Exceptional mixed-use fourplex prominently positioned on the corner of Cooper and Percy in the heart of high-demand Centretown. This income-generating asset features three residential units (one 3-bedroom, one 2-bedroom, and one 1-bedroom) plus a street-level commercial space currently leased to a barber shop until the end of 2027. The main floor offers excellent flexibility, currently configured as a three-bedroom residential unit with full basement alongside the commercial storefront. The second floor includes two well-appointed apartments, each with access to its own rooftop space and common washer/dryer. Residential units 1, 2 & 3 were renovated in 2021, with a new roof and new windows (3-bedroom unit) completed the same year. All appliances, light fixtures, HWT, and A/C units are included. Current rents: Barbershop approx. $35,670/year; 2-bedroom $23,400/year; 1-bedroom $19,680/year; 3-bedroom was recently owner-occupied (previously rented at $3,100/month) and is now vacant. Residential Neighbourhood Commercial zoning; buyer to complete due diligence regarding zoning and permitted uses under Ottawa zoning by-laws. Located steps to public transit and within walking distance to shops, restaurants, Chinatown, Little Italy, Lebreton Flats, and directly across from the Rideau Curling Club. A high-visibility corner property primed for growth-ideal for investors seeking stable income, value-add potential, or an owner-occupier opportunity. Check out our video tour. (id:4069)
Address
698 COOPER STREET
List Price
$1,640,000
Property Type
Multi-family
Type of Dwelling
Fourplex
Transaction Type
Sale
Area
Ontario
Sub-Area
Ottawa
Bedrooms
6
Bathrooms
4
Floor Area
3000 - 3500 Sq. Ft.
Lot Size
33 x 72 FT Sq. Ft.
MLS® Number
X12706754
Listing Brokerage
DETAILS REALTY INC.
Basement Area
N/A (Partially finished)
Postal Code
K1R6C6
Zoning
R4UD[478]-c
Features
Carpet Free, In-Law Suite
Amenities
Separate Electricity Meters
