203-205 Marier Avenue

Vanier and Kingsview Park, ON

8 bath
4,800 sqft
Investment

$2,200,000

Visit the REALTOR website for further information about this Listing. Seven rental units in two buildings near Beechwood Avenue in east-central Ottawa. The location offers access to Montfort Hospital, downtown, the University of Ottawa, ByWard Market, and Highway 417. The area is very popular with young professionals and students. 203 Marier is a fully rented triplex with three two-bedroom, one-bathroom units. It has five exterior storage lockers and coin-operated laundry in the basement. Updates include windows (2019), pavement and exterior cladding (2023), and the roof (2026). Two units are furnished. The boiler and hot water tanks are owned. 205 Marier is a fully rented fourplex with one two-bedroom, one-bathroom unit; one two-bedroom, two-bathroom unit; and two one-bedroom, one-bathroom units. Updates include windows and the roof (2019), and pavement and exterior cladding (2023). The furnace and hot water tank are rented from Enercare. Approximate annual gross income is $157,800. Projected net operating income is approximately $122,000, which represents a 5.5% cap rate at the asking price. The properties are offered as-is. Easy Street Services manages the properties and is willing to continue, subject to an agreement with the buyer. Reported CM1 zoning may potentially allow future development.

Listing Details

Taxes (2026): $12,510
Listed: October 23, 2026

Price History

Listing history

Property

Age: 51-99
Lot Size: 80 x 114 Feet

Parking

Garage: None

Location & Legal

Cross Street: Montfort Street
Zoning: R4E-c
Parcel Number: 042320301
Possession: Flexible
Occupancy: Tenant

Commercial

Business Type: Apts - 6 To 12 Units

Included

Inclusions: All designated furniture and appliances
Rental Items: Furnace and 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: $525,000
Homes sold: 167
Median days on market: 33
Sale-to-list price: 97.1%

Based on 167 recorded sales of commercial properties in Vanier and Kingsview Park over the last 12 months.

Listed by

EASY LIST REALTY LTD.

Walk Score

Walk Score is unavailable for this address right now.

Location

Street View

Commercial figures

Building area: 4,800 sq ft
Price per sq ft: $458.33
Annual property tax: $12,510
Tax per sq ft: $2.61

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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