- Price
- $2,195,000
- Bedrooms
- 16
- Bathrooms
- 8
- Size
- —
- Type
- Fourplex
- Year built
- —
Listing courtesy of EXP REALTY
About this home
Welcome to 59 Concord Street - a rare opportunity to acquire a purpose-built fourplex in the heart of the Glebe, steps to the University of Ottawa and the Rideau Canal. Built in 2016, this Class A, fully stabilized asset sits in one of Ottawa's strongest and most consistent rental corridors. The property consists of four identical 4-bedroom, 2-bathroom units, purpose-designed to maximize rental income and tenant demand. Each suite features dark hardwood flooring, durable tile and vinyl surfaces, and open-concept layouts filled with natural light. Contemporary kitchens showcase two-toned cabinetry, granite countertops, stainless steel appliances, and oversized center islands with breakfast bars overlooking spacious living and dining areas. Every unit is equipped with in-suite laundry, independent HVAC systems (furnace and A/C), tankless hot water tanks, video intercom entry, fob access, and enhanced soundproofing between units - a premium feature that reduces turnover and increases tenant satisfaction. The building also offers secure keypad entry and 24/7 video surveillance, reinforcing safety and long-term tenant appeal. Four identical units. Units come fully furnished. Offered all inclusive, water, gas, hydro. Fully tenanted. The turnkey nature of this asset ensures minimal operational complexity and strong tenant retention. Located within walking distance to the ByWard Market, Parliament Hill, and major transit routes, this is a high-demand micro-location with consistent rental performance driven by proximity to the University of Ottawa and downtown employment hubs. Strong financial profile with an NOI of $105,500.30 at a 4.8% cap rate. A clean, modern, income-producing asset built right, positioned right, and engineered for long-term performance - an exceptional addition to any serious investor's portfolio. (id:66700)
Location
4408 - Ottawa East, Ottawa
Estimate your payment
A rough monthly cost for this home — adjust the numbers to fit your situation.
Estimated monthly payment
$10,203
or $5,101 bi-weekly
- Mortgage amount
- $1,756,000
- Total interest
- $1,304,897
Estimate only. Canadian rates compound semi-annually; figures exclude property tax, condo fees, and insurance. Confirm with your lender or mortgage broker.
Listing courtesy of EXP REALTY
Listing data last updated June 11, 2026.
Information is deemed reliable but not guaranteed and should be independently verified. Listing data is provided for personal, non-commercial use only and may not be redistributed, scraped, or used for any other purpose. Listing data is provided by the Canadian Real Estate Association’s DDF® (REALTOR.ca Data Distribution Facility). The trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies the REALTOR.ca Data Distribution Facility (DDF®).