9 Beds 9 Bath

36 Ontario Street, Overbrook - Castleheights and Area, ON K1K 1L1

Overbrook - Castleheights and Area K1K 1L1 Ontario

MLS: X12450865

$2,199,999

Added 2 hours ago | For Sale

Listed by: REAL BROKER ONTARIO LTD.

About Property

Experience modern luxury and smart investing at 36 Ontario Street - a 2016-built triplex that pairs upscale design and finishes with $124K+ in annual rental income, all just steps from the Rideau River and minutes to downtown Ottawa. Tucked away on a quiet street just steps from the Rideau River, parks, and public transit and only minutes to downtown Ottawa - this property delivers both lifestyle appeal and investment value in a thriving up-and-coming area. Each unit showcases upscale finishes, including hardwood flooring, quartz countertops, custom kitchen cabinetry, 9-foot ceilings, and oversized windows that flood the interiors with natural light. The exterior is equally striking with a stone façade, four balconies, a garage, a rooftop patio that comfortably hosts 20+ guests and a modern exterior camera system for added security. Unit 1: 3 bedrooms, main-floor office, 3 full bathrooms, and exclusive rooftop access. Unit 2: 5 bedrooms plus den/office, 3.5 bathrooms, 3 separate entrances, and cold storage room. Unit 3: 4 bedrooms plus den, and 2.5 bathrooms.Currently generating $124,000+ in gross annual rent, this turnkey property offers stable cash flow with significant upside. Unit 2 presents a straightforward path to a fourplex conversion already roughed in for a kitchen and has a separate entrance. Looking ahead, the City of Ottawas proposed zoning bylaw changes - expanding permissions for three-storey buildings across more neighbourhoods create opportunities for professional office use or mixed-use redevelopment.With strong income, modern finishes, and flexible future potential, 36 Ontario Street is a rare opportunity in the heart of Ottawa.

Features

  • House Style:Triplex
  • Bathrooms:9
  • Land Size: 49.95 X 99.78
  • Water:Municipal
  • Garage Spaces: /Attached
  • Driveway:
  • Heating Fuel:Gas
  • Cross Street:Ontario Street and North River Road
  • Basement:Separate Entrance,Finished , Separate Entrance,Finished
  • Possession Date:TBD
  • Annual Property taxes: $16500
  • Bedrooms:9 +3
  • Total Parking Spaces:3
  • Parking Places:3
  • Heating Type:Forced Air
  • Pool Type:None
  • Exterior:
  • Direction Facing:North
  • Front Footage:
  • Listing ID:X12450865

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