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$2,990,000
Available - For Sale
Listing ID: X12767868
Institutional-quality, cash-flow-positive investment offering long-term stability with embedded upside. This mostly renovated multi-unit asset has been thoughtfully upgraded to support predictable income, low operating risk, and strong tenant retention. Five units have been renovated within the past two years, two additional units within the past five years, while the attached three-bedroom residence remains largely unrenovated, presenting a clear and controllable value-add opportunity through modernization and rent repositioning.The property is engineered to run lean. A commercial-grade septic system and new septic bed, completed within the last two years, paired with upgraded electrical infrastructure and full separate metering, ensures operating efficiency while pushing utility costs directly to tenants. A new private well eliminates water expenses entirely, and the absence of municipal services results in consistently low property taxes, materially strengthening net operating income and long-term yield.Operational stability is further enhanced by a long-term tenant occupying the attached residence who also serves as an on-site caretaker. In exchange for below-market rent, this tenant provides snow removal, lawn care, routine maintenance, and minor repairs - services not reflected in operating expenses - effectively stabilizing cash flow and reducing management exposure without increasing overhead. Four units are wheelchair accessible, offering a durable competitive advantage in a market with an aging demographic and limited accessible housing supply. These units remain in high demand, support strong tenant quality, and contribute to low vacancy and turnover. The building is well maintained, tenanted by clean, long-term occupants, and requires no immediate capital expenditures. This asset delivers reliable income today with measured upside tomorrow, making it ideal for investors seeking strong in-place cash flow, low expense ratios.
Price $2,990,000
Taxes: $13,982
Tax Type: Annual
Assessment Year: 2025
Occupancy by: Tenant
Address: 6610 FO Fourth Line Road , Manotick - Kars - Rideau Twp and Area, K0A 2T0, Ottawa
Postal Code: K0A 2T0
Province/State: Ottawa
Directions/Cross Streets: 417W to 416S exit towards 401, take exit 49 for Ottawa regional road, turn right on Roger Stevens Dr
No. of Pieces Level
Washroom 1:  0
Washroom 2:  0
Washroom 3:  0
Washroom 4:  0
Washroom 5:  0
Washroom 6:  0
Washroom 7:  0
Washroom 8:  0
Washroom 9:  0
Washroom 10:  0
Washroom 11:  0
Washroom 12:  0
Washroom 13:  0
Washroom 14:  0
Washroom 15:  0
Washroom 16:  0
Washroom 17:  0
Washroom 18:  0
Washroom 19:  0
Washroom 20:  0
Category: Apartment
Use: Apts - 6 To 12 Units
Building Percentage: T
Total Area: 4,050
Total Area Code:  Square Feet
Maintenance: 0
Expenses Actual/Estimated: $Est
Heat Type: Electric Hot Water
Central Air Conditioning: Yes
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EXP REALTY

6610 FO Fourth Line Road , Manotick - Kars - Rideau Twp and Area, K0A 2T0, Ottawa

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Maria Tompson
Sales Representative
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Type: Com - Investment
Area: Ottawa
Municipality: Manotick - Kars - Rideau Twp and Area
Neighbourhood: 8009 - North Gower
Style:
Lot Size: x 122.17(Feet)
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Tax: $13,982
Maintenance Fee: $0
Beds: 0
Baths: 0
Garage: 0
Fireplace: N
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Personal Pic Maria Tompson Sales Representative Re/Max Example Inc, Brokerage Independently owned and operated. pic Cell: 416-548-7854 | Office: 416-548-7854
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Maria Tompson
Sales Representative
Re/Max Example Inc, Brokerage
Independently owned and operated.
support@bestforagents.com

 

 

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