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$2,990,000
Ontario,Ottawa
For Sale Active
6610 FOURTH LINE RD FOURTH LINE ROAD, Ottawa, Ontario K0A2T0
  • 4,050 Sqft
Basic Details
Description

Institutional-quality, cash-flow-positive investment offering long-term stability with embedded upside. This mostly renovated multi-unit asset has been thoughtfully upgraded to support predictable income, low operating risk, and strong tenant retention. Five units have been renovated within the past two years, two additional units within the past five years, while the attached three-bedroom residence remains largely unrenovated, presenting a clear and controllable

value-add opportunity through modernization and rent repositioning.The property is engineered to run lean. A commercial-grade septic system and new septic bed, completed within the last two years, paired with upgraded electrical infrastructure and full separate metering, ensures operating efficiency while pushing utility costs directly to tenants. A new private well eliminates water expenses entirely, and the absence of municipal services results in consistently low property taxes, materially strengthening net operating income and long-term yield.Operational stability is further enhanced by a long-term tenant occupying the attached residence who also serves as an on-site caretaker. In exchange for below-market rent, this tenant provides snow removal, lawn care, routine maintenance, and minor repairs – services not reflected in operating expenses – effectively stabilizing cash flow and reducing management exposure without increasing overhead. Four units are wheelchair accessible, offering a durable competitive advantage in a market with an aging demographic and limited accessible housing supply. These units remain in high demand, support strong tenant quality, and contribute to low vacancy and turnover. The building is well maintained, tenanted by clean, long-term occupants, and requires no immediate capital expenditures. This asset delivers reliable income today with measured upside tomorrow, making it ideal for investors seeking strong in-place cash flow, low expense ratios. (id:62650)

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Basic Details
  • Property Type: Residential Income
  • Listing Type: For Sale
  • Listing ID: X12767868
  • Price: $2,990,000
  • Square Footage: 4,050 Sqft
  • Status: Active
  • Property Attached Yn: 1
  • Property Sub Type: Multi-family
  • Office Key: 280225
Features & Appliances
Features
  • Heating System: Electric, Hot Water, Forced air, Natural gas, Baseboard heaters
  • Cooling System: Fully air conditioned
Address Map
  • Location: CA, Ontario, Ottawa, K0A2T0
  • Street: Fourth Line
  • Street Suffix: Road
  • Longitude: W76° 16' 38.3''
  • Latitude: N45° 8' 12.5''
Additional Information
  • Business Type: Residential
  • Lot Size Dimensions: Bldg=166.64 x 122.17 FT
Financial
  • Tax Annual Amount: 13982
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Listing updated: 2026-05-01 16:50:07
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Listing Information
  • List Agent Key: 2237058
  • List Office Key: 280225
  • Modification Timestamp: 2026-03-06T21:50:45Z
  • Originating System Name: Toronto Regional Real Estate Board
  • Status Change Timestamp: 2026-03-06T21:41:39Z
Powered by REALTOR.ca
Listing updated: 2026-05-01 16:50:07
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