10 Bedrooms

6 Bathrooms

5,000 - 100,000 sqft Interior

7 Parking spaces

50 X 100 Ft Lot size

Today Listed

Central Air Conditioning Forced Air

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About this home

EXCEPTIONAL SIX-UNIT INVESTMENT OPPORTUNITY! Welcome to 816 Grenon Avenue, a well-maintained, income-generating property offering six residential apartments, strong rental income, and extensive recent capital improvements. An excellent opportunity for investors seeking a turnkey multi-unit property with significant upgrades already completed. Brand new roof (2026), all windows replaced (2025), plumbing updated (2024), and electrical updated (2026). Two furnaces, one approximately four years old and the second 2026. Additional upgrades include all-new aluminum and vinyl siding (2026), a new driveway and parking lot for 7 vehicles (2026), and two new central A/C units (2026). The property is also equipped with a self-monitored CCTV security system with DVR recording and video footage & a storage shed. With extensive improvements to major building components, multiple rental income streams, and excellent long-term investment potential, this property is an outstanding addition to any real estate investment portfolio! (id:28469)

Facts & features

Property

MLS® Number: X14155196
Property Type: Multi-family
Neighbourhood: Fairfield Heights
Community Name: 6201 - Britannia Heights
Equipment Type: Water Heater, Furnace
Parking Space Total: 7
Rental Equipment Type: Water Heater, Furnace

Building

Bathroom Total: 6
Bedrooms Above Ground: 10
Bedrooms Total: 10
Basement Features: Separate Entrance
Basement Type: N/a
Cooling Type: Central Air Conditioning
Exterior Finish: Aluminum Siding, Vinyl Siding
Foundation Type: Poured Concrete
Heating Fuel: Natural Gas
Heating Type: Forced Air
Stories Total: 2
Size Interior: 5,000 - 100,000 Sqft
Type: Other
Utility Water: Municipal Water

Parking

No Garage: —

Land

Acreage: No
Sewer: Sanitary Sewer
Size Depth: 100 Ft
Size Frontage: 50 Ft
Size Irregular: 50 X 100 Ft
Size Total Text: 50 X 100 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: $8,767/mo
Ontario land transfer tax: $36,075 one-time

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

The Britannia Heights market

8 Active listings

$397,450 Median asking price

398% above median This home

38 days Avg. time on market

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Location

816 Grenon Avenue, Ottawa, Ontario K2B 6G2 · Get directions

816 Grenon Avenue