816 Grenon Avenue, Ottawa, Ontario, K2B6G2




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$1,980,000
Ottawa
This multi-family property in Ottawa is for sale. It has been on the market 0 days, fresher than the Ottawa average of 62 days.
EXCEPTIONAL SIX-UNIT INVESTMENT OPPORTUNITY! Welcome to 816 Grenon Avenue, a well-maintained, income-generating property offering six residential apartments, strong rental income, and extensive recent capital improvements. An excellent opportunity for investors seeking a turnkey multi-unit property with significant upgrades already completed. Brand new roof (2026), all windows replaced (2025), plumbing updated (2024), and electrical updated (2026). Two furnaces, one approximately four years old and the second 2026. Additional upgrades include all-new aluminum and vinyl siding (2026), a new driveway and parking lot for 7 vehicles (2026), and two new central A/C units (2026). The property is also equipped with a self-monitored CCTV security system with DVR recording and video footage & a storage shed. With extensive improvements to major building components, multiple rental income streams, and excellent long-term investment potential, this property is an outstanding addition to any real estate investment portfolio! (id:66096)
Features and services as supplied by the listing brokerage.
Just listed: 0 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 has been listed for 0 days, which is 62 days fresher than the city average of 62. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $1,980,000, about 27.5× the local median household income of $72,000.
Carrying it typically needs a household income of about $386,763 (20% down, 25-yr amortization, stress-tested) — roughly 437% above the area median.
Source: Statistics Canada, 2021 Census (FSA K2B)
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Loading rates, 30-yr amortization
Cash Needed to Close
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