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$ 899,000
Est. payment /mo
New
176 ARLINGTON AVENUE Ottawa, ON K1R5S7
8 Beds
4 Baths
2,000 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,000 sqft
Price per Sqft $449
Subdivision 4103 - Ottawa Centre
MLS® Listing ID X12199278
Bedrooms 8
Half Baths 1
Source Ottawa Real Estate Board
Property Description
An exceptional investment opportunity in the heart of Centretown, 176 Arlington Avenue is a spacious duplex with two well-appointed units, each with their own individual laundry, ideally situated two blocks from Bank St. Unit A is a 2 + 1 bed apartment built over the main and lower levels, featuring a private entrance, character-rich finishes, and an efficient layout. The living area boasts a large picture window, and the eat-in kitchen includes extended cabinetry, plenty of counter space, and a full stainless steel sink. 2 bright bedrooms, one with private exterior access, offer flexibility for families, home offices, or additional living spaces. A full bathroom on the main level and a basement with laundry, a powder room, and storage complete this inviting and functional unit. Unit B, spanning the second and 3rd levels offers a unique and thoughtfully separated layout. The first level of the unit includes 3 bedrooms, one with a built-in desk nook and another with direct access to a front-facing balcony. The living space with wide-plank vinyl flooring is found just off the modern kitchen with wood cabinetry, a hex tile backsplash, and ample prep space. Before heading up to the top level, you'll pass a stylish 3-piece bath with a walk-in shower. On the top floor of the property, 2 more cozy bedrooms feature sloped ceilings, parquet-style flooring, and generous closet space, while a second 4-piece bath provides added convenience. The property sits on a deep lot with mature greenery, and each unit benefits from private entrances and defined spaces - ideal for multi-tenant configurations or live-in owners seeking supplemental income. Steps to transit, cafes, parks, and the upcoming redevelopment of the old Greyhound station. This is an investment in an area with intense densification planned, poised for long-term growth in one of Ottawa's most dynamic neighbourhoods. Total monthly rental income: $4,750 & NOI of $3,462.83/mo (utilities & taxes). HUGE UPSIDE IN RENTS! (id:24570)
Location
Province ON
Rooms
Kitchen 0.0
Interior
Heating Forced air
Exterior
Parking Features Yes
Community Features Community Centre, School Bus
View Y/N No
Total Parking Spaces 4
Private Pool No
Building
Story 2.5
Sewer Sanitary sewer
Listed by ENGEL & VOLKERS OTTAWA