Ottawa, ON K1N8E8 81 MARLBOROUGH AVENUE

Amazing Purpose-Built TRIPLEX - Located on a quiet residential street in Sandy Hill, Ottawas most vibrant and historic downtown communities. Combining classic charm with modern functionality, this property features THREE UNITS - each equipped with its own kitchen, in-unit laundry, full bathroom(s), and living space - making it an ideal opportunity for investors or homeowners looking to offset their mortgage with rental income. The building offers a total of 11 bedrooms and 4 full bathrooms across the three units, each assigned a separate civic address: 81, 81B, and 83 Marlborough Avenue. The main level unit, 81 Marlborough, includes 5 Bedrooms, 2 Full Baths, a kitchen, and a bright living room, currently rented at $3,680 per month. The upper-level unit, 83 Marlborough, provides 3 Bedrooms, 1 Full Bath, a functional kitchen, and living area, generating $2,310 per month. The lower unit, 81B Marlborough, was fully renovated with city permits and offers a stylish, open-concept layout with 3 bedrooms, 1 Full Bathroom, a modern kitchen, and a living space, also rented at $2,310 per month. With R4UA zoning, this property provides significant flexibility and future development potential. Updates including a new combi-boiler for heating and hot water in 2019, new roof in 2021, and new windows was installed in the main and upper units in 2022. Two on-site parking spaces further enhance its income potential. Fully tenanted and generating strong annual gross revenue of $102,480, with annual operating expenses (property taxes, insurance, and snow removal) $16,014, the property reported a 2024 net income of $86,466. Utilities are separately paid by the tenants. Separate Hydro-Meters for each unit. Most units are available fully furnished, providing flexibility for both short-term and long-term rental strategies. Whether you're looking for a turnkey investment or a live-in opportunity with steady rental income, this triplex offers exceptional value in a prime downtown location. (id:7434)