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$995,000
Ottawa
6607-6613 Fourth Line Road, Ottawa, Ontario, K0A2T0
This multi-family property in Ottawa is for sale.
Exceptional investment opportunity in the heart of North Gower, offering immediate income and outstanding future development potential. Positioned prominently at the intersection of Roger Stevens Drive and Fourth Line Road, this unique land assembly includes two fully tenanted triplex buildings along with a commercially zoned parking lot situated between them. The parking area accommodates approximately 10-12 vehicles and features a versatile outbuilding currently utilized for storage. With Village Mixed Use (VM) zoning, this property presents remarkable flexibility for a wide range of commercial, residential, or mixed-use possibilities. Whether you're seeking a strong income-generating asset, a strategic land holding, or a site with exciting redevelopment prospects, this offering delivers exceptional value and long-term upside in a growing community. *Lot size is based on all three properties. (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 160 days on market, against an average age of 62 days across the listings currently for sale in this city
This 10-bed multi-family in Ottawa is available now. Want me to connect you with the agent or keep you posted on any price updates?
Approximate location — exact address confirmed upon showing
This home lists at $995,000, about 8.7× the local median household income of $115,000.
Carrying it typically needs a household income of about $194,358 (20% down, 25-yr amortization, stress-tested) — roughly 69% above the area median.
Source: Statistics Canada, 2021 Census (FSA K0A)
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Loading rates, 30-yr amortization
Cash Needed to Close
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