DAVID OIKLE

BROKER

335-337 ST PATRICK STREET
Ottawa, Ontario K1N5K6

$1,545,000

ID# X12057657
An exceptional investment opportunity in the highly desirable Lower Town/Sandy Hill area! This well-maintained FOURPLEX on EXTRA LARGE LOT (44ft X 119ft) offers four generously sized 2-bedroom, 1-bathroom units, making it an excellent income-generating property with significant upside potential. Beyond its prime location, this property boasts a large lot, offering future development UP TO 16 UNITS or expansion possibilities - an added advantage for investors looking to maximize value. Recent updates, including fire retrofit compliance, modernized electrical services, new furnaces, updated kitchens and bathrooms, and in-unit enhancements, contribute to the property's long-term sustainability and rental appeal. With a proven history of steady cash flow, increasing property values in the area, and the potential for further enhancements, this is a rare opportunity to secure a multi-unit property in one of Ottawas most dynamic and evolving neighbourhoods. Ideally positioned just steps from the vibrant ByWard Market, Ottawa University, major transit routes, shopping, dining, and essential amenities, this property attracts a strong and consistent tenant base, including students, young professionals, and urban dwellers seeking convenience and accessibility. Whether you're looking to expand your real estate portfolio or capitalize on the growing demand for rental housing, this property checks all the boxes. (id:25961)

INTERESTED IN THIS PROPERTY?

General Inquiry
Courtesy of SUTTON GROUP - OTTAWA REALTY
Listed on: April 01, 2025

On market: 17 days
Bathroom Total 4
Bedrooms Total 8
Heating Type Forced air
Heating Fuel Natural gas
Stories Total 2

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Address Price Bed Bath SqFt Area Sub Area Brokerage
2301 - 234 RIDEAU STREET S Ottawa
2301 - 234 RIDEAU STREET S
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1 - 146 BAYSWATER AVENUE Ottawa
1 - 146 BAYSWATER AVENUE
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310 KANASHTAGE TERRACE Ottawa
310 KANASHTAGE TERRACE
 $699,000 3 3 20 x 105 FT Ottawa ROYAL LEPAGE TEAM REALTY
1390 MAYVIEW AVENUE Ottawa
1390 MAYVIEW AVENUE
 $869,000 - 3 Bldg=55 x 100 FT Ottawa RE/MAX HALLMARK REALTY GROUP
440 APPALACHIAN CIRCLE Ottawa
440 APPALACHIAN CIRCLE
 $1,050,000 4 5 44.3 x 81.6 FT Ottawa EXP REALTY
848 SNOWDROP CRESCENT Ottawa
848 SNOWDROP CRESCENT
 $1,049,999 4 4 38 x 98.3 FT ; 0 Ottawa POWER MARKETING REAL ESTATE INC.
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DAVID OIKLE

BROKER

384 Richmond Road

Ottawa, ON. K2A 0E8

Phone: 613.729.9090

CONTACT DAVE

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