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$940,000
Ottawa
50 Aylmer Avenue, Ottawa, Ontario, K1S2X1
This multi-family property in Ottawa is for sale offering roughly 2,250 sq ft of space. It has been on the market 27 days, fresher than the Ottawa average of 63 days.
Situated in the heart of sought-after Old Ottawa South, this classic 3-storey brick triplex offers an exceptional investment opportunity with 3 self-contained residential units and strong income potential. Ideally located within walking distance to shops, restaurants, parks, public transit, and Carleton University, this well-maintained property combines character, functionality, and convenience in one of Ottawa's most desirable neighbourhoods. The main floor apartment features 2 bedrooms and 1 bathroom and is currently rented for $1,750/month + hydro. This unit offers updated flooring and kitchen, inside and rear access, as well as in-unit laundry with washer and dryer. The second floor apartment spans the second and third levels and is currently rented for $2,350/month + hydro. Offering 3 bedrooms, this spacious unit features a large living room with balcony access, updated 4-piece bathroom, laminate flooring, and a functional kitchen with in-unit laundry. The basement apartment offers excellent additional income potential with a projected market rent of approximately $1,500/month + hydro. This self-contained 1-bedroom unit includes an updated bathroom, renovated kitchen with eating area, living room, and in-unit laundry. A rare opportunity to own a versatile multi-unit property in a prime urban location with easy access to downtown, Lansdowne, Rideau Canal pathways, and everyday amenities. Some photos virtually staged. 24 hours notice, 24 hours irrevocable. (id:66096)
Features and services as supplied by the listing brokerage.
Extended: 27 days on market, against an average age of 63 days across the listings currently for sale in this city
This 6-bed multi-family in Ottawa has been listed for 27 days, which is 36 days fresher than the city average of 63. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $940,000, about 8.9× the local median household income of $106,000.
Carrying it typically needs a household income of about $183,615 (20% down, 25-yr amortization, stress-tested) — roughly 73% above the area median.
Source: Statistics Canada, 2021 Census (FSA K1S)
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Loading rates, 30-yr amortization
Cash Needed to Close
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