978 ADMIRAL AVENUE
Ottawa, Ontario
MLS® X13666060
$579,900
- Status
- Active
- Property type
- House
- MLS® number
- X13666060
- Bedrooms
- 2
- Bathrooms
- 2
- Year built
- —
Listing description
Fully rented and generating immediate cash flow, this turnkey investment property features two self contained 1 bedroom, 1 bathroom units, with Unit A rented for $1,950/month and Unit B rented for $1,800/month, providing stable income from day one. Beautifully renovated and meticulously maintained, this versatile property offers exceptional value and long term potential in one of Ottawa's most connected and sought after neighborhoods. Designed to appeal to today's tenants, both units have been thoughtfully updated, minimizing future maintenance and maximizing rental appeal.
Beyond the current income stream, new zoning bylaws may present future development opportunities, making this not only a strong cash flowing asset but also a strategic long term investment. Professionals and healthcare workers are consistently drawn to the unbeatable location, just steps from the Civic Hospital and the iconic Experimental Farm. Commuting is effortless with quick access to Highway 417, while nearby cycling paths and green spaces support an active urban lifestyle.
On weekends, tenants can enjoy the vibrant cafés, restaurants, and amenities of Little Italy or spend time along the scenic shores of Dows Lake. Low maintenance, fully tenanted, and positioned in a thriving urban corridor, this is a rare opportunity to acquire a high performing Ottawa investment property with immediate income and future upside. Photos were taken prior to currents tenants.
Some photos have been virtually staged.
Property summary
- MLS® number
- X13666060
- Property type
- Single Family
- Building type
- House
- Title
- Freehold
- Land size
- 25 x 100 FT
- Annual property taxes
- $3,371.03
- Parking
- 2 spaces · No Garage
- Days on market
- 50 days
Features & details
- Heating
- Baseboard heaters, Electric
- Cooling
- None
- Basement
- None
- Appliances
- Dishwasher, Dryer, Microwave, Hood Fan, Two stoves, Two Washers, Two Refrigerators
- Exterior features
- Vinyl siding
What would this home cost you?
Based on the $579,900 asking price at a 5.00% example rate, semi-annual compounding.
Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.
Listing courtesy of PAUL RUSHFORTH REAL ESTATE INC., OTTAWA.
The listing data displayed here is provided in part by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®) and is drawn from Boards and Associations across Canada. Information is deemed reliable but is not guaranteed accurate by CREA. The listings are held by brokerages other than Renanza Realty unless otherwise noted.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.