For Sale

$1,640,000

698 COOPER STREET , Ottawa, Ontario K1R6C6

6 Beds 4 Baths 1 Partial Bath

Remarks

Exceptional mixed-use fourplex prominently positioned on the corner of Cooper and Percy in the heart of high-demand Centretown. This income-generating asset features three residential units (one 3-bedroom, one 2-bedroom, and one 1-bedroom) plus a street-level commercial space currently leased to a barber shop until the end of 2027. The main floor offers excellent flexibility, currently configured as a three-bedroom residential unit with full basement alongside the commercial storefront. The second floor includes two well-appointed apartments, each with access to its own rooftop space and common washer/dryer. Residential units 1, 2 & 3 were renovated in 2021, with a new roof and new windows (3-bedroom unit) completed the same year. All appliances, light fixtures, HWT, and A/C units are included. Current rents: Barbershop approx. $35,670/year; 2-bedroom $23,400/year; 1-bedroom $19,680/year; 3-bedroom was recently owner-occupied (previously rented at $3,100/month) and is now vacant. Residential Neighbourhood Commercial zoning; buyer to complete due diligence regarding zoning and permitted uses under Ottawa zoning by-laws. Located steps to public transit and within walking distance to shops, restaurants, Chinatown, Little Italy, Lebreton Flats, and directly across from the Rideau Curling Club. A high-visibility corner property primed for growth-ideal for investors seeking stable income, value-add potential, or an owner-occupier opportunity. Check out our video tour. (id:7526)

Property Summary

  • Neighbourhood: 4102 - Ottawa Centre
  • Lot Frontage: 33.0 Feet
  • Lot Depth: 72.0 Feet
  • Lot Size: 33 x 72 FT
  • Bedrooms: 6
  • Bathrooms (Total): 4
  • Bathrooms (Partial): 1
  • Zoning: R4UD[478]-c

Property Features:

  • Features:
    Carpet Free , []
  • Parking Type:
    No Garage , Street
  • Property Type:
    Multi-family
  • Sewer:
    Sanitary sewer
  • Structure Type:
    Patio(s)

Building Features:

  • Amenities:
    Separate Hydro Meters
  • Appliances:
    All , Dishwasher , Dryer , Range , Stove , Washer , Refrigerator
  • Basement Development:
    Partially finished
  • Basement Type:
    N/A
  • Building Type:
    Fourplex
  • Cooling Type:
    Central air conditioning
  • Exterior Finish:
    Brick , Concrete
  • Foundation Type:
    Concrete
  • Heating Fuel:
    Natural gas
  • Heating Type:
    Forced air

Listing courtesy of: 

DETAILS REALTY INC.

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