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.
Address
124-126 Irving Avenue
List Price
$1,779,900
MLS® Status
New
Property Type
Commercial
Type of Dwelling
Investment
Transaction Type
Sale
Area
West Centre Town
Sub-Area
4203 - Hintonburg
Region
Ottawa
Bathrooms
6
Lot Size Source
MPAC
Lot Depth
114.36
Lot Type
Building
Lot Size Units
Feet
Lot Width
50
Parcel Number
040990077
Total Building Area
5716
Occupant Type
Tenant
Cross Street
Irving and Gladstone
MLS® Number
X13838492
Listing Brokerage
RE/MAX HALLMARK REALTY GROUP
Postal Code
K1Y 1Z4
Posession Details
TBD
Parking Spaces
5
Tax Amount
$12,779.00
Tax Year
2026
Standard Status
Active
Board Or Association
Ottawa Real Estate Board
Heat Type
Radiant
Cooling Features
No
Garage Type
None
Tax Legal Description
LT 20, BLK 1, PL 111 , W/S IRVING AVENUE ; OTTAWA/NEPEAN
Security Features
Yes
Waterfront
No