in 2015, Front porch/balcony 2012 & 2016, Roof 2011, Copper wiring 2011, Natural gas boiler 2006 and many more minor improvements. Walking distance to U Ottawa LRT Station, the Rideau Centre, ByWard Market, Strathcona Park, Rideau River, etc. Financials, 2025 Fire report and rent roll attached. 24 hours notice is required for showings. (id:66096)

Property Details

MLS®: X13819170
Property Type: Multi-family
Bedrooms: 12
Beds (above / below): 10 above · 2 below
Bathrooms: 6
Parking: 5
Interior Size: 4,250 ft²
Lot Size: 40 × 100 ft (4,030 sq ft)
Frontage: 40 ft
Storeys: 2
Basement: Finished, N/A
Heating: Natural gas
Cooling: None
Garage: No Garage
Property Tax: $12,072.65/yr
Listed: 42 days ago

Features

Appliances: Washer, Refrigerator, Stove, Dryer, Hood Fan
Foundation: Stone
Exterior: Brick, Vinyl siding

Services

Water: Municipal water
Sewer: Sanitary sewer

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

42d

Ottawa listings, avg age

63d

Price / ft²

$470

List price

$2.00M

Haho

This 12-bed multi-family in Ottawa has been listed for 42 days, which is 21 days fresher than the city average of 63. Act while there is still low competition.

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Listed by MARILYN WILSON DREAM PROPERTIES INC. · Connor McBride

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (K1N)

This home lists at $1,998,000, about 31.2× the local median household income of $64,000.

Carrying it typically needs a household income of about $390,279 (20% down, 25-yr amortization, stress-tested) — roughly 510% above the area median.

Median household income: $64,000
Population: 26,639
Median age: 34
Owner / renter: 24% / 76%
Avg. household size: 1.8

Source: Statistics Canada, 2021 Census (FSA K1N)

$1,998,000· $470/ft²

For sale

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Full Cost Breakdown

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Down Payment20% · $399,600

Min 20%50%

Mortgage payment$8,521/mo

Property tax (est.)$1,006/mo

Total monthly$9,527

Cash Needed to Close

Down payment (20%)$399,600

Land transfer tax$36,435

Est. closing costs$8,494

Total cash needed$444,529

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