* 7.3% CAP RATE * A rare opportunity in one of Ottawa's most prestigious and established neighbourhoods. This grand, solid brick home sits on a quiet, tree-lined street in the heart of Sandy Hill, surrounded by heritage homes. Properties like this rarely come to market. The numbers are exceptional - certified CASH COW. Verified 2025 financials show gross income of $76,200, operating expenses of $18,115, and a net operating income of $58,085, representing a 7.3% CAP RATE and generating over $1,700 per month in positive CASH FLOW at conventional financing. The property has never had a vacancy since the current owner purchased it. Two self-contained units with separate entrances offer 6 bedrooms, 3 full baths, 2 updated kitchens, and two sets of washers and dryers. Unit 1 (front) spans the main floor bedroom, second floor and attic. Unit 2 (rear) covers the main floor and lower level, with 2 three-piece bathrooms and is being sold fully furnished, offering a true turnkey experience for the next tenant. Updates include: both kitchens and bathrooms (2018), roof and A/C (2018), mud room (2018), furnace (2009), and a fully insulated four-season sunroom with new windows (2020). The large, low-maintenance backyard features a massive shed (2019), rare for this area. Steps to the University of Ottawa, 5-minute walk to Loblaws, close to the Rideau River, Strathcona Park, and transit. Tenant demand here is relentless. Whether an investor seeking proven cash flow, a multi-generational family, or a buyer looking to convert back to a stunning single-family home in a premier Ottawa address, this property delivers on every front. You simply have to walk through this home to understand the scale, character, and versatility it offers. Book your showing today. Full proforma and inspection available. (id:2493)
Property Type:
Single Family
Common Interest:
Freehold
Property Attached:
No
Living Area (Min):
2,000 sq. ft.186 m2
Living Area (Max):
2,500 sq. ft.232 m2
Zoning:
Residential
Taxes:
$7,839 /
-
Community:
4003 - Sandy Hill
Exterior Features:
Brick
Community Features:
School Bus
Structure Type:
House
Utilities:
Electricity
Appliances Included:
Refrigerator, Dishwasher, Dryer, Microwave, Two stoves, Two Washers
Data was last updated June 11, 2026 at 06:15 PM (UTC)
Area Statistics
Listings on market:
75
Avg list price:
$399,900
Min list price:
$265,000
Max list price:
$1,988,000
Avg days on market:
64
Min days on market:
3
Max days on market:
413
These statistics are generated based on the current listing's property type
and located in
4003 - Sandy Hill. Average values are
derived using median calculations. This data is not produced by
the MLS® system.
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