An exceptional investment opportunity in the highly desirable Lower Town/Sandy Hill area! This well-maintained FOURPLEX on EXTRA LARGE LOT (44ft X 119ft) offers four generously sized 2-bedroom, 1-bathroom units, making it an excellent income-generating property with significant upside potential. Beyond its prime location, this property boasts a large lot, offering future development UP TO 16 UNITS or expansion possibilities - an added advantage for investors looking to maximize value. Recent updates, including fire retrofit compliance, modernized electrical services, new furnaces, updated kitchens and bathrooms, and in-unit enhancements, contribute to the property's long-term sustainability and rental appeal. With a proven history of steady cash flow, increasing property values in the area, and the potential for further enhancements, this is a rare opportunity to secure a multi-unit property in one of Ottawas most dynamic and evolving neighbourhoods. Ideally positioned just steps from the vibrant ByWard Market, Ottawa University, major transit routes, shopping, dining, and essential amenities, this property attracts a strong and consistent tenant base, including students, young professionals, and urban dwellers seeking convenience and accessibility. Whether you're looking to expand your real estate portfolio or capitalize on the growing demand for rental housing, this property checks all the boxes. (id:19004)
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