329 Richelieu Avenue
Vanier and Kingsview Park, ON
3,620 sqft • Investment • 148 days on market
Discover this well-maintained 7-unit multifamily building just minutes from the heart of Ottawa, offering steady cash flow and upside potential. This turnkey investment combines solid tenants, attractive unit mix, and a desirable neighborhood with high demand for rental housing. The prime location is walkable to transit, schools, parks, shopping, dining, and cultural amenities, and is within close proximity to the University of Ottawa. Unit mix is comprised of four 2-bedrooms, two 1-bedrooms and one bachelor. All units are in excellent condition, with two of the units completely renovated in spring 2024, and two others upgraded in the past few years. Onsite laundry is available for tenant convenience and an additional source of income. The property also features an outdoor patio are for tenant enjoyment. Major upgrades include a high-efficiency gas hot water boiler furnace (2018) and main sewer line replacement (2021) from the basement to the city connection.
Listing Details
- Taxes (2025)
- $12,813
- Listed
- March 30, 2026
Price History
Listing history
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Property
- Lot Size
- 42.5 x 90 Feet
Location & Legal
- Cross Street
- Montreal Rd. / Mona Ave.
- Zoning
- R4B
- Parcel Number
- 042390147
- Possession
- Flexible
Commercial
- Occupancy
- Tenant
Included
- Inclusions
- All appliances
- Exclusions
- Tenant belongings
- Rental Items
- Hot water tank
Community
Postal area K1L
- Population
- 18,213
- Private dwellings
- 10,797
- Median age
- 41.2
- Average household size
- 1.8
- Median household income
- $63,200
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 Vanier and Kingsview Park · last 12 months
- Median sold price
- $540,000
- Homes sold
- 176
- Median days on market
- 30
- Sale-to-list price
- 97.2%
Based on 176 recorded sales of commercial properties in Vanier and Kingsview Park over the last 12 months.
Listed by
ROYAL LEPAGE EDMONDS & ASSOCIATES
Location
Commercial figures
- Building area
- 3,620 sq ft
- Price per sq ft
- $448.87
- Annual property tax
- $12,813
- Tax per sq ft
- $3.54
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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