$1,998,000

For sale

152 Goulburn Avenue, Ottawa - Multi-family for Sale

152 Goulburn Avenue, Ottawa, Ontario, K1N8E2

3,520 ft²40 × 100 ft (4,033 sq ft) lot sizeListed 42 days ago

Overview

This multi-family property in Ottawa is for sale offering roughly 3,520 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 UOttawa 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®: X13819172
Property Type: Multi-family
Zoning: R4H[480], Unassigned
Interior Size: 3,520 ft²
Lot Size: 40 × 100 ft (4,033 sq ft)
Frontage: 40 ft
Heating: Hot water radiator heat, Natural gas
Cooling: None
Property Tax: $12,072.65/yr
Listed: 42 days ago

Features

Appliances: Washer, Dryer, Hood Fan

Services

Water: Municipal water

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

42d

Ottawa listings, avg age

63d

Price / ft²

$568

List price

$2.00M

Haho

This 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· $568/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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