484 Queen Mary Street Ottawa, Ontario K1K 1W2
$1,799,900
Fantastic investment opportunity! Well-positioned 6-UNIT building in a rapidly growing area, offering both steady income and future upside. Four units are currently occupied, two at market rents (renovated) and two with long-term tenants paying below-market rents, leaving room for increased returns. Two fully renovated units with modern finishes are vacant, allowing the new owner to set rents and select tenants. Additional income from coin-operated laundry and rentable on-site parking enhances cash flow. The property sits in a prime redevelopment area where older homes are being replaced with multi-unit projects, driving demand and property values. With a generous lot size and R4UC zoning, there is exciting potential for future development. This is a rare chance to acquire a stabilized asset with strong current income and significant appreciation potential ideal for investors seeking both stability and growth. Come see it today! (id:37072)
Property Details
| MLS® Number | X12383772 |
| Property Type | Multi-family |
| Neigbourhood | Rideau-Rockcliffe |
| Community Name | 3502 - Overbrook/Castle Heights |
| AmenitiesNearBy | Public Transit, Hospital |
| EquipmentType | Water Heater |
| ParkingSpaceTotal | 6 |
| RentalEquipmentType | Water Heater |
Building
| BathroomTotal | 5 |
| BedroomsAboveGround | 11 |
| BedroomsTotal | 11 |
| Appliances | Stove, Refrigerator |
| BasementFeatures | Apartment In Basement |
| BasementType | N/a |
| ExteriorFinish | Brick, Vinyl Siding |
| FoundationType | Poured Concrete |
| HeatingFuel | Electric |
| HeatingType | Baseboard Heaters |
| StoriesTotal | 2 |
| SizeInterior | 3500 - 5000 Sqft |
| Type | Other |
| UtilityWater | Municipal Water |
Parking
| No Garage |
Land
| Acreage | No |
| LandAmenities | Public Transit, Hospital |
| Sewer | Sanitary Sewer |
| SizeDepth | 92 Ft |
| SizeFrontage | 72 Ft |
| SizeIrregular | 72 X 92 Ft |
| SizeTotalText | 72 X 92 Ft |
Interested?
Contact us for more information
Omar Hashem
Broker of Record
58 Hampton Ave
Ottawa, Ontario K1Y 0N2
Rabieh Nassrallah
Salesperson
58 Hampton Ave
Ottawa, Ontario K1Y 0N2
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies CREA's Data Distribution Facility (DDF®)
September 05 2025 03:55:22
Ottawa Real Estate Board
Lotful Realty