Purpose-built FOURPLEX on a 66' x 99' lot with N4B H zoning (formerly R4UD). This property offers both strong in-place income and excellent future development potential. This well-maintained property features four fully occupied residential units - two one-bedroom and two two-bedroom suites-plus a separately rented garage/warehouse currently used for storage, with flexibility for alternative uses such as a studio, loft-style space, or traditional parking. The building provides multiple income streams and tenant-friendly amenities, including designated parking for all tenants, storage lockers, coin-operated laundry, a utility room, and a convenient common powder room, for an annual total income of $90,600.00 (Cap rate of 5.5%). Outdoor spaces include an upper deck and a private front garden patio with lattice screening, reflecting pride of ownership throughout this long-held asset. Key updates include thermopane windows (2006 with some windows also replaced within last 5 years), flat roof (2006, with metal roof on garage), fire retrofit (2010), and an owned boiler with water storage tank (2015). The property is fully upgraded with a 100 AMP breaker panel, additional fuse panel, and no knob-and-tube wiring. Offering an ideal location at the corner of Vanier Parkway and Montreal Road, tenants love to be centrally located just steps from downtown Ottawa. The property offers easy access to shopping, transit, schools, parks, and recreational amenities, making it highly attractive to tenants. The downtown core is easily reachable by foot, bike, car, or public transit. INCLUDES: 4 fridges, 4 stoves, 2 hood fans, 1 microwave/hood fan, 1 dishwasher, 1 coin-operated washer, 1 coin-operated dryer, owned boiler, and 6 hydro meters. Note: 48-hour irrevocable required on all offers.
Address
213 Desrosiers Street
List Price
$1,199,900
MLS® Status
Price Change
Property Type
Residential Freehold
Type of Dwelling
Fourplex
Style of Home
2-Storey
Transaction Type
Sale
Area
Vanier and Kingsview Park
Sub-Area
3402 - Vanier
Region
Ottawa
Bedrooms
6
Bedrooms (Total)
6
Rooms Above Grade
18
Bathrooms
5
Floor Area
3000-3500 Sq. Ft.
Lot Size Source
MPAC
Lot Depth
99
Lot Size Units
Feet
Lot Width
66
Parcel Number
042330242
Occupant Type
Tenant
Cross Street
From the intersection of Vanier Parkway and Montreal Road, head north on Vanier Parkway. Take your first left onto Deschamps Avenue, then turn left again onto Desrosiers Avenue
MLS® Number
X13742218
Listing Brokerage
ROYAL LEPAGE TEAM REALTY
Basement Area
None
Postal Code
K1L 7T2
Posession Details
Flexible
Parking
Reserved/Assigned
Parking Places (Total)
6
Parking Spaces
4
Tax Amount
$5,988.00
Tax Year
2025
Site Influences
Deck, Patio
Exterior Features
Deck, Patio
Interior Features
None
Central Vacuum
No
Family Room
No
Elevator
No
Ensuite Laundry
No
Special Designation
Unknown
Standard Status
Active
Board Or Association
Ottawa Real Estate Board
Heat Source
Gas
Heat Type
Radiant
Cooling Features
None
Construction Materials
Stucco (Plaster), Other
Direction Faces
North
Fireplace
No
Foundation Details
Concrete
Garage
Yes
Garage Type
Detached
Covered Spaces
2
Kitchens Total
4
Kitchens Above Grade
4
Pool Features
None
Roof
Flat
Tax Legal Description
LT 11, BLK C, PL 113 , E/S ANN ST ; VANIER/GLOUCESTER
Waterfront
No
Sewer
Sewer