152 Goulburn Avenue

Lower Town - Sandy Hill, ON

3,520 sqft
Investment
255 days on market

$2,175,000

Turnkey prime investment opportunity. Purpose-built legal 6 unit multifamily in the heart of Sandy Hill. Very desirable rental market neighbourhood walking distance to Ottawa University. Stately all brick building. GOI $138, 257. Expenses $29,689. NOI $108,568. Currently offering at a 5% cap rate. Well maintained. Provides steady returns. Never a vacancy. Cooperative tenants. 2 one bedroom units, 2 two bedroom units and 2 three bedroom units. Very spacious units with eat-in kitchens and large living rooms. 5 units have a washer and dryer. Also included: 6 fridges, 6 stoves, hood fans and 6 hot water tanks. 5 parking spaces behind the building. Currently only two are rented. Updates include: Repaired foundation masonry/repair foundation spray foam in 2025 ($5200), Replaced boiler venting in 2024 ($3978), New washer/dryer in Unit 5 in 2023($1604), Full patch and paint for Unit 2 in 2022 ($1700), Added attic insulation in 2020 ($2316), Flushed, reamed and installed liner on main plumbing stack to City connection in 2017 ($6600), New front first floor windows 2016, Appliances between 2011-2016, Apt 5 completely renovated in 2015, Front porch/balcony 2012 & 2016, Roof 2011, Copper wiring 2011, Natural gas boiler 2006 and many more minor improvements. Walking distance to UOttawa LRT Station, the Rideau Centre, ByWard Market, Strathcona Park, Rideau River, etc. Financials, 2025 Fire report and rent roll attached. 24 hours notice is required for showings.

Listing Details

Taxes (2025): $11,645
Listed: December 27, 2025

Price History

Listing history

Property

Lot Size: 40.33 x 100 Feet

Parking

Garage: None

Location & Legal

Cross Street: Goulburn Avenue & Somerset Street E
Zoning: R4H[480], Unassigned
Parcel Number: 042060073
Possession: Immediate
Occupancy: Tenant

Commercial

Business Type: Apts - 6 To 12 Units

Included

Inclusions: 5 Washers, 5 Dryers, 6 Fridges, 6 Stoves, 1 hood fan
Exclusions: Tenants belongings.
Rental Items: 6 hot water tanks

Community

Postal area K1N

Population: 26,639
Private dwellings: 17,122
Median age: 34
Average household size: 1.8
Median household income: $64,000

Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.

Local market

Commercial in Lower Town - Sandy Hill · last 12 months

Median sold price: $474,000
Homes sold: 220
Median days on market: 34
Sale-to-list price: 96.7%

Based on 220 recorded sales of commercial properties in Lower Town - Sandy Hill over the last 12 months.

Listed by

MARILYN WILSON DREAM PROPERTIES INC.

Walk Score

Walk Score is unavailable for this address right now.

Location

Street View

Commercial figures

Building area: 3,520 sq ft
Price per sq ft: $617.90
Annual property tax: $11,645
Tax per sq ft: $3.31

Derived from the listing's own figures. Taxes are as reported by the listing brokerage and may be a prior year.

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