ON
Ottawa
K1L8A2
95 Barrette Street
95 Barrette Street, Ottawa, ON K1L8A2
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Listing Type
Multi Family
Listing Status
Active
23
$1,050,000

Home Details for 95 Barrette Street

Price
$1,050,000
Type
Residential Income
Bedrooms
6
Total Bathrooms
3
Listing #
X13061458
Property Description

Rare turnkey triplex in the heart of Ottawa's rapidly appreciating Vanier/Beechwood Village corridor. This meticulously maintained income property offers three fully tenanted units sharing a consistent layout across all floors, zero vacancy history, and exceptional long-term upside in one of the city's most sought-after emerging neighbourhoods - steps from vibrant Beechwood Avenue, Rockcliffe Park, and the Ottawa River pathways. With over $290,000 in confirmed capital investment since 2010, this is a property where the heavy lifting has already been done. Major improvements include a brand new high-efficiency boiler (2025), 90% of main cast iron pipes replaced with PVC (2026), full foundation waterproofing with sump pump and French drain system, roof in excellent condition (inspected and reflashed 2024), complete building refacing with Permacon and CanExcel cladding, new concrete front stairs, a fully redone interlock backyard and parking area, and a shed with individual storage lockers, dedicated electrical panel and new roofing. A lifetime pest control contract and updated appliances in all three units round out a truly turnkey asset. All units are occupied by excellent long-term tenants with zero tribunal history. Current gross annual income of $57,140 with significant upside as all three units are below market rent - stabilized market rents project to $72,300 annually. The property is zoned N4B[1322] H(11), permitting low-rise multi-unit development up to three storeys, offering compelling future redevelopment optionality in a neighbourhood where land values are rising. A patient investor acquires strong cash flow today and meaningful appreciation potential tomorrow. (id:31684)

Property Features
  • Heating Information
    • Natural Gas
    • Radiant
  • Cooling Information
    • None
  • Parking
    • Detached
Listing Courtesy: COLDWELL BANKER FIRST OTTAWA REALTY
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EXIT EXCEL REALTY, BROKERAGE
1550 Carling Ave. Suite 204, Ottawa, ON K1Z 8S8
Paul Dion
License #: 5030680
Sales Representative
Office
613 822 8999
Agent
613 293 3337
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