For Sale: 26 Aylmer Avenue, Ottawa, ON - REW
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$1,699,000
8 bd • 6 ba • 3500 - 4999 sf • Multifamily
26 Aylmer Avenue
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$1,699,000
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26 Aylmer AvenueOttawa, ON, K1S 2W9

Old Ottawa South
  • 8 Bed
  • 6 Bath
  • 3500 - 4999 Sqft
  • Multifamily

About this home

A rare multi unit gem in one of Ottawa's Most Coveted Neighborhoods. Welcome to a premier, fully tenanted investment opportunity in Old Ottawa South. Perfectly positioned on an expansive 30' x 161' lot, this property offers the ultimate combination of immediate cash flow and future development potential. The property boasts a major 3,000 sq. ft. addition completed in 2017, bringing the total to four self-contained, high-yielding apartments (one 3 bed, two 2 beds, and one 1 bed). Every unit benefits from the convenience of private, in unit laundry, a massive draw for top tier tenants. The original front unit has been tastefully modernized with gleaming hardwood floors, granite countertops, contemporary cabinetry, and a renovated bath. Mechanically, this building is a dream for hands off investors. It features updated roofing (2017), a 2017 sump pump, and independent climate controls. Utilities are efficiently split across 3 hydro meters, 3 gas meters, and 1 water meter. Currently generating a strong $11,349.31 in gross monthly rental income with a 6.3% cap rate, this property is rock-solid. Best of all? The City of Ottawa has indicated potential for a 5 plex conversion, giving you a clear path to instantly boost your equity and revenue whenever you're ready. Building is legal as it stands. Current total gross monthly rental income is $11,349.31. Annual gross income: $131,055.00. Annual expenses: $24,288.30. Annual net income: $106,766.70. Motivated vendor. PROPERTY SOLD AS IS WHERE IS. (id:63626)
Listed by: Paul McCunn, Salesperson, ROYAL LEPAGE PERFORMANCE REALTY

Home facts and features

Price details
List Price
$1,699,000
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Gross Taxes for 2026
$15,949
Home facts
Bedrooms
8
Full Bathrooms
6
Parking Spaces
2
Parking Details
No Garage
Property Type
Multifamily
Depth
162 feet
Frontage
30.4 feet
Exterior Finish
Brick, Vinyl siding
Heating Type
Forced air, Natural gas
Cooling
Central air conditioning
Basement Details
Finished,
Appliances
Dishwasher, Dryer, Refrigerator, Two stoves, Washer
Community
Agent details
Primary Agent
Paul McCunn
Primary Broker
ROYAL LEPAGE PERFORMANCE REALTY
Listing details
Days on REW
13 Days
Property Views
69
MLS® Number
X13199062
Source
Canadian Real Estate Association
Board
Ottawa Real Estate Board
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Amortization
25 Years
Interest Rate
3.99%

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Property Insights

Hopewell Avenue Public School
  • Public
  • JK - 8
Mutchmor Public School
  • Public
  • JK - 6
Corpus Christi Catholic Elementary School
  • Catholic
  • JK - 6
Glebe Collegiate Institute
  • Public
  • 9 - 12
First Avenue Public School
  • Public
  • JK - 6
Glashan Public School
  • Public
  • 7 - 8
Immaculata School
  • Catholic
  • K - 12
Lady Evelyn Alternative School
  • Public
  • JK - 6
Cambridge Street Community Public School
  • Public
  • JK - 6
Alta Vista Public School
  • Public
  • JK - 8
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
Paul McCunn
Phone:
(613) 733-9100
Office:
613-733-9100
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