DEVELOPMENT OPPORTUNITY! Ideally located less than 9 minutes from downtown Ottawa, this triplex currently offers 3 units, each with 2 bedrooms and 1 bathroom, as well as a detached garage. Potential gross revenue of $59,040/year. According to information obtained from the municipal planning department, a 4- to 5-storey multifamily project could be contemplated, subject to the required municipal approvals. The potential concept could allow for multiple residential units, subject to applicable studies, approvals and municipal parameters. Close to Casino du Lac Leamy, Lac Leamy Park, schools and numerous amenities!
+ Property currently operated as a triplex + 3 units, each offering 2 bedrooms and 1 bathroom + Potential gross rental revenue: $59,040/year + Unit A: currently rented at $1,620/month + Unit C: currently rented at $1,700/month + Unit B: vacant as of this month, with rental potential of $1,600/month + Detached garage + Potential for a 4- to 5-storey multifamily development, subject to required municipal approvals + Potential concept of multiple residential units, depending on the proposed project and subject to municipal approval + Municipal planning response indicates that a 4- to 5-storey project could be contemplated subject to a PPCMOI + Any future development remains subject to all applicable studies, authorizations, approvals and municipal requirements + Located less than 9 minutes from downtown Ottawa + Close to Casino du Lac-Leamy + Close to Lac-Leamy Park Near elementary and high schools + Close to numerous services, shops and amenities
IMPORTANT: Development potential is provided for information purposes only and does not constitute authorization to construct. Buyers are advised to conduct their own due diligence with the appropriate municipal authorities regarding the feasibility, density, number of units, permitted height and all required approvals for any proposed development.
Building details and property interior
Dimensions
26' 8" X 35' 7"
Year constructed
1953
Living area
170.60 m²
Windows
PVC
Window Type
Sliding, Guillotine
Siding
Vinyl
Roofing
Asphalt shingles
Garage
Single width, Detached
Basement
Finished basement, 6 feet and more
Lot and exterior features
Lot area
607 m²
Topography
Flat
Driveway
Asphalt
Parking (total)
Garage (1), Driveway (3)
Proximity
Golf, Hospital, Park, Bicycle path, Elementary school, High school, Public transportation, CEGEP, Highway, Daycare centre
Characteristics
Heating System
Electric baseboard units
Heating Energy
Electricity
Water Supply
Municipality
Sewage System
Municipality
Financial details
Municipal assessment (2026)
Lot assessment
$ 218,500
Building assessment
$ 351,300
Total
$ 569,800
Taxes
Municipal
(2026)
$ 4,723
School
(2026)
$ 745
Total
$ 5,468
Gross annual revenues (potential)
Residential
$ 59,040
Total
$ 59,040
Inclusions and exclusions
Inclusions
Fridge x3, stove x3, washers and dryers from basement and main floor.
Exclusions
Hot water tank rented (x1).
Mortgage payment calculator
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This document is not an offer or a promise that may bind the seller, but is an invitation to submit such offers or promises.