265 Parkdale Av 7 Unit Apartment Building $680,963 USD ($97,280 USD/Unit) 5.77% Cap Rate Ottawa, ON K1Y 1G1

This fully-licensed immaculate 7-unit rooming house at 265 Parkdale Avenue is a rare find, perfect for investors seeking a fully operational, income-generating property OR Buyers looking to convert it back into a spacious single-family home or any other use in the TM13 Zone. Meticulously maintained and updated by long-term owners, the property features upgraded windows, kitchen, bathrooms & electrical service (2008), newer roof shingles & gas furnace (2023). Each room includes a refrigerator, with on-site laundry and 20 parking spaces adding convenience for residents and additional income stream potential. Located just 250m from Tunney's Pasture LRT and steps to shops, restaurants, and the Parkdale Market, this property combines strong rental potential with future residential use flexibility all in one of Ottawa"s most desirable urban neighbourhoods. Income/Expense Statement for current use available below.