478 Cumberland Street

Calling all investors for a wonderful opportunity to own this townhouse that is a short walk to uOttawa. Never a vacancy. The property has been in the same family for almost 40 years. It is set up with individual leases to young ladies attending the university. Please speak to the listing agent for more details. Offers a good cap rate of 5.2% with some great upside potential to increase the income. 24 hours notice for Showings. 24 hours irrevocable and Schedule B to accompany offers. Furnace (2024) See attached Financials. Photos are from current and past tenant set-up so may not fully reflect the way the rooms show currently. Showings Tuesdays, Thursdays, and Saturdays from 1 to 6 pm. The Townhome next door at 478 Cumberland is also available.

Fabulous FREEHOLD townhouse located on a quiet residential street in Sandy Hill, one of Ottawa's most vibrant and historic downtown communities. Ideally situated within 400 metres of the University of Ottawa, this home offers walking distance to the picturesque Rideau River, Byward Market, LRT station, scenic parks, recreation, and a wide range of amenities. Perfect for both family living and investment, this property is in a prime rental location with strong demand from university students. The home offers 5 bedrooms, 3 bathrooms, and a walkout basement, providing excellent space and flexibility. The main level welcomes you with a bright foyer featuring tile flooring. To the right, the kitchen offers abundant cabinetry and a breakfast area with bay windows that fill the space with natural light. The kitchen opens seamlessly into the great room, creating a functional and connected layout. At the rear of the main level, a versatile space has been converted into a bedroom. This area can easily be reconfigured to expand the living room if desired. The upper level features three spacious bedrooms and a full main bathroom. The finished walkout basement includes an additional bedroom with a full ensuite bathroom, offering added privacy and income potential. The lower level also includes a laundry room, ample storage space, and direct access to the garage. Step outside through the patio doors to a fully fenced backyard with a deck, perfect for outdoor enjoyment. Fully tenanted and generating strong rental income of $4,170 per month, with leases in place until August 2026. Utilities are paid separately by the tenants. Whether you are seeking a turnkey investment or a live-in opportunity with steady rental income, this property offers exceptional value in a prime downtown location.