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USD2,350,000
59 Concord Street
Fairfield
16 beds 8 baths Tenant

About this home

Welcome to 59 Concord Street - a rare opportunity to acquire a purpose-built fourplex in the heart of Sandy Hill, 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 4.5% 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.

Property facts

Property type
Tenant
Bedrooms
16
Bathrooms
8
Year built
2016
Days on market
118 days

Features & amenities

Features & finishes
dark hardwood flooring
durable tile and vinyl surfaces
open-concept layouts
contemporary kitchens with two-toned cabinetry
granite countertops
stainless steel appliances
oversized center islands with breakfast bars
in-suite laundry
independent HVAC systems
tankless hot water tanks
video intercom entry
fob access
enhanced soundproofing between units
secure keypad entry
24/7 video surveillance

Location

Approximate location · exact address shared on inquiry

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