$1,468,800
Available - For Sale
Listing ID: X12310028
81 Marlborough Aven , Lower Town - Sandy Hill, K1N 8E8, Ottawa
| Amazing Purpose-Built TRIPLEX - Located on a quiet residential street in Sandy Hill, Ottawas most vibrant and historic downtown communities. Combining classic charm with modern functionality, this property features THREE UNITS - each equipped with its own kitchen, in-unit laundry, full bathroom(s), and living space - making it an ideal opportunity for investors or homeowners looking to offset their mortgage with rental income. The building offers a total of 11 bedrooms and 4 full bathrooms across the three units, each assigned a separate civic address: 81, 81B, and 83 Marlborough Avenue. The main level unit, 81 Marlborough, includes 5 Bedrooms, 2 Full Baths, a kitchen, and a bright living room, currently rented at $3,680 per month. The upper-level unit, 83 Marlborough, provides 3 Bedrooms, 1 Full Bath, a functional kitchen, and living area, generating $2,310 per month. The lower unit, 81B Marlborough, was fully renovated with city permits and offers a stylish, open-concept layout with 3 bedrooms, 1 Full Bathroom, a modern kitchen, and a living space, also rented at $2,310 per month. With R4UA zoning, this property provides significant flexibility and future development potential. Updates including a new combi-boiler for heating and hot water in 2019, new roof in 2021, and new windows was installed in the main and upper units in 2022. Two on-site parking spaces further enhance its income potential. Fully tenanted and generating strong annual gross revenue of $102,480, with annual operating expenses (property taxes, insurance, and snow removal) $16,014, the property reported a 2024 net income of $86,466. Utilities are separately paid by the tenants. Separate Hydro-Meters for each unit. Most units are available fully furnished, providing flexibility for both short-term and long-term rental strategies. Whether you're looking for a turnkey investment or a live-in opportunity with steady rental income, this triplex offers exceptional value in a prime downtown location. |
| Price | $1,468,800 |
| Taxes: | $10167.00 |
| Occupancy: | Tenant |
| Address: | 81 Marlborough Aven , Lower Town - Sandy Hill, K1N 8E8, Ottawa |
| Directions/Cross Streets: | Osgoode and Marlborough |
| Rooms: | 11 |
| Bedrooms: | 11 |
| Bedrooms +: | 0 |
| Family Room: | T |
| Basement: | Apartment, Full |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 3 | Ground |
| Washroom Type 2 | 3 | Second |
| Washroom Type 3 | 3 | Lower |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 | |
| Washroom Type 6 | 3 | Ground |
| Washroom Type 7 | 3 | Second |
| Washroom Type 8 | 3 | Lower |
| Washroom Type 9 | 0 | |
| Washroom Type 10 | 0 | |
| Washroom Type 11 | 3 | Ground |
| Washroom Type 12 | 3 | Second |
| Washroom Type 13 | 3 | Lower |
| Washroom Type 14 | 0 | |
| Washroom Type 15 | 0 |
| Total Area: | 0.00 |
| Property Type: | Triplex |
| Style: | 2-Storey |
| Exterior: | Brick |
| Garage Type: | None |
| (Parking/)Drive: | Available |
| Drive Parking Spaces: | 2 |
| Park #1 | |
| Parking Type: | Available |
| Park #2 | |
| Parking Type: | Available |
| Pool: | None |
| Approximatly Square Footage: | 3000-3500 |
| CAC Included: | N |
| Water Included: | N |
| Cabel TV Included: | N |
| Common Elements Included: | N |
| Heat Included: | N |
| Parking Included: | N |
| Condo Tax Included: | N |
| Building Insurance Included: | N |
| Fireplace/Stove: | Y |
| Heat Type: | Forced Air |
| Central Air Conditioning: | Wall Unit(s |
| Central Vac: | N |
| Laundry Level: | Syste |
| Ensuite Laundry: | F |
| Sewers: | Sewer |
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| HOME RUN REALTY INC. |
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At a Glance:
| Type: | Freehold - Triplex |
| Area: | Ottawa |
| Municipality: | Lower Town - Sandy Hill |
| Neighbourhood: | 4004 - Sandy Hill |
| Style: | 2-Storey |
| Tax: | $10,167 |
| Beds: | 11 |
| Baths: | 4 |
| Fireplace: | Y |
| Pool: | None |
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