6610 Fourth Line Rd Fourth Line Road Ottawa, Ontario K0A 2T0
$2,990,000
Institutional-quality, cash-flow-positive investment offering long-term stability with embedded upside. This mostly renovated multi-unit asset has been thoughtfully upgraded to support predictable income, low operating risk, and strong tenant retention. Five units have been renovated within the past two years, two additional units within the past five years, while the attached three-bedroom residence remains largely unrenovated, presenting a clear and controllable value-add opportunity through modernization and rent repositioning.The property is engineered to run lean. A commercial-grade septic system and new septic bed, completed within the last two years, paired with upgraded electrical infrastructure and full separate metering, ensures operating efficiency while pushing utility costs directly to tenants. A new private well eliminates water expenses entirely, and the absence of municipal services results in consistently low property taxes, materially strengthening net operating income and long-term yield.Operational stability is further enhanced by a long-term tenant occupying the attached residence who also serves as an on-site caretaker. In exchange for below-market rent, this tenant provides snow removal, lawn care, routine maintenance, and minor repairs - services not reflected in operating expenses - effectively stabilizing cash flow and reducing management exposure without increasing overhead. Four units are wheelchair accessible, offering a durable competitive advantage in a market with an aging demographic and limited accessible housing supply. These units remain in high demand, support strong tenant quality, and contribute to low vacancy and turnover. The building is well maintained, tenanted by clean, long-term occupants, and requires no immediate capital expenditures. This asset delivers reliable income today with measured upside tomorrow, making it ideal for investors seeking strong in-place cash flow, low expense ratios. (id:43681)
商业信息
| 商业类型 | Residential |
| 商业子类型 | Apartments |
房源概要
| MLS® Number | X12767868 |
| 房源类型 | Multi-family |
| 社区名字 | 8009 - North Gower |
详 情
| 家电类 | 烘干机, 洗衣机 |
| 空调 | 全物业配备空调 |
| 供暖方式 | 电, Natural Gas |
| 供暖类型 | Hot Water, Baseboard Heaters, Forced Air |
| Size Exterior | 4050 Sqft |
| 内部尺寸 | 4050 Sqft |
| 类型 | Multi-family |
土地
| 英亩数 | 无 |
| 土地深度 | 122 Ft ,2 In |
| 土地宽度 | 166 Ft ,7 In |
| 不规则大小 | Bldg=166.64 X 122.17 Ft |
| 规划描述 | Vm7[314r] |
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies CREA's Data Distribution Facility (DDF®)
Toronto Real Estate Board
Exp Realty
March 06 2026 09:41:39
