Multiplex · For sale

124-126 Irving Avenue, West Centre Town

$1,779,900

Listing brokerage: RE/MAX HALLMARK REALTY GROUP · MLS® X13838414

Property report for this address · zoning, second units, flood, schools (public records)

Listing brokerage

RE/MAX HALLMARK REALTY GROUP

Type

Multiplex

Deal

For sale

Category

Residential · Multi-unit homes

Bedrooms

10

Bathrooms

6

Size

3500-5000 sq ft

Lot

50 x 114.36 ft

Area

4203 - Hintonburg

MLS® number

X13838414

Description

Offered for the first time in nearly 50 years, this impressive three-storey, red-brick six-unit building presents a rare investment opportunity in the heart of Hintonburg. Lovingly maintained and thoughtfully updated, the property combines classic character, and significant improvements to major building systems. Unit features include hardwood floors, high ceilings, fireplaces, generous sized principal rooms, enclosed sunrooms, large west-facing rear patios providing valuable outdoor living space, and absolutely fantastic tenants. Extensive updates over the years include a complete electrical upgrade (2014-2022), all modern plumbing including stacks (mostly 2022), windows (mostly 2019+), architectural style roofing (2017-2019) and heating systems (2022), offering an excellent foundation for continued ownership. Ideally positioned just steps from Hintonburg's shops, restaurants, cafés and transit, the property benefits from an exceptional central location and strong tenant appeal. Gross income of $120,240, and expenses of $26,923, gives 124-126 Irving Avenue a strong CAP rate of 5.24% with room to increase. This is a rare opportunity to acquire a substantial multi-residential property in one of Ottawa's most desirable urban neighbourhoods. 2026 Fire Code Compliance Certificate will be made available to the buyer on or before closing.

Virtual tour