522/524 Bay Street Ottawa, Ontario K1R 6B5
$1,089,000
Attention savvy investors! Welcome to #522/524 Bay Street, an incredible opportunity to own a well-maintained fourplex in the heart of Centretown! Ideally located on a quiet cul-de-sac just steps from Bank Street, the Glebe and the downtown core. This low-maintenance building offers two bright and airy 2-bed units plus two generous 1-bed units, each with access to sprawling unfinished basement space and excellent storage. Tenants enjoy in-suite laundry, private outdoor spaces, and exceptional walkability to shops, restaurants, transit, and amenities. Uniquely versatile, this rare offering provides option to maintain the current 4-unit layout, owner occupy unit 1-524 as a pied-de terre, set your own rent with a future tenant or explore the option to sever the property into two parcels (each half of the building has its own water supply and sewer line). With stable tenants and minimal groundskeeping, this established income property is a healthy addition to any portfolio with a strong cap rate. Invest confidently in one of Ottawas most sought-after rental locations. Some photos virtually staged. 24 hours irrevocable on all offers. (id:49269)
Property Details
| MLS® Number | X12164246 |
| Property Type | Multi-family |
| Community Name | 4103 - Ottawa Centre |
| EquipmentType | Water Heater |
| RentalEquipmentType | Water Heater |
| Structure | Patio(s), Porch |
Building
| BathroomTotal | 5 |
| BedroomsAboveGround | 6 |
| BedroomsTotal | 6 |
| Age | 100+ Years |
| Appliances | Dishwasher, Dryer, Hood Fan, Stove, Washer, Refrigerator |
| BasementDevelopment | Unfinished |
| BasementType | Full (unfinished) |
| ExteriorFinish | Brick |
| FlooringType | Tile |
| FoundationType | Stone |
| HalfBathTotal | 1 |
| HeatingFuel | Natural Gas |
| HeatingType | Forced Air |
| StoriesTotal | 2 |
| SizeInterior | 3000 - 3500 Sqft |
| Type | Fourplex |
| UtilityWater | Municipal Water |
Parking
| No Garage |
Land
| Acreage | No |
| Sewer | Sanitary Sewer |
| SizeDepth | 71 Ft |
| SizeFrontage | 40 Ft ,8 In |
| SizeIrregular | 40.7 X 71 Ft |
| SizeTotalText | 40.7 X 71 Ft |
| ZoningDescription | R4s |
Rooms
| Level | Type | Length | Width | Dimensions |
|---|---|---|---|---|
| Second Level | Bathroom | 1.96 m | 1.82 m | 1.96 m x 1.82 m |
| Second Level | Kitchen | 386 m | 2.41 m | 386 m x 2.41 m |
| Second Level | Living Room | 4.34 m | 3.04 m | 4.34 m x 3.04 m |
| Second Level | Primary Bedroom | 3.25 m | 2.56 m | 3.25 m x 2.56 m |
| Second Level | Bedroom | 2.35 m | 2.16 m | 2.35 m x 2.16 m |
| Second Level | Bathroom | 2.22 m | 1.72 m | 2.22 m x 1.72 m |
| Second Level | Kitchen | 4.34 m | 2.7 m | 4.34 m x 2.7 m |
| Second Level | Living Room | 4.4 m | 3.12 m | 4.4 m x 3.12 m |
| Second Level | Primary Bedroom | 3.31 m | 2.53 m | 3.31 m x 2.53 m |
| Second Level | Bedroom 2 | 3.1 m | 2.15 m | 3.1 m x 2.15 m |
| Basement | Other | 3 m | 3.21 m | 3 m x 3.21 m |
| Basement | Bathroom | 1.93 m | 1.53 m | 1.93 m x 1.53 m |
| Basement | Laundry Room | 6.47 m | 4.17 m | 6.47 m x 4.17 m |
| Basement | Other | 3.76 m | 3.23 m | 3.76 m x 3.23 m |
| Basement | Utility Room | 4.74 m | 9.83 m | 4.74 m x 9.83 m |
| Basement | Other | 4.47 m | 4.07 m | 4.47 m x 4.07 m |
| Main Level | Foyer | 3.71 m | 2.12 m | 3.71 m x 2.12 m |
| Main Level | Living Room | 4.52 m | 4.43 m | 4.52 m x 4.43 m |
| Main Level | Primary Bedroom | 4.91 m | 2.66 m | 4.91 m x 2.66 m |
| Main Level | Living Room | 4.59 m | 4.73 m | 4.59 m x 4.73 m |
| Main Level | Bathroom | 2.12 m | 1.43 m | 2.12 m x 1.43 m |
| Main Level | Kitchen | 4.55 m | 4.1 m | 4.55 m x 4.1 m |
| Main Level | Bathroom | 1.98 m | 1.67 m | 1.98 m x 1.67 m |
| Main Level | Kitchen | 4.47 m | 4.08 m | 4.47 m x 4.08 m |
| Main Level | Primary Bedroom | 5.14 m | 2.72 m | 5.14 m x 2.72 m |
Utilities
| Cable | Installed |
| Sewer | Installed |
https://www.realtor.ca/real-estate/28347409/522524-bay-street-ottawa-4103-ottawa-centre
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May 22 2025 02:24:20
Ottawa Real Estate Board
Royal LePage Performance Realty