For Sale: 6610 Fourth Line Fourth Line Rd Road, Ottawa, ON - REW
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$2,990,000
0 bd ba 4050 sf Multifamily

6610 Fourth Line Rd Fourth Line RoadOttawa, ON, K0A 2T0

North Gower - Kars
  • 0 Bed
  • Bath
  • 4050 Sqft
  • Multifamily

About this home

Institutional-quality, cash-flow-positive investment offering long-term stability with embedded upside. This mostly renovated multi-unit asset has been thoughtfully upgraded to support predictable income, low operating risk, and strong tenant retention. Five units have been renovated within the past two years, two additional units within the past five years, while the attached three-bedroom residence remains largely unrenovated, presenting a clear and controllable value-add opportunity through modernization and rent repositioning.The property is engineered to run lean. A commercial-grade septic system and new septic bed, completed within the last two years, paired with upgraded electrical infrastructure and full separate metering, ensures operating efficiency while pushing utility costs directly to tenants. A new private well eliminates water expenses entirely, and the absence of municipal services results in consistently low property taxes, materially strengthening net operating income and long-term yield.Operational stability is further enhanced by a long-term tenant occupying the attached residence who also serves as an on-site caretaker. In exchange for below-market rent, this tenant provides snow removal, lawn care, routine maintenance, and minor repairs - services not reflected in operating expenses - effectively stabilizing cash flow and reducing management exposure without increasing overhead. Four units are wheelchair accessible, offering a durable competitive advantage in a market with an aging demographic and limited accessible housing supply. These units remain in high demand, support strong tenant quality, and contribute to low vacancy and turnover. The building is well maintained, tenanted by clean, long-term occupants, and requires no immediate capital expenditures. This asset delivers reliable income today with measured upside tomorrow, making it ideal for investors seeking strong in-place cash flow, low expense ratios. (id:63626)
Listed by: Marc Papineau, Salesperson, EXP REALTY OF CANADA, INC.

Home facts and features

Price details
List Price
Gross Taxes for 2025
$13,982
Home facts
Bedrooms
0
Full Bathrooms
Property Type
Multifamily
Depth
122.17 feet
Frontage
166.7 feet
Heating Type
Baseboard heaters, Forced air, Natural gas, Hot Water
Cooling
Fully air conditioned
Appliances
Dryer, Washer
Community
Agent details
Primary Agent
Marc Papineau
Primary Broker
EXP REALTY OF CANADA, INC.
Listing details
Days on REW
122 Days
Property Views
33
MLS® Number
X12767868
Source
Canadian Real Estate Association
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Estimated Payments
Purchase Price
Mortgage Total
Down Payment
Amortization
25 Years
Interest Rate
3.99%

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Property Insights

North Gower/Marlborough Public School
  • Public
  • JK - 5
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
Listing data is subject to copyright, disclaimer, and additional requirements from the data provider. See our Terms of Use for terms applicable to this listing. Listing data was last updated on 2026-06-08.