$ 3,999,000
122-124 Cobourg Street
122-124 Cobourg Street, Ottawa, ON K1N8H1 Photo 1
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122-124 Cobourg Street, Ottawa

This is a rare opportunity to acquire two neighboring, income-producing multi-family buildings on **one title** in Ottawa's historic Lowertown. Comprising 14 residential units (7 per building), this stabilized investment is ideally located just minutes from the ByWard Market, Rideau Centre, the University of Ottawa, and major government employment hubs. The majority of suites are in excellent condition, with only a few offering value-add potential through light cosmetic updates and rental optimization. Major capital improvements-including roofs, windows, electrical upgrades, and efficient electric heat pumps-have already been completed, helping minimize near-term capital expenditures. Positioned in one of Ottawa's most desirable urban rental markets, the property benefits from strong demand driven by students, young professionals, and government employees. An assumable CMHC-insured mortgage is available, and the property is held in a standalone corporation, presenting a compelling opportunity for investors seeking stable cash flow with long-term upside. (id:1945)
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Property details for 122-124 Cobourg Street, Ottawa

Type
Multi-family
Lot Size
33 x 165.66 FT
Heating
Baseboard heaters, Forced air
Cooling
Fully air conditioned
Annual Taxes
$34,765 (2025)

Nearby Listings Stat

Estimated price and comparable properties near 122-124 Cobourg Street

Active Listings
558
Min Price
$2,200
Max Price
$12,000,000
Avg Price
$823,460
Days on Market
77
days
Sold Listings
193
Min Sold Price
$99,000
Max Sold Price
$12,000,000
Avg Sold Price
$730,350
Days until Sold
84
days

Price History

Listed
March 5, 2026
by EXP REALTY
Current Price
$3,999,000
-5.9% from last change
Type
Multi-family
For Sale
Price Changes
2
Date Price Change
Current $3,999,000 $251,000 (-5.9%)
Jul 29, 2026 $4,250,000 $250,000 (-5.6%)
Apr 21, 2026 $4,500,000 Listed

Contact Agent Get in touch about 122-124 Cobourg Street, Ottawa

Marc Papineau
Marc Papineau
EXP REALTY

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