124-126 Irving Avenue, Ottawa, Ontario

About 124-126 Irving Avenue

Offered for the first time in nearly 50 years, this impressive three-storey, red-brick six-unit building presents a rare investment opportunity in the heart of Hintonburg. Lovingly maintained and thoughtfully updated, the property combines classic character, and significant improvements to major building systems. Unit features include hardwood floors, high ceilings, fireplaces, generous sized principal rooms, enclosed sunrooms, large west-facing rear patios providing valuable outdoor living space, and absolutely fantastic tenants. Extensive updates over the years include a complete electrical upgrade (2014-2022), all modern plumbing including stacks (mostly 2022), windows (mostly 2019+), architectural style roofing (2017-2019) and heating systems (2022), offering an excellent foundation for continued ownership. Ideally positioned just steps from Hintonburg's shops, restaurants, cafés and transit, the property benefits from an exceptional central location and strong tenant appeal. Gross income of $120,240, and expenses of $26,923, gives 124-126 Irving Avenue a strong CAP rate of 5.24% with room to increase. This is a rare opportunity to acquire a substantial multi-residential property in one of Ottawa's most desirable urban neighbourhoods. 2026 Fire Code Compliance Certificate will be made available to the buyer on or before closing. (id:6289)

More Info on this 4203 - Hintonburg Multi-Family MLS® listing

124-126 Irving Avenue is a multi-family listing for sale in Ottawa. The MLS® number is X13838492. It features 6 bathrooms and covers 5,716 square feet. It's currently listed for $1,779,900. For more details on MLS® X13838492, including price history, disclosures, or to schedule a private showing, fill out the form on this page. This multi-family listing in 4203 - Hintonburg is available now!

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