124-126 Irving Avenue,Ottawa, ON K1Y1Z4
Ottawa, ON K1Y1Z4
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. (id:13843)
Details
| MLS # | X13838414 |
|---|---|
| Listing Type | For Sale |
| Status | Active |
| Days On Site | 31 |
| Listing Provided By | RE/MAX HALLMARK REALTY GROUP | Dan Horan |
Features
| Bed(s) | 10 |
|---|---|
| Bath(s) | 6 Total |
| SQ Feet | 3,500 |
| Basement | Y |
| Story(s) | 3 |
Interior
| Cooling | None |
|---|---|
| Heating | Radiant heat, Forced air, Natural gas |
| Appliances | Washer, Refrigerator, Stove, Dryer |
| Fireplace Yes / No | Yes |
| Fireplaces Total | 2 |
Exterior
| Lot Features | Carpet Free |
|---|---|
| Foundation Details | Stone |
Parking
| Parking Features | No Garage |
|---|---|
| Parking Total | 5 |
Utilities
| Sewer | Sanitary sewer |
|---|---|
| Water Source | Municipal water |
Taxes
| Tax Annual Amount | 12779 |
|---|---|
| Tax Year | 2025 |
Area Information
| Province | ON |
|---|---|
| City | Ottawa |
| Postal Code | K1Y1Z4 |
| Listing VS Median (in K1Y1Z4) | |
Price: $1,779,900 low | high Med: $1,779,900 sqft: 3,500 low | high Med: 4,608 $ / sqft: $509 low | high Med: $410 On site: 31 low | high Med: 31 | |
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Learn More About This Property
| Province | ON |
|---|---|
| City | Ottawa |
| Postal Code | K1Y1Z4 |
| Listing VS Median (in K1Y1Z4) | |
Price: $1,779,900 low | high Med: $1,779,900 sqft: 3,500 low | high Med: 4,608 $ / sqft: $509 low | high Med: $410 On site: 31 low | high Med: 31 | |
 | $1,990,000559 Parkdale AvenueOttawa, ON K1Y1H9 |
