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For sale
Fourplex

522/524 Bay Street

$1,089,000
Ottawa, Ontario, K1R 6B5
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Overview

  • Updated On:
  • May 22 2025
  • MLS® Number
  • X12164246
  • 6 Bedrooms
  • 5 Bathrooms

Description

Attention savvy investors! Welcome to #522/524 Bay Street, an incredible opportunity to own a well-maintained fourplex in the heart of Centretown! Ideally located on a quiet cul-de-sac just steps from Bank Street, the Glebe and the downtown core. This low-maintenance building offers two bright and airy 2-bed units plus two generous 1-bed units, each with access to sprawling unfinished basement space and excellent storage. Tenants enjoy in-suite laundry, private outdoor spaces, and exceptional walkability to shops, restaurants, transit, and amenities. Uniquely versatile, this rare offering provides option to maintain the current 4-unit layout, owner occupy unit 1-524 as a pied-de terre, set your own rent with a future tenant or explore the option to sever the property into two parcels (each half of the building has its own water supply and sewer line). With stable tenants and minimal groundskeeping, this established income property is a healthy addition to any portfolio with a strong cap rate. Invest confidently in one of Ottawas most sought-after rental locations. Some photos virtually staged. 24 hours irrevocable on all offers. (id:57887)

Details

Price:
Price Info:
Property Type: Multi-family
Building Type: Fourplex
Storeys: 2
Neighbourhood: Chinatown

Features

Appliances
Dishwasher
Dryer
Hood Fan
Stove
Washer
Refrigerator
Cooling & Heating
Natural gas
Forced air
ExteriorFinish
Brick

Calculator

$ 5,583.52
per month
  • Principal and Interest
  • Property Tax
  • HOA fee
$ 4,222.27

Building Details

Bedroom
BedroomsAboveGround: 6
BedroomsTotal: 6
Bathroom
BathroomTotal: 5
HalfBathTotal: 1
Basement
BasementDevelopment: Unfinished
BasementType: Full (Unfinished)
Flooring
FlooringType: Tile
Size
SizeInterior: 3000 - 3500 sqft
Construction
Age: 100+ years
FoundationType: Stone
Utility
UtilityWater: Municipal water

Land Details

Acreage: No
Sewer: Sanitary Sewer
SizeDepth: 71 Ft
SizeFrontage: 40 Ft ,8 In
SizeIrregular: 40.7 X 71 Ft
SizeTotalText: 40.7 X 71 Ft
ZoningDescription: R4s

Room Details

Second level
Type Dimensions
Bathroom 1.96 m x 1.82 m
Kitchen 386 m x 2.41 m
Living Room 4.34 m x 3.04 m
Primary Bedroom 3.25 m x 2.56 m
Bedroom 2.35 m x 2.16 m
Bathroom 2.22 m x 1.72 m
Kitchen 4.34 m x 2.7 m
Living Room 4.4 m x 3.12 m
Primary Bedroom 3.31 m x 2.53 m
Bedroom 2 3.1 m x 2.15 m
Basement
Type Dimensions
Other 3 m x 3.21 m
Bathroom 1.93 m x 1.53 m
Laundry Room 6.47 m x 4.17 m
Other 3.76 m x 3.23 m
Utility Room 4.74 m x 9.83 m
Other 4.47 m x 4.07 m
Main level
Type Dimensions
Foyer 3.71 m x 2.12 m
Living Room 4.52 m x 4.43 m
Primary Bedroom 4.91 m x 2.66 m
Living Room 4.59 m x 4.73 m
Bathroom 2.12 m x 1.43 m
Kitchen 4.55 m x 4.1 m
Bathroom 1.98 m x 1.67 m
Kitchen 4.47 m x 4.08 m
Primary Bedroom 5.14 m x 2.72 m

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May 22 2025 02:54:32

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  • The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA.
  • The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.

The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA.

The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.

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