$3,999,000
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122 124 Cobourg Street, Ottawa, ON K1N8H1

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This is a rare opportunity to acquire two neighboring, income-producing multi-family buildings on **one title** in Ottawa's historic Lowertown. Comprising 14 residential units (7 per building), this stabilized investment is ideally located just minutes from the ByWard Market, Rideau Centre, the University of Ottawa, and major government employment hubs. The majority of suites are in excellent condition, with only a few offering value-add potential through light cosmetic updates and rental optimization. Major capital improvements-including roofs, windows, electrical upgrades, and efficient electric heat pumps-have already been completed, helping minimize near-term capital expenditures. Positioned in one of Ottawa's most desirable urban rental markets, the property benefits from strong demand driven by students, young professionals, and government employees. An assumable CMHC-insured mortgage is available, and the property is held in a standalone corporation, presenting a compelling opportunity for investors seeking stable cash flow with long-term upside. (id:58753)

Listing By: Marc Papineau - EXP REALTY
Source: CREA #X12851986 Listing provided courtesy of Canadian Real Estate Association
  • MLS® X12851986
  • Date Listed03/06/2026
  • Days on Realty 254 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 $3,999,000. 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.

This content last refreshed on 2026-11-15 19:36:17. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.