Welcome to 59 Concord Street - a rare opportunity to acquire a purpose-built fourplex in the heart of Sandy Hill, steps to the University of Ottawa and the Rideau Canal. Built in 2016, this Class A, fully stabilized asset sits in one of Ottawa's strongest and most consistent rental corridors.The property consists of four identical 4-bedroom, 2-bathroom units, purpose-designed to maximize rental income and tenant demand. Each suite features dark hardwood flooring, durable tile and vinyl surfaces, and open-concept layouts filled with natural light. Contemporary kitchens showcase two-toned cabinetry, granite countertops, stainless steel appliances, and oversized center islands with breakfast bars overlooking spacious living and dining areas.Every unit is equipped with in-suite laundry, independent HVAC systems (furnace and A/C), tankless hot water tanks, video intercom entry, fob access, and enhanced soundproofing between units - a premium feature that reduces turnover and increases tenant satisfaction. The building also offers secure keypad entry and 24/7 video surveillance, reinforcing safety and long-term tenant appeal.Four identical units. Units come fully furnished. Offered all inclusive, water, gas, hydro. Fully tenanted. The turnkey nature of this asset ensures minimal operational complexity and strong tenant retention.Located within walking distance to the ByWard Market, Parliament Hill, and major transit routes, this is a high-demand micro-location with consistent rental performance driven by proximity to the University of Ottawa and downtown employment hubs.Strong financial profile with an NOI of $105,500.30 at a 4.5% cap rate. A clean, modern, income-producing asset built right, positioned right, and engineered for long-term performance - an exceptional addition to any serious investor's portfolio.
Details
X12782236
0
$2,350,000
Tenant
None
3 + 3
3-Storey
12 + 4
8
3500-5000 Sqft
N/A SquareFeet
6-15
Fourplex
Sale
Additional details
Forced Air / Gas
R4U
$15509
2025
PT LT 5, PL 48 , PART 2 , 5R5110 , E CONCORD ST ; OTTAWA/NEPEAN
N/A
N
Full,Finished
Central Air
Public Transit
Municipal
Rooms
Kitchen
Main Level
3.04 x 3.65
Living Room
Main Level
3.04 x 2.43
Bedroom
Main Level
3.04 x 3.65
Bedroom 2
Main Level
3.04 x 3.65
Bedroom 3
Main Level
3.04 x 3.65
Bedroom 4
Main Level
3.04 x 3.65
Schools Nearby
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FAQ
What is the total square footage of the X12782236 - 59 Concord Street N, Glebe - Ottawa East and Area, ON K1S 0Y5?
The total square footage of this property is 3500-5000 SqFt.
What schools near to X12782236 - 59 Concord Street N, Glebe - Ottawa East and Area, ON K1S 0Y5?