Description: Turn-key 6-unit multifamily in west-central Ottawa - a well-kept, purpose-built brick low-rise with durable cash flow and upside. Mix of four 2-bed/1-bath suites and two 1-bed/1-bath, many renovated with updated finishes.Approx. $128,040 gross income and projected NOI near $100,700 - a 5.05% cap rate at $1,995,000. Includes 3 garages, 9 surface spaces, 6 interior lockers, and coin operated laundry. Recent capital work: pavement (2024), front door (2023), foundation sealing (2018), windows (2018), boiler and roof (2015). Professionally managed by Easy Street Services. Steps from Westboro, Hintonburg and Wellington West, with quick access to the Civic Hospital, downtown, Carleton University, Algonquin College and the rest of Ottawa through the nearby highway 417. Potential upside through turnover, suite upgrades, and storage income; CM1 zoning may support future development (buyer to verify). Offered as-is; figures to be verified. Limitations to showings: 9:30 am to 2 pm Tuesday and Thursday, 9 am to 3 pm Monday, Wednesday, Friday, Saturday, Sunday. Some photos virtually staged.
Address
824 Kirkwood Avenue
List Price
$1,995,000
MLS® Status
New
Property Type
Residential Freehold
Type of Dwelling
Multiplex
Style of Home
3-Storey
Transaction Type
Sale
Area
Carlington - Central Park
Sub-Area
5301 - Carlington
Region
Ottawa
Bedrooms
8 + 2
Bedrooms (Total)
10
Rooms Above Grade
20
Rooms Below Grade
10
Bathrooms
6
Floor Area
3500-5000 Sq. Ft.
Lot Size Source
MPAC
Lot Depth
109
Lot Shape
Irregular
Lot Size Units
Feet
Lot Width
83
Parcel Number
040030087
Occupant Type
Tenant
Cross Street
Carling / Kirkwood
MLS® Number
X13483634
Listing Brokerage
GRAPE VINE REALTY INC.
Basement Area
Full
Postal Code
K1Z 5Y2
Posession Details
TBA
Parking Places (Total)
12
Parking Spaces
9
Tax Amount
$11,281.15
Tax Year
2026
Interior Features
Other
Central Vacuum
No
Family Room
No
Ensuite Laundry
No
Special Designation
Unknown
Standard Status
Active
Board Or Association
Ottawa Real Estate Board
Heat Source
Gas
Heat Type
Water
Cooling Features
Other
Construction Materials
Brick
Direction Faces
West
Fireplace
No
Foundation Details
Concrete
Garage
Yes
Garage Type
Detached
Covered Spaces
3
Kitchens Total
6
Kitchens Above Grade
4
Kitchens Below Grade
2
Pool Features
None
Roof
Other
Tax Legal Description
PT LTS 22, 23 & 24, PL 268 , PARTS 1, 2, 3 & 4, 4R10947, S/T & T/W CR375321 ; S/T THE INTEREST IN CR306779 ; OTTAWA/NEPEAN
Waterfront
No
Sewer
Sewer