Attention Flippers and Landlords, who’s looking for a profitable property!?
This is your opportunity to buy BELOW the tax assessed value for this multiplex near down-town Ottawa!
This 5 unit mixed use property is available for less than the price of most duplexes in the area! Key areas like bathrooms and kitchens are in decent shape. It does requires a little elbow grease, but once fixed up ARV is easily over $1.3m. Purchase price of only $799k gives you low carrying costs, and huge upside potential.
How can you profit?
1) Fix & Flip – Compared to the monster $500k+ spread, there’s not a lot of work. With 3 units currently vacant, this property is ready to be renovated.
2) Landlords – Combined market rent for all 5 units is over $10k monthly, fix it up, rent it out, and let this place be your CASH COW!
3) BRRRR – Get the best of both worlds benefiting from this huge spread and large monthly income.
4) Realtors: Bring your investors. This deal includes a 5% commission for cooperating agents!
SUMMARY:
– LOCATION: Ottawa, ON (Gladstone Ave & Bronson Ave)
– PURCHASE PRICE: $799,900 Or Best Offer. Includes a 5% realtor commission!
– Tax Assessed Value: $825,000
– AFTER REPAIR VALUE: $1,300,000+
– CLOSING: March 18, 2026 (Seller would prefer FASTER! This is an assignment sale.)
– TYPE: Detached Mixed-use (4-unit Residential + Commercial unit)
– BEDS/BATHS: 4 units – 1 bed / 1 bath each + Bathroom on the commercial side
– PARKING: No parking
– LOT: 65’ x 40’
– AGE: 1950’s
– PROPERTY TAX: $8,246 (2025)
– POSSESSION: Partially occupied (commercial unit is long term tenant with lease expiring in 2029, 1 residential unit occupied)
RENOVATIONS NEEDED:
– Residential units need various cosmetic upgrades
– Furnace repair on residential side
– Some junk and furniture removal.
– Please view the pictures and videos for ideas on what you’d like to renovate.
GOOD NEWS:
– Comps with less units regularly selling over $1.3m.
– Solid location near major routes, transit, and Ottawa’s downtown core
– Commercial roof updated in 2022, residential roof updated ~12yr ago
– Windows updated over past 15 years
– Tax assessed value is $825k! Asking price only $799k.
– 5% commission for cooperating agents
LISTING ID: 0126-OTT-F01
PS. Email us today for your info package. Who wants to make money on this one?
PS. PUSH HERE to get notified about these discounted deals as soon as they become available. Sometimes these deals go fast, so you don’t want to miss them.