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$6,799,000
Ontario,Ottawa
For Sale Active
60 COBOURG STREET, Ottawa, Ontario K1N8G8
  • 19,450 Sqft
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Basic Details
Description

Welcome to an exceptional investment opportunity in one of downtown’s most sought-after rental neighbourhoods, Lower Town. This impeccably maintained 26-unit building offers bright, spacious apartments, a strong and established tenant-base with consistent occupancy, strategic building upgrades, and valuable R5 H(18) F(2.0) zoning. Located prominently at the corner of Clarence Street East and Cobourg Street, 60 Cobourg Street comprises 22 apartment

units in the main building, along with four townhouse-style units featuring private entrances on Clarence Street East. All 26 units were comprehensively upgraded in 2011, featuring a cohesive design with hardwood flooring and matching kitchens equipped with dishwashers, with the roof, windows, electrical and domestic plumbing also fully replaced in 2011. The common hallways are designed to blend the building’s original character with an elevated, upscale aesthetic. Updated hallways feature fresh paint, LED lighting, and tasteful artwork, creating a warm and welcoming atmosphere for residents. The property is ideally situated just steps from the many amenities of Rideau Street, a short walk to the University of Ottawa campus, and directly serviced by public transit at the front door. MacDonald Gardens Park is located directly across the street, an ideal green space for tenants, further enhancing the appeal of the location.Thanks to its prime setting and meticulous upkeep, the property has historically re-rented easily and efficiently to qualified applicants, primarily young professionals; resulting in a consistently fully-tenanted rent roll. The unit-mix includes two bachelor units, seven one-bedroom units, six one-bedroom plus den units, ten two-bedroom units, and one three-bedroom unit. Additional features include three newer card-operated stackable laundry machines, providing tenants with the convenience of on-site laundry while generating reliable income for the owner. Attractive upside potential on current rent roll. (id:62650)

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Basic Details
  • Property Type: Residential Income
  • Listing Type: For Sale
  • Listing ID: X13044652
  • Price: $6,799,000
  • Square Footage: 19,450 Sqft
  • Status: Active
  • Property Attached Yn: 1
  • Property Sub Type: Multi-family
  • Office Key: 276936
Features & Appliances
Features
  • Heating System: Radiator
  • Cooling System: None
Address Map
  • Location: CA, Ontario, Ottawa, K1N8G8
  • Street: Cobourg
  • Street Number: 60
  • Street Suffix: Street
  • Longitude: W76° 19' 11.4''
  • Latitude: N45° 26' 3.2''
Additional Information
  • Water Source:
  • Business Type: Residential
  • Lot Size Dimensions: Bldg=98.25 x 66.5 FT
Financial
  • Tax Annual Amount: 52967
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Listing updated: 2026-04-26 09:02:38
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Listing Information
  • List Agent Key: 1996786
  • List Office Key: 276936
  • Modification Timestamp: 2026-04-25T16:40:39Z
  • Originating System Name: Ottawa Real Estate Board
  • Status Change Timestamp: 2026-04-25T16:34:48Z
Powered by REALTOR.ca
Listing updated: 2026-04-26 09:02:38
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