484 Queen Mary Street, Overbrook - Castleheights and Area, ON

$1,799,900

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11

Beds

5

Baths

3,500

Square feet

About 484 Queen Mary Street

Fantastic investment opportunity! Well-positioned 6-UNIT building in a rapidly growing area, offering both steady income and future upside. Four units are currently occupied, two at market rents (renovated) and two with long-term tenants paying below-market rents, leaving room for increased returns. Two fully renovated units with modern finishes are vacant, allowing the new owner to set rents and select tenants. Additional income from coin-operated laundry and rentable on-site parking enhances cash flow. The property sits in a prime redevelopment area where older homes are being replaced with multi-unit projects, driving demand and property values. With a generous lot size and R4UC zoning, there is exciting potential for future development. This is a rare chance to acquire a stabilized asset with strong current income and significant appreciation potential ideal for investors seeking both stability and growth. Come see it today!

Features of 484 Queen Mary Street

MLS® # X12383772
Price $1,799,900
Bedrooms 11
Bathrooms 5.00
Square Footage 3500-5000
Type Residential Freehold
Sub-Type Multiplex
Style 2-Storey
Status Active

Community Information

Address 484 Queen Mary Street
Area Ottawa
Subdivision 3502 - Overbrook/Castle Heights
City Overbrook - Castleheights and Area
Province ON
Postal Code K1K 1W2

Amenities

Parking Spaces 6
Garages None
Is Waterfront No
Pool None

Interior

Heating Baseboard
Cooling None
Fireplace No
Basement Apartment
Kitchens 6

Exterior

Exterior Brick, Vinyl Siding

Listing Details

OfficeLOTFUL REALTY

Listing Map

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