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Investment signal

$1,320,000

121 OSGOODE STREET

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Beds

Baths

Sqft

—

Year

—

Type

Multi-family

Suite

Investment signal

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Location nearby

Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Ottawa. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.

About this home

Exceptional turnkey investment opportunity in the heart of Sandy Hill, just one block from the University of Ottawa. This legal triplex with a secondary dwelling unit comprises four highly desirable, income-producing apartments, perfectly positioned for consistent student rental demand. Each thoughtfully updated suite features two bedrooms, one bathroom, hardwood flooring, and impressive high ceilings, creating bright and inviting living spaces. Recent capital improvements include a new roof (2016), furnace (2019), tankless hot water system (2011), rebuilt front porch (2025), and a newly renovated kitchen in Apartment 4 (2025). Current monthly rents are as follows: Apartment 1 - $1,734; Apartment 2 - $1,850; Apartment 3 - $1,834; Apartment 4 - $1,750. The property is equipped with five hydro meters, allowing for efficient utility management. Additional income is generated through parking ($4,080 annually) and coin-operated laundry ($1,000 annually), resulting in a strong net operating income of $69,600, with considerable upside potential through future rent increases. Notably, Apartments 2 and 3 will become vacant on April 30, 2026, providing the incoming owner with an opportunity to set market rents. A fire retrofit certificate is on file. A rare offering and a true cornerstone asset for any investment portfolio. (id:65958)

Subtype: Multi-family
Structure: Triplex
Community: 4004 - Sandy Hill
Lot dimensions: 27 x 52.5 FT
Bedrooms: 6 above grade, 2 below grade
Parking: 2 total
Stories: 3
On market: Jan 21, 2026
Status changed: Apr 24, 2026
Annual tax: $9,127 (2025)
Zoning: R5C
Photos: 48
MLS#: X12718764
Area: OTTAWA

Features and systems

Parking

No Garage

Basement

Apartment in basementN/A

Appliances

WasherRefrigeratorWater meterDishwasherStoveDryer

Heating

Forced airNatural gas

Cooling

None

Exterior

WoodBrick

Foundation

Stone

Lot

Flat site

Utilities

SewerElectricity

Negative cash flow ~$1,416/mo at these assumptions

Monthly rent (CAD)Adjust to your local market estimateDown payment (%)Investment props typically 20-25%Mortgage rate (% annual)Default 4.5% — adjust to your rate holdAmortization (years)

Cash on cash

-6.43%

Cap rate

3.58%

GRM

16.7

Break-even rent

$8,090

Financing

Down payment$264,000

Loan amount$1,056,000

Mortgage$5,351/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$605

Insurance$80

Maintenance$1,100

CapEx reserve$550

Vacancy loss$330

Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.

Mortgage estimate

Estimated $5,351/mo at 4.5% with 20% down, 30-yr amortization.Estimate only — actual payment varies by qualification + insurance.

Listing brokerage

Listing brokerage on file

Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 24, 2026.