$2,350,000
Available - For Sale
Listing ID: X12782236
59 Concord Street North , Glebe - Ottawa East and Area, K1S 0Y5, Ottawa
| Welcome to 59 Concord Street - a rare opportunity to acquire a purpose-built fourplex in the heart of Sandy Hill, steps to the University of Ottawa and the Rideau Canal. Built in 2016, this Class A, fully stabilized asset sits in one of Ottawa's strongest and most consistent rental corridors.The property consists of four identical 4-bedroom, 2-bathroom units, purpose-designed to maximize rental income and tenant demand. Each suite features dark hardwood flooring, durable tile and vinyl surfaces, and open-concept layouts filled with natural light. Contemporary kitchens showcase two-toned cabinetry, granite countertops, stainless steel appliances, and oversized center islands with breakfast bars overlooking spacious living and dining areas.Every unit is equipped with in-suite laundry, independent HVAC systems (furnace and A/C), tankless hot water tanks, video intercom entry, fob access, and enhanced soundproofing between units - a premium feature that reduces turnover and increases tenant satisfaction. The building also offers secure keypad entry and 24/7 video surveillance, reinforcing safety and long-term tenant appeal.Four identical units. Units come fully furnished. Offered all inclusive, water, gas, hydro. Fully tenanted. The turnkey nature of this asset ensures minimal operational complexity and strong tenant retention.Located within walking distance to the ByWard Market, Parliament Hill, and major transit routes, this is a high-demand micro-location with consistent rental performance driven by proximity to the University of Ottawa and downtown employment hubs.Strong financial profile with an NOI of $105,500.30 at a 4.5% cap rate. A clean, modern, income-producing asset built right, positioned right, and engineered for long-term performance - an exceptional addition to any serious investor's portfolio. |
| Price | $2,350,000 |
| Taxes: | $15509.00 |
| Assessment Year: | 2025 |
| Occupancy: | Tenant |
| Address: | 59 Concord Street North , Glebe - Ottawa East and Area, K1S 0Y5, Ottawa |
| Directions/Cross Streets: | Concord and Montcalm |
| Rooms: | 6 |
| Rooms +: | 2 |
| Bedrooms: | 12 |
| Bedrooms +: | 4 |
| Family Room: | F |
| Basement: | Full, Finished |
| Level/Floor | Room | Length(ft) | Width(ft) | Descriptions | |
| Room 1 | Main | Kitchen | 11.97 | 9.97 | |
| Room 2 | Main | Living Ro | 7.97 | 9.97 | |
| Room 3 | Main | Bedroom | 11.97 | 9.97 | |
| Room 4 | Main | Bedroom 2 | 11.97 | 9.97 | |
| Room 5 | Main | Bedroom 3 | 11.97 | 9.97 | |
| Room 6 | Main | Bedroom 4 | 11.97 | 9.97 |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 3 | Main |
| Washroom Type 2 | 3 | Second |
| Washroom Type 3 | 3 | Third |
| Washroom Type 4 | 3 | Lower |
| Washroom Type 5 | 0 | |
| Washroom Type 6 | 3 | Main |
| Washroom Type 7 | 3 | Second |
| Washroom Type 8 | 3 | Third |
| Washroom Type 9 | 3 | Lower |
| Washroom Type 10 | 0 | |
| Washroom Type 11 | 3 | Main |
| Washroom Type 12 | 3 | Second |
| Washroom Type 13 | 3 | Third |
| Washroom Type 14 | 3 | Lower |
| Washroom Type 15 | 0 |
| Total Area: | 0.00 |
| Approximatly Age: | 6-15 |
| Property Type: | Fourplex |
| Style: | 3-Storey |
| Exterior: | Brick, Metal/Steel Sidi |
| Garage Type: | None |
| Drive Parking Spaces: | 0 |
| Pool: | None |
| Approximatly Age: | 6-15 |
| Approximatly Square Footage: | 3500-5000 |
| Property Features: | Public Trans |
| 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: | N |
| Heat Type: | Forced Air |
| Central Air Conditioning: | Central Air |
| Central Vac: | N |
| Laundry Level: | Syste |
| Ensuite Laundry: | F |
| Sewers: | Sewer |
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| Although the information displayed is believed to be accurate, no warranties or representations are made of any kind. |
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Dir:
416-548-7854
Bus:
416-548-7854
Fax:
416-981-7184
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At a Glance:
| Type: | Freehold - Fourplex |
| Area: | Ottawa |
| Municipality: | Glebe - Ottawa East and Area |
| Neighbourhood: | 4408 - Ottawa East |
| Style: | 3-Storey |
| Approximate Age: | 6-15 |
| Tax: | $15,509 |
| Beds: | 12+4 |
| Baths: | 8 |
| Fireplace: | N |
| Pool: | None |
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