1 / 34

Investment signal

$1,485,000

42 BRIGHTON AVENUE

Save this home

Beds

—

Baths

—

Sqft

—

Year

—

Type

Multi-family

Suite

Investment signal

Text Hasan Open map Ask a question

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 opportunity to own a turnkey 5-unit income property in sought-after Rideau Gardens, just steps from the scenic Rideau River and Brighton Beach Park. The building offers a unit mix of four 1-bedroom apartments and one spacious 4-bedroom unit, appealing to a wide tenant base. Four of the five units are tastefully renovated, making this a true turnkey investment at a 6% CAP rate! One of the 1-bedroom units can be vacant upon possession, providing flexibility for an owner-occupier or the opportunity to set market rent. Located in a quiet, established neighborhood with easy access to parks, pathways, transit, and amenities, the property also features parking for five vehicles - a rare and valuable bonus in this prime location with spectacular views from large balconies. A strong, income-producing asset in one of Ottawa's most desirable river-adjacent communities. (id:65958)

Subtype: Multi-family
Structure: Multi-Family
Community: 4404 - Old Ottawa South/Rideau Gardens
Living area: 3,500 square feet
Lot dimensions: 40 x 81 FT
On market: Apr 24, 2026
Status changed: Apr 24, 2026
Annual tax: $10,676
Zoning: R2R[1474], Unassigned
Photos: 34
MLS#: X13042546
Area: OTTAWA

Features and systems

Appliances

All

Heating

Hot water radiator heatRadiant heatNatural gas

Cooling

Fully air conditioned

Negative cash flow ~$1,583/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

-6.39%

Cap rate

3.59%

GRM

16.7

Break-even rent

$9,091

Financing

Down payment$297,000

Loan amount$1,188,000

Mortgage$6,019/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$681

Insurance$80

Maintenance$1,238

CapEx reserve$619

Vacancy loss$371

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 $6,019/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.