124-126 Irving Avenue

About this home

Offered for the first time in nearly 50 years, this impressive three-storey, red-brick six-unit building presents a rare investment opportunity in the heart of Hintonburg. Lovingly maintained and thoughtfully updated, the property combines classic character, and significant improvements to major building systems. Unit features include hardwood floors, high ceilings, fireplaces, generous sized principal rooms, enclosed sunrooms, large west-facing rear patios providing valuable outdoor living space, and absolutely fantastic tenants. Extensive updates over the years include a complete electrical upgrade (2014-2022), all modern plumbing including stacks (mostly 2022), windows (mostly 2019+), architectural style roofing (2017-2019) and heating systems (2022), offering an excellent foundation for continued ownership. Ideally positioned just steps from Hintonburg's shops, restaurants, cafés and transit, the property benefits from an exceptional central location and strong tenant appeal. Gross income of $120,240, and expenses of $26,923, gives 124-126 Irving Avenue a strong CAP rate of 5.24% with room to increase. This is a rare opportunity to acquire a substantial multi-residential property in one of Ottawa's most desirable urban neighbourhoods. 2026 Fire Code Compliance Certificate will be made available to the buyer on or before closing.

Details

Type

Multiplex

Style

3-Storey

Size

3500-5000 sq ft

Lot

50 × 114.36 ft

Basement

Full, Unfinished

Garage

None

Kitchens

6

Property tax

$12,779 (2026)

Neighbourhood

4203 - Hintonburg

Municipality

West Centre Town

Interior

Bedrooms

10 above ground

Bathrooms

6 × 4-piece

Rooms

36 above ground

Family room or den

No

Fireplace

Natural Gas

Features

Carpet Free, Storage

Heating, cooling and services

Heating

Forced Air, Gas

Water and sewer

Sewer

Building and exterior

Style

3-Storey

Exterior

Brick

Roof

Asphalt Shingle

Foundation

Stone

Faces

West

Outdoor

Deck, Porch

Parking

Total parking

5

Lot

Size

50 × 114.36 ft

More

Possession

TBD

Cross street

Irving and Gladstone