Well-maintained triplex on an oversized lot with over 84 ft of frontage, offering a rare opportunity to blend immediate cash flow, owner-occupancy potential, and long-term redevelopment upside. The property generates $47,568 annually with a net operating income of $31,582, featuring a spacious upper-level 3-bedroom unit ideal for an owner-occupant, complemented by two lower-level studio apartments to help offset carrying costs. Unit 1 and Unit 2 are currently on month-to-month leases, while Unit 3 is leased until July 31, 2026. This property has been meticulously maintained by long-term ownership, with clear pride of care throughout and very little deferred maintenance, allowing a new owner to step in and operate with confidence and minimal immediate capital requirements. Major capital improvements include a new roof (2014), driveway expansion and repaving, landscaping and regrading, masonry repairs, and a PVC privacy fence. For investors, this is a balanced asset with solid in-place income and clear upside. For end users, it presents a unique opportunity to live in a larger unit while generating meaningful rental income. The 84 ft frontage further enhances the property with strong future potential for redevelopment, severance, or expansion, making this a versatile acquisition in a market where opportunities like this are increasingly rare.
Property Type:
Residential Freehold
Property Sub Type:
Triplex
Home Style:
Bungalow-Raised
Total Approx Floor Area:
700-1100
Lot Depth:
61'5"18.7 m
Lot Frontage:
84'11"25.9 m
Direction Faces:
East
Bedrooms:
3+2
Bathrooms:
3.0
Water supply:
Municipal
Kitchens:
3
Kitchens in Basement:
2
Bedrooms Above Grade:
3
Bedrooms Below Grade:
2
Kitchens Above Grade:
1
Rooms Above Grade:
7
Rooms Below Grade:
6
Heating type:
Radiant
Heating Fuel:
Gas
Foundation:
Concrete
Roof:
Asphalt Shingle
Basement:
Apartment, Finished
Fireplace/Stove:
No
Garage:
None
Garage Spaces:
0.0
Other Structures:
Shed
Parking Features:
Private Double, Tandem
Parking Spaces:
6
Total Parking Spaces:
6.0
Family Room:
No
Possession Details:
TBD
Pool:
None
HST Applicable To Sale Price:
Included In
Assessment Year:
2025
Taxes:
$6,341 /
2025
Assessment:
$- /
2025
Ottawa
Overbrook - Castleheights and Area
3503 - Castle Heights
Carpet Free, In-Law Capability, Separate Hydro Meter
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