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$ 2,195,000
Est. payment /mo
New
59 Concord ST N Glebe - Ottawa East And Area, ON K1S 0Y5
16 Beds
8 Baths
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 3500-5000
Subdivision 4408 - Ottawa East
MLS Listing ID X13039300
Style 3-Storey
Bedrooms 16
Annual Tax Amount $15,509
Tax Year 2025
Property Sub-Type Fourplex
Property Description
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 4.8% 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.
Location
Province ON
County Ottawa
Area Ottawa
Rooms
Family Room No
Basement Apartment
Kitchen 4
Separate Den/Office 4
Interior
Interior Features Water Heater
Cooling Central Air
Fireplace No
Heat Source Gas
Exterior
Pool None
Roof Type Asphalt Shingle
Lot Frontage 33.0
Lot Depth 99.0
Building
Foundation Poured Concrete
Others
ParcelsYN No
Listed by EXP REALTY
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