For Sale: 60 Cobourg Street, Ottawa, ON - REW
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$6,799,000
0 bd • ba • 19450 sf • Multifamily
60 Cobourg Street
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$6,799,000
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60 Cobourg StreetOttawa, ON, K1N 8G8

Lowertown
  • 0 Bed
  • Bath
  • 19450 Sqft
  • Multifamily

About this home

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:63626)
Listed by: Paul Robillard, Salesperson, CAPITAL COMMERCIAL INVESTMENT CORP.

Home facts and features

Price details
List Price
$6,799,000
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Gross Taxes for 2026
$52,967
Home facts
Bedrooms
0
Full Bathrooms
Property Type
Multifamily
Depth
66.5 feet
Frontage
98.3 feet
Heating Type
Radiator
Appliances
Dishwasher, Dryer, Washer, Water Heater
Community
Agent details
Primary Agent
Paul Robillard
Primary Broker
CAPITAL COMMERCIAL INVESTMENT CORP.
Listing details
Days on REW
44 Days
Property Views
43
MLS® Number
X13044652
Source
Canadian Real Estate Association
Board
Ottawa Real Estate Board
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25 Years
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3.99%

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Property Insights

É Élém C Sainte-Anne
  • Catholic
  • JK - 8
ÉEP De la Salle
  • Public
  • 7 - 8
ÉSP De La Salle
  • Public
  • 9 - 12
York Street Public School
  • Public
  • JK - 8
ÉEP Le Trillium
  • Public
  • JK - 6
ÉEP Trille des Bois
  • Public
  • JK - 8
ÉEP Francojeunesse
  • Public
  • JK - 6
Répit-Transit
  • Public
  • JK - 12
St Brigid Elementary School
  • Catholic
  • JK - 6
É Élém C Horizon-Jeunesse
  • Catholic
  • 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
Paul Robillard
Phone:
(613) 282-0948
Office:
613-518-2006
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