Welcome to a unique opportunity in the heart of Hintonburg. This fully renovated cinder block fourplex offers investors a stabilized asset with consistent cash flow. Currently generating an annual gross income of $96,672 and a cap rate of approximately 6%, the property is fully tenanted with above-market rents, making it an attractive turnkey acquisition. All four units are one-bedroom and one-bathroom layouts and benefit from separate hydro metering across five meters, enhancing operational efficiency.
The property is located just steps away from Wellington Street, one of Ottawa’s most vibrant corridors, known for its eclectic retail, gourmet dining, and boutique coffee shops. With R4UB zoning and an engineer’s report supporting vertical expansion potential, there is an opportunity to significantly increase value through future development. The location offers unmatched walkability and access to transit, parks, and lifestyle amenities, ensuring long-term tenant demand. This asset combines strong in-place performance with potential upside—ideal for portfolio diversification or strengthening your position in Ottawa’s thriving multi-family market.