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$3,200,000
Available - For Sale
Listing ID: X12178911
This is a rare investment opportunity featuring eight spacious and beautifully updated residential rental units, including a large single-family home attached to the main building. Situated on a massive lot with ample parking, this property offers exceptional cash flow with low operating costs thanks to no water bills (on well water), low property taxes, a brand new commercial-grade septic system, and separately metered, upgraded electrical throughout. Heating is fully electric and efficiently serviced by brand new heat pumps, with a backup gas furnace available for added security. Seven of the eight units have been renovated three in approximately 2021 and four in 2025 featuring bright, modern, and spacious interiors. The large main home offers tremendous upside with the potential to increase rents following tenant turnover. Located on one of the most desirable streets in the area, this property has incredible future development potential. With several long-term tenants in place, theres significant room for rent growth making this a prime candidate for a high-value refinance as leases turn over.The upside is real and its not priced in!
Price $3,200,000
Taxes: $13,982
Tax Type: Annual
Occupancy by: Tenant
Address: 6610 FOURTH LINE Road , Manotick - Kars - Rideau Twp and Area, K0A 2T0, Ottawa
Postal Code: K0A 2T0
Province/State: Ottawa
Legal Description: PT LT 90 PL 628 N GOWER; PT LT 91 PL 628
Lot Size: 50.79 x 122.17 (Feet)
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
Washroom 21 0
Washroom 22 0
Washroom 23 0
Washroom 24 0
Washroom 25 0
Category: Apartment
Use: Apts - 6 To 12 Units
Building Percentage: T
Total Area: .49
Total Area Code:  Acres
Financial Statement: F
Franchise: F
 Management Expense: 0
Maintenance: 0
Water Expense: $0
Expenses Actual/Estimated: $Est
Sprinklers: No
Heat Type: Gas Forced Air Open
Central Air Conditioning: Yes
Water: Drilled W
Water Supply Types: Drilled Well
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Asking Price: $ Heating: $ /Year  
Interest Rate: % Condo Fee: $ /Year
Taxes:   $ /Year Other Debt: $ /Year  
Amortization:     Years GDS: %
    TDS: %
Percent Down:
Down Payment $ $ $ $
First Mortgage $ $ $ $
CMHC/GE $ $ $ $
Total Financing $ $ $ $
Monthly P&I $ $ $ $
Expenses $ $ $ $
Total Payment $ $ $ $
Income Required $ $ $ $

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Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
EXP REALTY

6610 FOURTH LINE Road , Manotick - Kars - Rideau Twp and Area, K0A 2T0, Ottawa


 
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At a Glance:
Type: Com - Investment
Area: Ottawa
Municipality: Manotick - Kars - Rideau Twp and Area
Neighbourhood: 8009 - North Gower
Style:
Lot Size: 50.79 x 122.17(Feet)
Approximate Age:
Tax: $13,982
Maintenance Fee: $0
Beds: 0
Baths: 0
Garage: 0
Fireplace: N
Air Conditioning:
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