$895,000
For sale: Multiplex

A solid brick, income-producing non-conforming triplex situated on a generous 6,717 sq ft lot with Mainstreet zone 1 (MS1) zoning, allowing a range of commercial uses and unlocking significant future development potential. The property is fully tenanted; however, two tenants have provided notice. Units are actively being re-leased but vacant possession could be arranged. The building has been well maintained, with major upgrades completed in 2011, including plumbing, electrical, windows, kitchens, and bathrooms. Additional improvements include a sprinkler system, spray-foam insulation in the basement, and two new high-efficiency furnaces installed in 2025. Flooring consists of hardwood, and tiling. The property offers two driveways, ample parking, and a large rear yard extending behind the adjacent property. With 70 feet of frontage, the site may support further development. Located just off Merivale Road, this is a prime position near the Westgate Mall redevelopment, with easy access to public transit, the bicycle path running along the Experimental Farm to Carleton University, and shopping along Carling and Merivale. An excellent addition to any portfolio, with strong income today and compelling upside in a rapidly regenerating neighbourhood. 24-hour notice required for showings. Units : One 3-storey, 1-bedroom townhouse-style unit with private entrance and fenced yard. Currently rented at $1,695/month. The third floor offers potential to dormer for additional bedroom space. One 2-storey, 2-bedroom apartment currently rented at $1,900/month. One main-floor bachelor apartment rented at $1,375/month. Expenses - Insurance: $3,655.00, Taxes: $4,680.27, Hydro: $390.22, Gas: $919.08, Water: $1,485.01 *Some photos have been virtually edited to remove personal items and reduce clutter*
Sold data
Multiplex homes in Ottawa took a median of 40 days to sell over the last 90 days, with the quickest quarter selling within 20 days and the slowest quarter taking more than 67, across 42 recorded sales.
That clock counts only the listing each home finally sold on. Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 61 days.
The median sale price was $884,450.
Homes sold for about 2.6% below asking on average, so there was room to negotiate.
About 7% of sales closed above the list price.
Around 12% of sellers reduced their price before finding a buyer.
Based on 42 recorded sales in the last 90 days — a small sample, so treat these figures as indicative. Aggregate statistics only; individual sale prices are not shown.
Schools
Ottawa has 217 Fraser Institute–rated schools (174 elementary and 43 secondary), averaging 6.2/10.
School ratings from the Fraser Institute's Ontario school report cards.
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