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$ 1,089,000
Est. payment /mo
New
522/524 Bay ST Ottawa Centre, ON K1R 6B5
6 Beds
5 Baths
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 3000-3500
Subdivision 4103 - Ottawa Centre
MLS Listing ID X12164246
Style 2-Storey
Bedrooms 6
Building Age 100+
Annual Tax Amount $11,303
Tax Year 2024
Property Sub-Type Fourplex
Property Description
Attention savvy investors! Welcome to #522/524 Bay Street, an incredible opportunity to own a well-maintained fourplex in the heart of Centretown! Ideally located on a quiet cul-de-sac just steps from Bank Street, the Glebe and the downtown core. This low-maintenance building offers two bright and airy 2-bed units plus two generous 1-bed units, each with access to sprawling unfinished basement space and excellent storage. Tenants enjoy in-suite laundry, private outdoor spaces, and exceptional walkability to shops, restaurants, transit, and amenities. Uniquely versatile, this rare offering provides option to maintain the current 4-unit layout, owner occupy unit 1-524 as a pied-de terre, set your own rent with a future tenant or explore the option to sever the property into two parcels (each half of the building has its own water supply and sewer line). With stable tenants and minimal groundskeeping, this established income property is a healthy addition to any portfolio with a strong cap rate. Invest confidently in one of Ottawas most sought-after rental locations. Some photos virtually staged. 24 hours irrevocable on all offers.
Location
Province ON
County Ottawa
Community 4103 - Ottawa Centre
Area Ottawa
Rooms
Family Room No
Basement Full, Unfinished
Kitchen 4
Interior
Interior Features None
Cooling None
Fireplace No
Heat Source Gas
Exterior
Exterior Feature Patio, Porch
Parking Features None
Pool None
Roof Type Tar and Gravel,Asphalt Rolled
Lot Frontage 40.67
Lot Depth 71.0
Building
Foundation Stone
Others
ParcelsYN No
Listed by ROYAL LEPAGE PERFORMANCE REALTY