199 Cobourg Street

Discover an outstanding opportunity to own a truly versatile property in the heart of Ottawa. Perfectly positioned close to the University of Ottawa, downtown, the Rideau River, Highway 417, transit, shopping, restaurants, and countless amenities, this property offers exceptional convenience and long-term value.The spacious main residence spans four finished levels and features six generous bedrooms and four full bathrooms, making it an excellent option for large families, multi-generational living, or those seeking strong rental income. Its thoughtful layout, complete with multiple staircases and lower-level laundry, provides flexibility for a variety of living arrangements.Adding to the appeal is a fully self-contained legal coach house completed in 2023. This modern studio suite offers open-concept living with a stylish three-piece bathroom, creating an ideal mortgage helper or additional rental opportunity.The oversized driveway accommodates up to four vehicles, further enhancing the property's income potential. With multiple rental options available, investors will appreciate the impressive cash flow possibilities, while families will enjoy the abundance of space in an unbeatable central location.Major improvements include a legal coach house conversion (2023), renovated kitchen and bathrooms (2022), new driveway (2024), roof (2017), and gas furnace (2015), allowing the next owner to move in with confidence.Whether you're expanding your investment portfolio or searching for a home that offers flexibility for years to come, this unique property delivers exceptional value in one of Ottawa's most desirable urban neighbourhoods.