$4,250,000
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122 124 Cobourg Street, Ottawa, ON K1N8H1

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122-124 Cobourg is a rare chance to acquire two neighboring, income-producing multi-family buildings(one title) in Ottawa's historic Lowertown, minutes from the ByWard Market, Rideau Centre, the University of Ottawa, and major government employment hubs. Each property contains seven residential units (14 total), giving investors immediate scale in a tight, highly walkable rental market. Most suites are in excellent condition, with only a few needing light cosmetic upgrades, creating straightforward upside through selective renovations and modest rent increases rather than disruptive construction. The buildings sit on a quiet residential block with high walkability, strong transit, and quick access to cycling routes and downtown bridges. Residents can walk to buses, shops, parks, schools, and nightlife, making the property ideal for students, young professionals, and public-sector workers who value an urban, car-optional lifestyle. Lowertown benefits from ongoing reinvestment and steady gentrification, supporting long-term rent growth and low vacancy while positioning this asset to outperform more peripheral locations. Operationally, this is a stabilized, low-maintenance acquisition. Roofs, windows, and major exterior items have been renewed within roughly the last decade, sharply reducing near-term capital expenditures. Electrical systems have been modernized, utilities are separated to each unit, and efficient electric heat pumps added, simplifying expense recovery and appealing to tenants seeking comfortable, modern housing. With the heavy lifting complete, investors can focus on fine-tuning operations and turning a few under-market units to unlock additional income. An assumable CMHC-insured mortgage is in place, allowing buyers to step into attractive financing that may be difficult to replicate today, boosting cash flow and reducing interest-rate risk. Property is held in a stand alone corp and can be purchased to save on acquisition costs. (id:58753)

Listing By: Marc Papineau - EXP REALTY cncrea2 Realty.com
  • MLS® X12851986
  • Date Listed03/06/2026
  • Days on Realty 93 Days
  • Bedrooms -
  • Bathrooms
  • Lot Size -
  • Property Type Multi Family
  • Water Public

Interior Features

  • Appliances All
  • Cooling Fully air conditioned
  • Heating Baseboard heaters, Forced air

Exterior / Lot Features

  • Roof -
  • Lot Size Acres -
  • Lot Size SQFT -
  • Lot Features -

Directions

Cross Streets: Rideau and Cobour. ** Directions: From 417, take the King Edward Avenue exit north, turn right on Rideau Street, left on Cobourg Street, then continue to 122-124 Cobourg on your right.

Sales & Tax History

Source: Public Records

Local Neighborhood Highlights for K1N8H1

Discover key demographics, population statistics, and environmental insights for the Ottawa, ON area.

Walkability in ON / K1N8H1

Source: Walk Score

99/100

Walker's Paradise

Walk Score ®

82/100

Excellent Transit

Transit Score ®

99/100

Biker's Paradise

Bike Score ®

Overview

Daily errands do not require a car. Transit is convenient for most trips. Daily errands can be accomplished on a bike.

Transit Summary

45 nearby routes: 44 bus, 1 rail, 0 other

Walkability averages in the surrounding area

The average walkability score in the surrounding area is Walk Score: 69/100, Transit Score: 62/100, Bike Score: 84/100.

Points of Interest near 122 124 COBOURG STREET, Ottawa, ON K1N8H1

Frequently Asked Questions for 122 124 COBOURG STREET

Source: Realty.com

122 124 COBOURG STREET, Ottawa, ON K1N8H1 in Ottawa, ON K1N8H1 is a multi family listed at $4,250,000. Realty.ca has 50 photos, sales history, school insights, and mortgage tools for this listing.

Realty.com has 50 photos of 122 124 COBOURG STREET.

The full address for this home is 122 124 COBOURG STREET, Ottawa, ON K1N8H1.

122 124 COBOURG STREET has been listed on Realty.com since Fri March 06, 2026

Daily errands do not require a car. Transit is convenient for most trips. Daily errands can be accomplished on a bike.

The average walkability score in the surrounding area is Walk Score: 69/100, Transit Score: 62/100, Bike Score: 84/100.

Listing provided courtesy of: EXP REALTY
Listing agent: Marc Papineau

This content last refreshed on 2026-06-07 20:04:26. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.