6610 Fourth Line Rd

For Sale 103 Days
$3,400,000 $200K
$3,200,000
beds
baths

6610 Fourth Line Rd

For Sale 103 Days
$3,400,000 $200K
$3,200,000
beds
baths

Highlights

Key insights

Description

This is a rare investment opportunity featuring eight spacious and beautifully updated residential rental units, including a large single-family home attached to the main building. Situated on a massive lot with ample parking, this property offers exceptional cash flow with low operating costs thanks to no water bills (on well water), low property taxes, a brand new commercial-grade septic system, and separately metered, upgraded electrical throughout. Heating is fully electric and efficiently serviced by brand new heat pumps, with a backup gas furnace available for added security. Seven of the eight units have been renovated three in approximately 2021 and four in 2025 featuring bright, modern, and spacious interiors. The large main home offers tremendous upside with the potential to increase rents following tenant turnover. Located on one of the most desirable streets in the area, this property has incredible future development potential. With several long-term tenants in place, theres significant room for rent growth making this a prime candidate for a high-value refinance as leases turn over.The upside is real and its not priced in! (id:63267)

Jason Spartalis of EXP REALTY,
#X12178911
updated 3 weeks ago.
Houseful checked MLS® for data 3 weeks ago.

Home overview

Amenities / Utilities
  • Cooling
    Fully air conditioned
  • Heat source
    Natural gas
  • Heat type
    Other
Exterior
  • # parking spaces
    10
Location
  • Subdivision
    8009 - north gower
  • Directions
    2237058
Lot/ Land Details
  • Lot dimensions
    0.49
Overview
  • Lot size (acres)
    0.49
  • Listing #
    X12178911
  • Property sub type
    Multi-family
  • Status
    Active
SOA_HOUSEKEEPING_ATTRS
  • Listing source url
    Https://www.realtor.ca/real-estate/28378374/6610-fourth-line-road-ottawa-8009-north-gower
  • Listing type identifier
    Idx

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The Home Overview listing data and Property Description above are provided by the Canadian Real Estate Association (CREA). All other information is provided by Houseful and its affiliates.
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$-8,533

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25 Years fixed, 20% down payment, % interest
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