978 Admiral Avenue, Ottawa
Fully rented and generating immediate cash flow, this turnkey investment property features two self contained 1 bedroom, 1 bathroom units, with Unit A rented for $1,950/month and Unit B rented for $1,800/month, providing stable income from day one. Beautifully renovated and meticulously maintained, this versatile property offers exceptional value and long term potential in one of Ottawa's most connected and sought after neighborhoods. Designed to appeal to today's tenants, both units have been thoughtfully updated, minimizing future maintenance and maximizing rental appeal. Beyond the current income stream, new zoning bylaws may present future development opportunities, making this not only a strong cash flowing asset but also a strategic long term investment. Professionals and healthcare workers are consistently drawn to the unbeatable location, just steps from the Civic Hospital and the iconic Experimental Farm. Commuting is effortless with quick access to Highway 417, while nearby cycling paths and green spaces support an active urban lifestyle. On weekends, tenants can enjoy the vibrant cafés, restaurants, and amenities of Little Italy or spend time along the scenic shores of Dows Lake. Low maintenance, fully tenanted, and positioned in a thriving urban corridor, this is a rare opportunity to acquire a high performing Ottawa investment property with immediate income and future upside. Photos were taken prior to currents tenants. Some photos have been virtually staged. (id:1945)
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Property details for 978 Admiral Avenue, Ottawa
- Type
- Residential
- Bedrooms
- 2
- Bathrooms
- 2
- Lot Size
- 25 x 100 FT
- Stories
- 2
- Basement
- None
- Parking
- No Garage
- Heating
- Baseboard heaters, Electric
- Cooling
- None
- Exterior
- Vinyl siding
- Ownership
- Freehold
- Annual Taxes
- $3,371
Nearby Listings Stat
Estimated price and comparable properties near 978 Admiral Avenue
Active Listings
35
Min Price
$349,000
Max Price
$999,000
Avg Price
$554,491
Days on Market
49
days
Sold Listings
17
Min Sold Price
$349,900
Max Sold Price
$1,065,000
Avg Sold Price
$560,776
Days until Sold
47
days
Neighbourhood Census Data
Ottawa, Ontario
Population
462
Median Age
36.7
Median Income
$36,352
Dwelling Value
$349,034
Housing Tenure
Owners 68%
Renters 32%
Age Distribution
Dwelling Types
Commute Mode
Education Level
Housing Age
Commute Duration
Avg Household Size: 2.3
Pop. Density: 2,753.3/km²
Avg Shelter Cost: $1,331/mo
Owners with Mortgage: 64%
Owners Spending 30%+: 16%
Tenants Spending 30%+: 33.3%
English only: 59.1%
French only: 1.1%
English and French: 36.6%
Neither: 1.1%
Median Household Income: $69,291
Median Employment Income: $35,264
Price History
Listed
August 12, 2026
by PAUL RUSHFORTH REAL ESTATE INC.
Current Price
$579,900
Type
Residential
For Sale
Contact Agent Get in touch about 978 Admiral Avenue, Ottawa
Angela (Angie) White
PAUL RUSHFORTH REAL ESTATE INC.
