122-124 Cobourg Street, Lower Town - Sandy Hill, ON K1N 8H1
4002 - Lower Town, Lower Town - Sandy Hill · Near Rideau and Cobour · View map
About this home
This is a rare opportunity to acquire two neighboring, income-producing multi-family buildings on **one title** in Ottawa's historic Lowertown. Comprising 14 residential units (7 per building), this stabilized investment is ideally located just minutes from the ByWard Market, Rideau Centre, the University of Ottawa, and major government employment hubs. The majority of suites are in excellent condition, with only a few offering value-add potential through light cosmetic updates and rental optimization. Major capital improvements-including roofs, windows, electrical upgrades, and efficient electric heat pumps-have already been completed, helping minimize near-term capital expenditures. Positioned in one of Ottawa's most desirable urban rental markets, the property benefits from strong demand driven by students, young professionals, and government employees. An assumable CMHC-insured mortgage is available, and the property is held in a standalone corporation, presenting a compelling opportunity for investors seeking stable cash flow with long-term upside.
The home
- Type
- Investment
- Lot size
- 33 x 165.7 ft
Ownership & fees
- Ownership
- Freehold
- Monthly condo fee
- None
Heating & cooling
- Heating type
- Baseboard
- Air conditioning
- Yes
Garage & parking
- Garage
- Outside/Surface
- Total parking
- None
Taxes & other
- Property taxes
- $34,765/yr
- Tax year
- 2025
- Occupancy
- Tenant
- Possession
- Flexible
- Cross street
- Rideau and Cobour
- Neighbourhood
- 4002 - Lower Town
More
- MLS® number
- X12851986
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No features listed yet.
- Mortgage
- Property tax
- Maintenance fee
Cash needed to close
Estimates only, using Canadian semi-annual compounding, Ontario land transfer tax. Mortgage default insurance is added when you put down less than 20%. Your lender and lawyer will confirm exact numbers.
122-124 Cobourg Street, Lower Town - Sandy Hill, ON K1N 8H1
4002 - Lower Town, Lower Town - Sandy Hill · Near Rideau and Cobour
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Listing history for 122-124 Cobourg Street
See what this home and others at the same address were listed for, what they sold for, and how long it took.
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Frequently asked questions about 122-124 Cobourg Street
Answers come straight from this home’s MLS® listing.
How much is 122-124 Cobourg Street listed for, and what would it cost each month?
122-124 Cobourg Street is listed for $3,999,000. With 20% down ($799,800), the mortgage payment would be roughly $16,131 a month at 4.5% over 30 years. Add property tax and the estimate comes to about $19,028 a month, all in. That figure is an illustration, not a quote.
Is 122-124 Cobourg Street freehold or a condo, and is there a monthly fee?
122-124 Cobourg Street is a investment in 4002 - Lower Town, Lower Town - Sandy Hill. Ownership is freehold: you own the home and the lot. There is no monthly condo fee, so the roof, windows, driveway, snow and lawn are yours to look after.
Does 122-124 Cobourg Street have a garage and parking?
Yes. The listing shows the garage as outside/surface. The listing does not include a parking space.
What style of home is 122-124 Cobourg Street?
122-124 Cobourg Street is an investment. Commercial property covers retail, office, industrial and investment buildings and businesses for sale or lease.
How big is 122-124 Cobourg Street, and what is the lot size?
The lot is listed as 33 x 165.7 ft.
How is 122-124 Cobourg Street heated and cooled?
Heating is baseboard. Cooling is yes.
What are the property taxes for 122-124 Cobourg Street?
Property taxes are $34,765 a year (2025), or about $2,897 a month.
Where is 122-124 Cobourg Street?
122-124 Cobourg Street is in the 4002 - Lower Town community of Lower Town - Sandy Hill. The nearest main intersection is Rideau and Cobour. The postal code is K1N 8H1.
Is 122-124 Cobourg Street still for sale?
Yes. It is an active listing (MLS® X12851986). Listings here update from the board through the day and come down once a home sells.
What are similar properties near 122-124 Cobourg Street asking?
Similar properties for sale nearby right now include 238 Laurier Avenue E at $3,800,000, 204 Bruyere Street at $4,199,000 and 234-246 Dalhousie Street at $2,950,000. These are asking prices, not sold prices. The Sold history tab shows what homes at this address went for.
What have homes at 122-124 Cobourg Street sold for?
Recent sales, leases and expired listings for this home and others at the same address are in the Sold history tab, with the price and date of each. It is free for members.
How do I book a showing at 122-124 Cobourg Street?
Pick a day and time with Book a Tour on this page. Tours are free, with no obligation, in person or by video. You can also call or text 647-931-3923.
Have a different question? Ask about this home and get an answer, usually within the hour.
Similar properties nearby
More properties for sale near 4002 - Lower Town, picked by style, size and price.
Investment$3,800,000238 Laurier Avenue E, Lower Town - Sandy Hill4004 - Sandy HillCourtesy of: DISTRICT REALTY CORPORATIONView home →
Investment$4,199,000204 Bruyere Street, Lower Town - Sandy Hill4001 - Lower Town/Byward MarketCourtesy of: COLDWELL BANKER SARAZEN REALTYView home →
Commercial retail$2,950,000234-246 Dalhousie Street, Lower Town - Sandy Hill4001 - Lower Town/Byward MarketCourtesy of: ZINATI REALTY INC.View home →Courtesy of: EXP REALTY
Listing information comes from the Toronto Regional Real Estate Board through PropTx and is deemed reliable but is not guaranteed accurate. It is provided for consumers' personal, non-commercial use. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.
*Estimated monthly cost assumes 20% down, a 4.5% rate and a 30-year amortization, plus property tax. For illustration only.