For Sale: 59 Concord Street N, Ottawa, ON - REW
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$2,195,000
16 bd • 8 ba • 3500 - 4999 sf • Multifamily
59 Concord Street N
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$2,195,000
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59 Concord Street NOttawa, ON, K1S 0Y5

Old Ottawa East
  • 16 Bed
  • 8 Bath
  • 3500 - 4999 Sqft
  • Multifamily

About this home

Welcome to 59 Concord Street - a rare opportunity to acquire a purpose-built fourplex in the heart of Sandy Hill, steps to the University of Ottawa and the Rideau Canal. Built in 2016, this Class A, fully stabilized asset sits in one of Ottawa's strongest and most consistent rental corridors.The property consists of four identical 4-bedroom, 2-bathroom units, purpose-designed to maximize rental income and tenant demand. Each suite features dark hardwood flooring, durable tile and vinyl surfaces, and open-concept layouts filled with natural light. Contemporary kitchens showcase two-toned cabinetry, granite countertops, stainless steel appliances, and oversized center islands with breakfast bars overlooking spacious living and dining areas.Every unit is equipped with in-suite laundry, independent HVAC systems (furnace and A/C), tankless hot water tanks, video intercom entry, fob access, and enhanced soundproofing between units - a premium feature that reduces turnover and increases tenant satisfaction. The building also offers secure keypad entry and 24/7 video surveillance, reinforcing safety and long-term tenant appeal.Four identical units. Units come fully furnished. Offered all inclusive, water, gas, hydro. Fully tenanted. The turnkey nature of this asset ensures minimal operational complexity and strong tenant retention.Located within walking distance to the ByWard Market, Parliament Hill, and major transit routes, this is a high-demand micro-location with consistent rental performance driven by proximity to the University of Ottawa and downtown employment hubs.Strong financial profile with an NOI of $105,500.30 at a 4.8% cap rate. A clean, modern, income-producing asset built right, positioned right, and engineered for long-term performance - an exceptional addition to any serious investor's portfolio. (id:63626)
Listed by: Youssef Awada, Salesperson, EXP REALTY OF CANADA INC.

Home facts and features

Price details
List Price
$2,195,000
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Gross Taxes for 2025
$15,509
Home facts
Bedrooms
16
Full Bathrooms
8
Parking Details
No Garage
Property Type
Multifamily
Depth
99 feet
Frontage
33.0 feet
Exterior Finish
Brick
Heating Type
Forced air, Natural gas
Cooling
Central air conditioning
Basement Details
Apartment in basement,
Appliances
Dishwasher, Dryer, Furniture, Hood Fan, Microwave, Refrigerator, Stove, Washer, Water Heater
Community
Agent details
Primary Agent
Youssef Awada
Primary Broker
EXP REALTY OF CANADA INC.
Listing details
Days on REW
45 Days
Property Views
43
MLS® Number
X13039300
Source
Canadian Real Estate Association
Board
Ottawa Real Estate Board
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Property Insights

Lady Evelyn Alternative School
  • Public
  • JK - 6
Viscount Alexander Public School
  • Public
  • JK - 6
Immaculata School
  • Catholic
  • K - 12
Elgin Street Public School
  • Public
  • JK - 6
Lisgar Collegiate Institute
  • Public
  • 9 - 12
ÉEP Francojeunesse
  • Public
  • JK - 6
First Avenue Public School
  • Public
  • JK - 6
Glashan Public School
  • Public
  • 7 - 8
York Street Public School
  • Public
  • JK - 8
É Élém C Sainte-Anne
  • Catholic
  • 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
Youssef Awada
Phone:
(613) 867-1020
Office:
866-530-7737
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