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Fantastic investment opportunity! Well-positioned 6-UNIT building in a rapidly growing area, offering both steady income and future upside. Four units are currently occupied, two at market rents (renovated) and two with long-term tenants paying below-market rents, leaving room for increased returns. Two fully renovated units with modern finishes are vacant, allowing the new owner to set rents and select tenants. Additional income from coin-operated laundry and rentable on-site parking enhances cash flow. The property sits in a prime redevelopment area where older homes are being replaced with multi-unit projects, driving demand and property values. With a generous lot size and R4UC zoning, there is exciting potential for future development. This is a rare chance to acquire a stabilized asset with strong current income and significant appreciation potential ideal for investors seeking both stability and growth. Come see it today!
6 Refrigerators & 6 Stoves
City: Ottawa
Neighborhood: Overbrook/Castle Heights
Purchase Price | $1799900 |
Down Payment | $359980 |
Mortgage Insurance | $0 |
Total Mortgage | $1439920 |
Mortgage Payment | $8873 |
Property Taxes | $781 |
Maintenance Fees | $0 |
Monthly Payment | $9654 |
Located at 484 Queen Mary St , this Ottawa house is available for sale. This property was listed for $1,799,900 on Fri Sep 05 2025. This house's size is 3500-5000 Sqft. It has 11 bedrooms and 5 bathrooms. The property includes the following rooms: , , , , , , , , , , , . This property comes with 6 parking spots. 484 Queen Mary St, Ottawa is situated in the Overbrook/Castle Heights neighbourhood.
MLS#: X12383772 · $1,799,900 · 11 bedroom house in Overbrook/Castle Heights, Ottawa