152 Goulburn Avenue, Lower Town - Sandy Hill, ON K1N 8E2
Lower Town - Sandy Hill, ON, K1N 8E2 · 4004 - Sandy Hill
About this property
Turnkey prime investment opportunity. Purpose-built legal 6 unit multifamily in the heart of Sandy Hill. Very desirable rental market neighbourhood walking distance to Ottawa University. Stately all brick building. GOI $138, 257. Expenses $29,689. NOI $108,568. Currently offering at a 5% cap rate. Well maintained. Provides steady returns. Never a vacancy. Cooperative tenants. 2 one bedroom units, 2 two bedroom units and 2 three bedroom units. Very spacious units with eat-in kitchens and large living rooms. 5 units have a washer and dryer. Also included: 6 fridges, 6 stoves, hood fans and 6 hot water tanks. 5 parking spaces behind the building. Currently only two are rented. Updates include: Repaired foundation masonry/repair foundation spray foam in 2025 ($5200), Replaced boiler venting in 2024 ($3978), New washer/dryer in Unit 5 in 2023($1604), Full patch and paint for Unit 2 in 2022 ($1700), Added attic insulation in 2020 ($2316), Flushed, reamed and installed liner on main plumbing stack to City connection in 2017 ($6600), New front first floor windows 2016, Appliances between 2011-2016, Apt 5 completely renovated in 2015, Front porch/balcony 2012 & 2016, Roof 2011, Copper wiring 2011, Natural gas boiler 2006 and many more minor improvements. Walking distance to UOttawa LRT Station, the Rideau Centre, ByWard Market, Strathcona Park, Rideau River, etc. Financials, 2025 Fire report and rent roll attached. 24 hours notice is required for showings.
Features & Amenities
- Garage: None
- Cooling: No
- Heat Type: Gas Hot Water
Property Details
| Property Type | Commercial |
|---|---|
| Property Sub-Type | Investment |
| Garage | None |
| Parking Spaces | 5 |
| Heat Type | Gas Hot Water |
| Cooling | No |
| Annual Tax | $12,677 |
| Tax Year | 2025 |
Building & Construction
- Building Area Total
- 3520
Heating & Cooling
- Heat Type
- Gas Hot Water
- Cooling
- No
Parking & Garage
- Garage Type
- None
- Parking Spaces
- 5
Lot & Land
- Lot Size Units
- Feet
- Lot Depth
- 100.00
- Lot Width
- 40.33
Community & Neighborhood
- Community Features
- Public Transit
Financial & Tax
- Tax Annual Amount
- $12,677
- Tax Year
- 2025
- Possession Type
- Immediate
- Possession Details
- Immediate
Utilities & Services
- Utilities
- Yes
Additional Details
- Occupant Type
- Tenant
- County Or Parish
- Ottawa
- Cross Street
- Goulburn Avenue & Somerset Street E
- Directions
- Heading North Down Lee Avenue, turn right onto Mann Avenue. Then, turn left onto Goulburn Avenue. The building will be on your left.
- Showing Requirements
- Showing System
Location
152 Goulburn Avenue, Lower Town - Sandy Hill, ON K1N 8E2, Lower Town - Sandy Hill, ON, K1N 8E2