additional 2 bedrooms, 1 bathroom, a full kitchen, and a comfortable living/dining area. With large above-grade windows, a walk-out patio door, a separate side entrance, and radiant heated flooring, the space feels bright and inviting – more like a main-level suite than a typical basement apartment. The lower unit is currently tenanted, providing immediate rental income potential. Zoned N5C, this property also presents attractive opportunities for future residential intensification or multi-unit redevelopment, making it an excellent long-term investment. Notable upgrades include:- 2016: High-efficiency gas boiler furnace and HRV system- 2011: Owned gas hot water tank- 2008: Windows, foundation waterproofing, weeping tile, complete basement renovation, and radiant basement floor heating system. A rare opportunity in central Ottawa combining existing rental income, vacant owner occupancy, and long-term development upside. Ideally located close to the University of Ottawa, Highway 417, the Rideau Canal, parks, transit, and major employers including CCCS, RCMP, CMHC, CBSA, NRC, and DND. Everyday amenities are all nearby, including Loblaws, Metro, FreshCo, and Green Fresh Supermarket, supporting strong and consistent rental demand. (id:62650)