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60 COBOURG STREET, Ottawa, Ontario, K1N 8G8

MLS® # X12818632
new listing
Investment For Sale In Lowertown, Ottawa, Ontario
$6,799,000
60 Cobourg Street, Ottawa, ON - Outdoor With View
60 Cobourg Street, Ottawa, ON - Indoor Photo Showing Other Room
60 Cobourg Street, Ottawa, ON - Indoor
60 Cobourg Street, Ottawa, ON - Indoor Photo Showing Living Room
60 Cobourg Street, Ottawa, ON - Indoor Photo Showing Living Room
60 Cobourg Street, Ottawa, ON - Indoor Photo Showing Kitchen
60 Cobourg Street, Ottawa, ON - Indoor
60 Cobourg Street, Ottawa, ON - Indoor Photo Showing Bedroom
60 Cobourg Street, Ottawa, ON - Outdoor With Exterior
60 Cobourg Street, Ottawa, ON - Indoor Photo Showing Other Room
60 Cobourg Street, Ottawa, ON - Indoor Photo Showing Other Room
60 Cobourg Street, Ottawa, ON - Indoor Photo Showing Bedroom
60 Cobourg Street, Ottawa, ON - Indoor Photo Showing Bedroom
60 Cobourg Street, Ottawa, ON - Indoor Photo Showing Living Room
60 Cobourg Street, Ottawa, ON - Indoor Photo Showing Dining Room
60 Cobourg Street, Ottawa, ON - Indoor Photo Showing Living Room
60 Cobourg Street, Ottawa, ON - Indoor Photo Showing Living Room
60 Cobourg Street, Ottawa, ON - Indoor Photo Showing Kitchen
60 Cobourg Street, Ottawa, ON - Indoor Photo Showing Other Room
60 Cobourg Street, Ottawa, ON - Indoor Photo Showing Other Room
60 Cobourg Street, Ottawa, ON - Indoor
60 Cobourg Street, Ottawa, ON - Indoor
60 Cobourg Street, Ottawa, ON - Indoor
60 Cobourg Street, Ottawa, ON - Indoor Photo Showing Kitchen
60 Cobourg Street, Ottawa, ON - Indoor Photo Showing Kitchen
60 Cobourg Street, Ottawa, ON - Indoor
60 Cobourg Street, Ottawa, ON - Indoor Photo Showing Bathroom
60 Cobourg Street, Ottawa, ON - Outdoor
60 Cobourg Street, Ottawa, ON - Indoor Photo Showing Dining Room
60 Cobourg Street, Ottawa, ON - Indoor Photo Showing Other Room
60 Cobourg Street, Ottawa, ON - Indoor Photo Showing Bedroom
60 Cobourg Street, Ottawa, ON - Indoor Photo Showing Other Room
60 Cobourg Street, Ottawa, ON - Indoor Photo Showing Bathroom
60 Cobourg Street, Ottawa, ON - Indoor Photo Showing Laundry Room
60 Cobourg Street, Ottawa, ON - Outdoor With View
60 Cobourg Street, Ottawa, ON - Outdoor With View
60 Cobourg Street, Ottawa, ON - Outdoor With View
60 Cobourg Street, Ottawa, ON - Indoor Photo Showing Other Room
60 Cobourg Street, Ottawa, ON - Indoor
60 Cobourg Street, Ottawa, ON - Indoor Photo Showing Living Room
60 Cobourg Street, Ottawa, ON - Indoor Photo Showing Living Room
60 Cobourg Street, Ottawa, ON - Indoor Photo Showing Kitchen
60 Cobourg Street, Ottawa, ON - Indoor
60 Cobourg Street, Ottawa, ON - Indoor Photo Showing Bedroom
60 Cobourg Street, Ottawa, ON - Outdoor With Exterior
60 Cobourg Street, Ottawa, ON - Indoor Photo Showing Other Room
60 Cobourg Street, Ottawa, ON - Indoor Photo Showing Other Room
60 Cobourg Street, Ottawa, ON - Indoor Photo Showing Bedroom
60 Cobourg Street, Ottawa, ON - Indoor Photo Showing Bedroom
60 Cobourg Street, Ottawa, ON - Indoor Photo Showing Living Room
60 Cobourg Street, Ottawa, ON - Indoor Photo Showing Dining Room
60 Cobourg Street, Ottawa, ON - Indoor Photo Showing Living Room
60 Cobourg Street, Ottawa, ON - Indoor Photo Showing Living Room
60 Cobourg Street, Ottawa, ON - Indoor Photo Showing Kitchen
60 Cobourg Street, Ottawa, ON - Indoor Photo Showing Other Room
60 Cobourg Street, Ottawa, ON - Indoor Photo Showing Other Room
60 Cobourg Street, Ottawa, ON - Indoor
60 Cobourg Street, Ottawa, ON - Indoor
60 Cobourg Street, Ottawa, ON - Indoor
60 Cobourg Street, Ottawa, ON - Indoor Photo Showing Kitchen
60 Cobourg Street, Ottawa, ON - Indoor Photo Showing Kitchen
60 Cobourg Street, Ottawa, ON - Indoor
60 Cobourg Street, Ottawa, ON - Indoor Photo Showing Bathroom
60 Cobourg Street, Ottawa, ON - Outdoor
60 Cobourg Street, Ottawa, ON - Indoor Photo Showing Dining Room
60 Cobourg Street, Ottawa, ON - Indoor Photo Showing Other Room
60 Cobourg Street, Ottawa, ON - Indoor Photo Showing Bedroom
60 Cobourg Street, Ottawa, ON - Indoor Photo Showing Other Room
60 Cobourg Street, Ottawa, ON - Indoor Photo Showing Bathroom
60 Cobourg Street, Ottawa, ON - Indoor Photo Showing Laundry Room
60 Cobourg Street, Ottawa, ON - Outdoor With View
60 Cobourg Street, Ottawa, ON - Outdoor With View
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60 COBOURG STREET, Ottawa, Ontario, K1N 8G8
$6,799,000

Property Information:

Welcome to an exceptional investment opportunity in one of downtown's most sought-after rental neighbourhoods, Lower Town. This impeccably maintained 26-unit building offers bright, spacious apartments, a strong and established tenant-base with consistent occupancy, strategic building upgrades, and valuable R5 H(18) F(2.0) zoning. Located prominently at the corner of Clarence Street East and Cobourg Street, 60 Cobourg Street comprises 22 apartment units in the main building, along with four townhouse-style units featuring private entrances on Clarence Street East. All 26 units were comprehensively upgraded in 2011, featuring a cohesive design with hardwood flooring and matching kitchens equipped with dishwashers, with the roof, windows, electrical and domestic plumbing also fully replaced in 2011. The common hallways are designed to blend the building's original character with an elevated, upscale aesthetic. Updated hallways feature fresh paint, LED lighting, and tasteful artwork, creating a warm and welcoming atmosphere for residents. The property is ideally situated just steps from the many amenities of Rideau Street, a short walk to the University of Ottawa campus, and directly serviced by public transit at the front door. MacDonald Gardens Park is located directly across the street, an ideal green space for tenants, further enhancing the appeal of the location.Thanks to its prime setting and meticulous upkeep, the property has historically re-rented easily and efficiently to qualified applicants, primarily young professionals; resulting in a consistently fully-tenanted rent roll. The unit-mix includes two bachelor units, seven one-bedroom units, six one-bedroom plus den units, ten two-bedroom units, and one three-bedroom unit. Additional features include three newer card-operated stackable laundry machines, providing tenants with the convenience of on-site laundry while generating reliable income for the owner. Attractive upside potential on current rent roll. (id:27)

Building Features:

  • Style: Multiplex
  • Building Type: Multi-Family
  • Floor Space: 19450 sqft
  • Heating Type:
  • Cooling Type: None
  • Appliances: Dishwasher, Dryer, Washer

Property Features:

  • Property Type: Multi-family
  • Floor Space (approx): 19450 Square Feet
  • Irregular: Yes
  • Lot Depth: 66.5 Feet
  • Lot Frontage: 98.2 Feet
  • Lot Size: Bldg=98.25 x 66.5 FT
  • Zoning: R5LH(18)F(2.0)

Courtesy of: CAPITAL COMMERCIAL INVESTMENT CORP.

REALTOR.ca  

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Location of 60 COBOURG STREET, Ottawa, Ontario, K1N 8G8

Demographic Information of 60 COBOURG STREET, Ottawa, Ontario, K1N 8G8

Life Stage

Young Singles

Employment Type

Service Sector/White Collar

Average Household Income

$122,292.27

Average Number of Children

1.58

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

13.91 %

High school certificate or equivalent

19.18 %

Apprenticeship trade certificate/diploma

3.39 %

College/non-university certificate

13.59 %

University certificate (below bachelor)

3.34 %

University Degree

46.58 %

Commuter

Travel To Work

By Car

49.58 %

By Public Transit

21.94 %

By Walking

18.45 %

By Bicycle

2.42 %

By Other Methods

7.6 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

78.05 %

Houses

21.95 %

Own Vs. Rent

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