$940,000
For sale: Multiplex

Situated in the heart of sought-after Old Ottawa South, this classic 3-storey brick triplex offers an exceptional investment opportunity with 3 self-contained residential units and strong income potential. Ideally located within walking distance to shops, restaurants, parks, public transit, and Carleton University, this well-maintained property combines character, functionality, and convenience in one of Ottawa's most desirable neighbourhoods. The main floor apartment features 2 bedrooms and 1 bathroom and is currently rented for $1,750/month + hydro. This unit offers updated flooring and kitchen, inside and rear access, as well as in-unit laundry with washer and dryer. The second floor apartment spans the second and third levels and is currently rented for $2,350/month + hydro. Offering 3 bedrooms, this spacious unit features a large living room with balcony access, updated 4-piece bathroom, laminate flooring, and a functional kitchen with in-unit laundry. The basement apartment offers excellent additional income potential with a projected market rent of approximately $1,500/month + hydro. This self-contained 1-bedroom unit includes an updated bathroom, renovated kitchen with eating area, living room, and in-unit laundry. A rare opportunity to own a versatile multi-unit property in a prime urban location with easy access to downtown, Lansdowne, Rideau Canal pathways, and everyday amenities. Some photos virtually staged. 24 hours notice, 24 hours irrevocable.
Sold data
Homes in Old Ottawa South took a median of 13 days to sell over the last 365 days, with the quickest quarter selling within 7 days and the slowest quarter taking more than 29, across 51 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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 15 days.
The median sale price was $949,900.
Homes sold for about 0.7% below asking on average, so there was room to negotiate.
About 35% of sales closed above the list price.
Around 14% of sellers reduced their price before finding a buyer.
Based on 51 recorded sales in the last 1 year — 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.
Currently for sale

$979,000
Multiplex158 ST ANDREW STREET, 4001 - Lower Town/Byward Market, Ottawa

$789,900
Multiplex298 MONTFORT STREET, 3402 - Vanier, Ottawa

$925,000
Multiplex1991 BANFF AVENUE, 3803 - Ellwood, Ottawa

$974,900
Multiplex64 BAYSWATER AVENUE, 4203 - Hintonburg, Ottawa

$959,900
Detached49 BAYSWATER AVENUE, 4203 - Hintonburg, Ottawa

$939,500
Detached9 MERSEY DRIVE, 9008 - Kanata - Morgan's Grant/South March, Ottawa

$959,000
Townhouse74 MICHAEL STOQUA STREET, 3104 - CFB Rockcliffe and Area, Ottawa

$1,069,900
Detached96 PUTMAN AVENUE, 3302 - Lindenlea, Ottawa