For Sale: 124-126 Irving Avenue, Ottawa, ON - REW
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$1,779,900
0 bd • 6 ba • 5716 sf • Multifamily
124-126 Irving Avenue
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$1,779,900
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124-126 Irving AvenueOttawa, ON, K1Y 1Z4

Hintonburg - Mechanicsville
  • 0 Bed
  • 6 Bath
  • 5716 Sqft
  • Multifamily

About this home

Offered for the first time in nearly 50 years, this impressive three-storey, red-brick six-unit building presents a rare investment opportunity in the heart of Hintonburg. Lovingly maintained and thoughtfully updated, the property combines classic character, and significant improvements to major building systems. Unit features include hardwood floors, high ceilings, fireplaces, generous sized principal rooms, enclosed sunrooms, large west-facing rear patios providing valuable outdoor living space, and absolutely fantastic tenants. Extensive updates over the years include a complete electrical upgrade (2014-2022), all modern plumbing including stacks (mostly 2022), windows (mostly 2019+), architectural style roofing (2017-2019) and heating systems (2022), offering an excellent foundation for continued ownership. Ideally positioned just steps from Hintonburg's shops, restaurants, cafés and transit, the property benefits from an exceptional central location and strong tenant appeal. Gross income of $120,240, and expenses of $26,923, gives 124-126 Irving Avenue a strong CAP rate of 5.24% with room to increase. This is a rare opportunity to acquire a substantial multi-residential property in one of Ottawa's most desirable urban neighbourhoods. 2026 Fire Code Compliance Certificate will be made available to the buyer on or before closing. (id:63626)
Listed by: Dan Horan, Salesperson, RE/MAX HALLMARK REALTY GROUP

Home facts and features

Price details
List Price
$1,779,900
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Gross Taxes for 2026
$12,779
Home facts
Bedrooms
0
Full Bathrooms
6
Parking Spaces
5
Property Type
Multifamily
Depth
114.36 feet
Frontage
50.0 feet
Heating Type
Radiant heat, Forced air, Natural gas
Appliances
Dryer, Washer
Community
Agent details
Primary Agent
Dan Horan
Primary Broker
RE/MAX HALLMARK REALTY GROUP
Listing details
Days on REW
1 Day
MLS® Number
X13838492
Source
Canadian Real Estate Association
Board
Ottawa Real Estate Board
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Purchase Price
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25 Years
Interest Rate
3.99%

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Property Insights

É Élém C Saint-François-d'Assise
  • Catholic
  • JK - 6
Connaught Public School
  • Public
  • JK - 6
Devonshire Community Public School
  • Public
  • JK - 6
Fisher Park/Summit AS Public School
  • Public
  • 7 - 8
St Anthony Elementary School
  • Catholic
  • JK - 6
Cambridge Street Community Public School
  • Public
  • JK - 6
Elmdale Public School
  • Public
  • JK - 6
Centennial Public School
  • Public
  • JK - 8
Glebe Collegiate Institute
  • Public
  • 9 - 12
Hilson Avenue Public School
  • Public
  • JK - 6
School catchments and distances are intended to be used as reference only. To verify enrolment eligibility for a property, contact the school directly.Report Incorrect Info
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Call Agent
Salesperson
Dan Horan
Phone:
(613) 255-6494
Office:
613-236-5959
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