16 Bedrooms

8 Bathrooms

3,500 - 5,000 sqft Interior

33 X 99 Ft Lot size

76 days ago Listed

Central Air Conditioning Forced Air

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About this home

Welcome to 59 Concord Street - a rare opportunity to acquire a purpose-built fourplex in the heart of the Glebe, steps to the University of Ottawa and the Rideau Canal. Built in 2016, this Class A, fully stabilized asset sits in one of Ottawa's strongest and most consistent rental corridors. The property consists of four identical 4-bedroom, 2-bathroom units, purpose-designed to maximize rental income and tenant demand. Each suite features dark hardwood flooring, durable tile and vinyl surfaces, and open-concept layouts filled with natural light. Contemporary kitchens showcase two-toned cabinetry, granite countertops, stainless steel appliances, and oversized center islands with breakfast bars overlooking spacious living and dining areas. Every unit is equipped with in-suite laundry, independent HVAC systems (furnace and A/C), tankless hot water tanks, video intercom entry, fob access, and enhanced soundproofing between units - a premium feature that reduces turnover and increases tenant satisfaction. The building also offers secure keypad entry and 24/7 video surveillance, reinforcing safety and long-term tenant appeal. Four identical units. Units come fully furnished. Offered all inclusive, water, gas, hydro. Fully tenanted. The turnkey nature of this asset ensures minimal operational complexity and strong tenant retention. Located within walking distance to the ByWard Market, Parliament Hill, and major transit routes, this is a high-demand micro-location with consistent rental performance driven by proximity to the University of Ottawa and downtown employment hubs. Strong financial profile with an NOI of $105,500.30 at a 4.8% cap rate. A clean, modern, income-producing asset built right, positioned right, and engineered for long-term performance - an exceptional addition to any serious investor's portfolio. (id:28469)

Facts & features

Property

MLS® Number: X13039300
Property Type: Multi-family
Community Name: 4408 - Ottawa East

Building

Bathroom Total: 8
Bedrooms Above Ground: 12
Bedrooms Below Ground: 4
Bedrooms Total: 16
Appliances: Water Heater, Dishwasher, Dryer, Furniture, Hood Fan, Microwave, Stove, Washer, Refrigerator
Basement Features: Apartment In Basement
Basement Type: N/a
Cooling Type: Central Air Conditioning
Exterior Finish: Brick
Foundation Type: Poured Concrete
Heating Fuel: Natural Gas
Heating Type: Forced Air
Stories Total: 3
Size Interior: 3,500 - 5,000 Sqft
Type: Fourplex
Utility Water: Municipal Water

Parking

No Garage: —

Land

Acreage: No
Sewer: Sanitary Sewer
Size Depth: 99 Ft
Size Frontage: 33 Ft
Size Irregular: 33 X 99 Ft
Size Total Text: 33 X 99 Ft

Monthly payment estimate

Home price

Down payment 20%

Interest rate (%)

Amortization

Frequency

Estimated payment — per month

Mortgage amount: —
Total interest: —

Estimate only — excludes property tax, insurance and condo fees. Rates compound semi-annually as is standard for Canadian mortgages.

Cost of ownership

Est. monthly payment: $9,719/mo
Ontario land transfer tax: $41,350 one-time

Payment assumes 20% down over 25 years. First-time buyers may get up to $4,000 back on land transfer tax.

The Ottawa East market

13 Active listings

$749,000 Median asking price

193% above median This home

38 days Avg. time on market

Browse all Ottawa East listings →

Rooms

Main Level

Kitchen 3.65 m x 3.04 m
Living Room 2.43 m x 3.04 m
Bedroom 3.65 m x 3.04 m
Bedroom 2 3.65 m x 3.04 m
Bedroom 3 3.65 m x 3.04 m
Bedroom 4 3.65 m x 3.04 m
Laundry Room Measurements not available

Location

59 Concord Street N, Ottawa, Ontario K1S 0Y5 · Get directions

59 Concord Street N