$4,250,000
122-124 Cobourg Street, Lower Town - Sandy Hill, ON K1N 8H1
Lower Town - Sandy Hill
- Square feet
- 0
- Type
- Investment
About this listing
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.
Property details
- Days on market
- 48 days
- Property taxes
- $34,765/yr (2025)
- Lot size
- 33 × 165.66 Feet
- Heating
- Baseboard
- Cooling
- Yes
- Garage
- Outside/Surface
Payment calculator
- Mortgage amount
- $3,400,000
Estimate only - excludes property tax, condo fees, utilities and home insurance. Rates vary by lender and term; based on semi-annual compounding.
Location
View Walk Score, Transit Score & Bike Score
Walkability, transit, and bike-friendliness for 122-124 Cobourg Street, Lower Town - Sandy Hill, ON K1N 8H1
Provided by Walk Score®. Walk Score, Transit Score, and Bike Score are trademarks of Walk Score.
MLS# X12851986
Listed by EXP REALTY
On market since Mar 5, 2026
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About 122-124 Cobourg Street, Lower Town - Sandy Hill, ON K1N 8H1
How much is 122-124 Cobourg Street, Lower Town - Sandy Hill, ON K1N 8H1?
122-124 Cobourg Street, Lower Town - Sandy Hill, ON K1N 8H1 is listed for $4,250,000 CAD.
What type of property is 122-124 Cobourg Street, Lower Town - Sandy Hill, ON K1N 8H1?
122-124 Cobourg Street, Lower Town - Sandy Hill, ON K1N 8H1 is a Investment.
What neighbourhood is 122-124 Cobourg Street, Lower Town - Sandy Hill, ON K1N 8H1 in?
122-124 Cobourg Street, Lower Town - Sandy Hill, ON K1N 8H1 is in Lower Town - Sandy Hill, Ontario.
Is 122-124 Cobourg Street, Lower Town - Sandy Hill, ON K1N 8H1 for sale or for rent?
122-124 Cobourg Street, Lower Town - Sandy Hill, ON K1N 8H1 is currently for sale.
What are the property taxes on 122-124 Cobourg Street, Lower Town - Sandy Hill, ON K1N 8H1?
The annual property taxes on 122-124 Cobourg Street, Lower Town - Sandy Hill, ON K1N 8H1 are approximately $34,765 CAD.
How do I book a showing for 122-124 Cobourg Street, Lower Town - Sandy Hill, ON K1N 8H1?
Contact Alex Morgan at +16471112222 to arrange a private showing of 122-124 Cobourg Street, Lower Town - Sandy Hill, ON K1N 8H1 (MLS# X12851986). You can also send a message through the contact form on this site.