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$ 974,900
Est. payment /mo
New
85 Waverley ST E Ottawa Centre, ON K2P 0V1
5 Beds
4 Baths
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multiplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 2000-2500
Subdivision 4104 - Ottawa Centre/Golden Triangle
MLS Listing ID X13470236
Style 3-Storey
Bedrooms 5
Annual Tax Amount $9,038
Tax Year 2026
Property Sub-Type Multiplex
Property Description
"Walkable Lifestyle. Reliable Investment." On one of most desirable urban streets, just steps from the Rideau Canal and moments to the cafés, restaurants, boutiques, and everyday conveniences of Golden Triangle and Elgin Street, this brick house ( presently 3 units) presents a rare opportunity for both investors and future owner-occupiers a like. The building showcases attractive heritage-inspired brick detailing. Fully rented and excellent tenant's. Set on a quiet residential street lined with attractive homes and long-term neighbors, the property benefits from a location that continues to attract high-quality tenants seeking an urban lifestyle centered around walkability, green space, and community connection. The building comprises well-rented units with excellent tenants currently in place, generating annual rental income of close to $60,408. with approximately $20,948.96 in yearly expenses. Rear laneway access provides parking and year-round convenience, with the lane maintained and plowed in winter months. Beyond the existing income potential, the property also offers long-term upside and flexibility. Whether maintained as a stable investment property, gradually updated to further enhance revenue potential, or eventually reimagined as a future owner-occupied residence with income support, the combination of location, lot size, brick construction, and neighborhood demand creates a compelling opportunity for growth over time. With a 30 x 93 ft lot, rear lane access and one of Ottawa's most walkable urban settings, this is the kind of property that rarely loses relevance - a smart investment today and an exciting opportunity for the future. 3 units - one per floor - 3rd floor unit access at rear . Rear Lane allows for easy access -3 car parking. As well a shared right of way driveway with 89 Waverley. .Zoning N4B(478) Showing times 24 hour notice.
Location
Province ON
County Ottawa
Area Ottawa
Zoning N4B(478)
Rooms
Basement Full, Unfinished, Partially Finished
Kitchen 3
Interior
Interior Features Other
Cooling None, Window Unit(s)
Inclusions 3 fridges, 2 stoves- 3 dishwashers - washer and dryer
Exterior
Parking Features None
Pool None
Roof Type Shingles
Total Parking Spaces 3
Building
Building Age 100+
Foundation Stone, Other
Lited by ENGEL & VOLKERS OTTAWA