$3,200,000
Available - For Sale
Listing ID: X12178911
6610 FOURTH LINE Road , Manotick - Kars - Rideau Twp and Area, K0A 2T0, Ottawa
| This is a rare investment opportunity featuring eight spacious and beautifully updated residential rental units, including a large single-family home attached to the main building. Situated on a massive lot with ample parking, this property offers exceptional cash flow with low operating costs thanks to no water bills (on well water), low property taxes, a brand new commercial-grade septic system, and separately metered, upgraded electrical throughout. Heating is fully electric and efficiently serviced by brand new heat pumps, with a backup gas furnace available for added security. Seven of the eight units have been renovated three in approximately 2021 and four in 2025 featuring bright, modern, and spacious interiors. The large main home offers tremendous upside with the potential to increase rents following tenant turnover. Located on one of the most desirable streets in the area, this property has incredible future development potential. With several long-term tenants in place, theres significant room for rent growth making this a prime candidate for a high-value refinance as leases turn over.The upside is real and its not priced in! |
| Price | $3,200,000 |
| Taxes: | $13982.00 |
| Tax Type: | Annual |
| Occupancy: | Tenant |
| Address: | 6610 FOURTH LINE Road , Manotick - Kars - Rideau Twp and Area, K0A 2T0, Ottawa |
| Postal Code: | K0A 2T0 |
| Province/State: | Ottawa |
| Legal Description: | PT LT 90 PL 628 N GOWER; PT LT 91 PL 628 |
| Lot Size: | 50.79 x 122.17 (Feet) |
| Directions/Cross Streets: | 417W to 416S exit towards 401, take exit 49 for Ottawa regional road, turn right on Roger Stevens Dr |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 0 | |
| Washroom Type 2 | 0 | |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 | |
| Washroom Type 6 | 0 | |
| Washroom Type 7 | 0 | |
| Washroom Type 8 | 0 | |
| Washroom Type 9 | 0 | |
| Washroom Type 10 | 0 |
| Category: | Apartment |
| Use: | Apts - 6 To 12 Units |
| Building Percentage: | T |
| Total Area: | 0.49 |
| Total Area Code: | Acres |
| Financial Statement: | F |
| Franchise: | F |
| Management Expense: | 0 |
| Water Expense: | $0 |
| Expenses Actual/Estimated: | $Est |
| Sprinklers: | No |
| Washrooms: | 0 |
| Heat Type: | Gas Forced Air Open |
| Central Air Conditioning: | Yes |
| Water: | Drilled W |
| Water Supply Types: | Drilled Well |
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At a Glance:
| Type: | Com - Investment |
| Area: | Ottawa |
| Municipality: | Manotick - Kars - Rideau Twp and Area |
| Neighbourhood: | 8009 - North Gower |
| Lot Size: | 50.79 x 122.17(Feet) |
| Tax: | $13,982 |
| Fireplace: | N |
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