124-126 Irving Avenue, Ottawa
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. (id:1945)
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Property details for 124-126 Irving Avenue, Ottawa
- Type
- Multi-family
- Bedrooms
- 10
- Bathrooms
- 6
- Lot Size
- 50 x 114.4 FT
- Stories
- 3
- Basement
- Unfinished, Full
- Parking
- No Garage
- Heating
- Radiant heat, Forced air, Natural gas
- Cooling
- None
- Exterior
- Brick
- Annual Taxes
- $12,779 (2025)
Nearby Listings Stat
Estimated price and comparable properties near 124-126 Irving Avenue
Active Listings
2
Min Price
$1,779,900
Max Price
$1,995,000
Avg Price
$1,887,450
Days on Market
49
days
Sold Listings
0
Min Sold Price
$N/A
Max Sold Price
$N/A
Avg Sold Price
$N/A
Days until Sold
N/A
days
Neighbourhood Census Data
Ottawa, Ontario
Population
741
Median Age
33.6
Median Income
$47,104
Dwelling Value
$501,132
Housing Tenure
Owners 32%
Renters 68%
Age Distribution
Dwelling Types
Commute Mode
Education Level
Housing Age
Commute Duration
Avg Household Size: 1.9
Pop. Density: 8,478.3/km²
Avg Shelter Cost: $1,572/mo
Owners with Mortgage: 48%
Owners Spending 30%+: 20%
Tenants Spending 30%+: 38.9%
English only: 49.3%
French only: 0.7%
English and French: 50%
Neither: 0.7%
Median Household Income: $68,096
Median Employment Income: $47,744
Price History
Listed
September 29, 2026
by RE/MAX HALLMARK REALTY GROUP
Current Price
$1,779,900
Type
Multi-family
For Sale
