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152 Goulburn Avenue
4004 - Sandy Hill Lower Town - Sandy Hill K1N 8E2

$2,075,000 /For Sale
Commercial

Main Photo: 152 Goulburn Avenue in Lower Town - Sandy Hill: 4004 - Sandy Hill Commercial for sale : MLS®# X12886582
Photo 1: 152 Goulburn Avenue in Lower Town - Sandy Hill: 4004 - Sandy Hill Commercial for sale : MLS®# X12886582
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Photo 50: 152 Goulburn Avenue in Lower Town - Sandy Hill: 4004 - Sandy Hill Commercial for sale : MLS®# X12886582
Status:
Active
Prop. Type:
Commercial
MLS® Num:
X12886582
Bus Major:
Apts - 6 To 12 Units
Turnkey prime investment opportunity. Purpose-built legal 6 unit multifamily in the heart of Sandy Hill. Very desirable rental market neighbourhood walking distance to Ottawa University. Stately all brick building. GOI $138, 257. Expenses $29,689. NOI $108,568. Currently offering at a 5% cap rate. Well maintained. Provides steady returns. Never a vacancy. Cooperative tenants. 2 one bedroom units, 2 two bedroom units and 2 three bedroom units. Very spacious units with eat-in kitchens and large living rooms. 5 units have a washer and dryer. Also included: 6 fridges, 6 stoves, hood fans and 6 hot water tanks. 5 parking spaces behind the building. Currently only two are rented. Updates include: Repaired foundation masonry/repair foundation spray foam in 2025 ($5200), Replaced boiler venting in 2024 ($3978), New washer/dryer in Unit 5 in 2023($1604), Full patch and paint for Unit 2 in 2022 ($1700), Added attic insulation in 2020 ($2316), Flushed, reamed and installed liner on main plumbing stack to City connection in 2017 ($6600), New front first floor windows 2016, Appliances between 2011-2016, Apt 5 completely renovated in 2015, Front porch/balcony 2012 & 2016, Roof 2011, Copper wiring 2011, Natural gas boiler 2006 and many more minor improvements. Walking distance to UOttawa LRT Station, the Rideau Centre, ByWard Market, Strathcona Park, Rideau River, etc. Financials, 2025 Fire report and rent roll attached. 24 hours notice is required for showings.
Property Type:
Commercial
Property Sub Type:
Investment
Freestanding:
Yes
Total Area:
3520 sq. ft. Square Feet
Total Area:
3,520 sq. ft.
Lot Depth:
100'
Lot Frontage:
40'4"
Water supply:
Municipal
Zoning:
R4H[480], Unassigned
Heating type:
Gas Hot Water
Garage:
None
Parking Spaces:
5
Possession Details:
Immediate
HST Applicable To Sale Price:
Included In
Type Taxes:
Annual
Taxes:
$12,677.41 / 2025
Assessment:
$- / -
Ottawa
Lower Town - Sandy Hill
4004 - Sandy Hill
Public Transit
5 Washers, 5 Dryers, 6 Fridges, 6 Stoves, 1 hood fan
Tenants belongings.
Utilities:
Yes
Air Conditioning:
No
Seller Property Info Statement:
No
Gross income:
$138,258
Net Income Before Debt:
$108,568.6
Expenses Actual/Estimated:
Actual
Heating Expenses:
$5,137.35
Insurance Expenses:
$5,090.04
Tax Expenses:
$12,677.41
Water Expenses:
$5,670.26
Year Expenses:
2025
Major Business Type:
Apts - 6 To 12 Units
Category:
Apartment
Date Listed:
Mar 16, 2026
Original Price:
Previous Price:
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Listed by MARILYN WILSON DREAM PROPERTIES INC.
Data was last updated March 20, 2026 at 04:15 PM (UTC)
DARYL  KING
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