118 Marier Avenue Ottawa, Ontario K1L 5S1
$1,379,000
Great investment opportunity in the heart of Vanier! This 6-unit building features five 2-bedroom units and one bachelor, offering a strong mix of existing income and future upside. Two units are currently vacant, giving a new owner the opportunity to bring them to current market rents, while two additional units are currently rented below market, creating further upside as tenants move out and rents can be increased. The basement also offers potential for an additional unit. The property sits on a double lot, giving investors and developers the opportunity to explore future redevelopment or intensification while continuing to generate rental income in the meantime. Located close to Montréal Road, Beechwood Avenue, grocery stores, restaurants, shopping and public transit, with easy access to downtown Ottawa, St. Laurent Shopping Centre and Train Yards. A great opportunity for investors looking for a solid multifamily property with multiple ways to increase income and long-term value. See attached pro forma for additional financial details. (id:37072)
Property Details
| MLS® Number | X13869952 |
| Property Type | Multi-family |
| Neigbourhood | Vanier |
| Community Name | 3402 - Vanier |
| ParkingSpaceTotal | 5 |
Building
| BathroomTotal | 6 |
| Appliances | Dryer, Washer |
| CoolingType | None |
| HeatingType | Other |
| SizeExterior | 3590 Sqft |
| SizeInterior | 3590 Sqft |
| Type | Multi-family |
| UtilityWater | Municipal Water |
Land
| Acreage | No |
| SizeDepth | 89 Ft ,10 In |
| SizeFrontage | 65 Ft ,11 In |
| SizeIrregular | Bldg=65.92 X 89.89 Ft |
| SizeTotalText | Bldg=65.92 X 89.89 Ft |
| ZoningDescription | R4e |
https://www.realtor.ca/real-estate/30373442/118-marier-avenue-ottawa-3402-vanier
Interested?
Contact us for more information
Omar Hashem
Broker of Record
58 Hampton Ave
Ottawa, Ontario K1Y 0N2
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October 07 2026 02:23:44
Ottawa Real Estate Board
Lotful Realty