59 Concord Street N Ottawa, Ontario K1S 0Y5

$2,350,000

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 4.5% 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. (id:43934)

Property Details

MLS® Number	X12782236
Property Type	Multi-family
Neigbourhood	Old Ottawa East
Community Name	4408 - Ottawa East
Amenities Near By	Public Transit

Building

Bathroom Total	8
Bedrooms Above Ground	12
Bedrooms Below Ground	4
Bedrooms Total	16
Age	6 To 15 Years
Appliances	Water Heater, Dishwasher, Dryer, Furniture, Hood Fan, Microwave, Stove, Washer, Refrigerator
Basement Development	Finished
Basement Type	Full (finished)
Cooling Type	Central Air Conditioning
Exterior Finish	Brick, Steel
Fire Protection	Security System, Monitored Alarm
Foundation Type	Concrete
Heating Fuel	Natural Gas
Heating Type	Forced Air
Stories Total	3
Size Interior	3,500 - 5,000 Ft2
Type	Fourplex
Utility Water	Municipal Water

Parking

No Garage

Land

Acreage	No
Land Amenities	Public Transit
Sewer	Sanitary Sewer
Size Depth	99 Ft
Size Frontage	33 Ft
Size Irregular	33 X 99 Ft
Size Total Text	33 X 99 Ft
Zoning Description	R4u

Rooms

Level	Type	Length	Width	Dimensions
Main Level	Kitchen	3.65 m	3.04 m	3.65 m x 3.04 m
Main Level	Living Room	2.43 m	3.04 m	2.43 m x 3.04 m
Main Level	Bedroom	3.65 m	3.04 m	3.65 m x 3.04 m
Main Level	Bedroom 2	3.65 m	3.04 m	3.65 m x 3.04 m
Main Level	Bedroom 3	3.65 m	3.04 m	3.65 m x 3.04 m
Main Level	Bedroom 4	3.65 m	3.04 m	3.65 m x 3.04 m

https://www.realtor.ca/real-estate/29353198/59-concord-street-n-ottawa-4408-ottawa-east