"Walkable Lifestyle. Reliable Investment." On one of most desirable urban streets, just steps from the Rideau Canal and moments to the cafés, restaurants, boutiques, and everyday conveniences of Golden Triangle and Elgin Street, this brick house ( presently 3 units) presents a rare opportunity for both investors and future owner-occupiers a like. The building showcases attractive heritage-inspired brick detailing. Fully rented and excellent tenant's. Set on a quiet residential street lined with attractive homes and long-term neighbors, the property benefits from a location that continues to attract high-quality tenants seeking an urban lifestyle centered around walkability, green space, and community connection. The building comprises well-rented units with excellent tenants currently in place, generating annual rental income of close to $60,408. with approximately $20,948.96 in yearly expenses. Rear laneway access provides parking and year-round convenience, with the lane maintained and plowed in winter months. Beyond the existing income potential, the property also offers long-term upside and flexibility. Whether maintained as a stable investment property, gradually updated to further enhance revenue potential, or eventually reimagined as a future owner-occupied residence with income support, the combination of location, lot size, brick construction, and neighborhood demand creates a compelling opportunity for growth over time. With a 30 x 93 ft lot, rear lane access and one of Ottawa's most walkable urban settings, this is the kind of property that rarely loses relevance - a smart investment today and an exciting opportunity for the future. 3 units - one per floor - 3rd floor unit access at rear . Rear Lane allows for easy access -3 car parking. As well a shared right of way driveway with 89 Waverley. .Zoning N4B(478) Showing times 24 hour notice. (id:25961)
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Rooms
| Level | Type | Dimensions |
|---|
Details
- Amenities Nearby: Public Transit
- Community Features: School Bus
- Features: Lane
- Parking Spaces: 3
- Transaction: For sale
- Zoning Description: N4B(478)
Building
- Appliances: Dishwasher, Dryer, Two stoves, Washer, Refrigerator
- BasementType: Full, N/A (Unfinished), N/A (Partially finished)
- Basement Development: Unfinished,Partially finished
- Bedrooms Main Level: 5
- Cooling: None, Window air conditioner
- Exterior Finish: Brick
- Fireplace Present: False
- Foundation: Stone
- Bathrooms (Total): 4
- Heating: Forced air
- Heating Fuel: Natural gas, Other
- Size Interior: 2000 - 2500 sqft
- Stories Total: 3
- Type: Other
- Utility Water: Municipal water
Land
- Amenities: Public Transit
- Sewer: Sanitary sewer
- Size Frontage: 30 ft
- Size Irregular: 30 x 93 FT
Listing provided by ENGEL & VOLKERS OTTAWA
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This REALTOR.ca listing content is owned and licensed by REALTOR® members of the Canadian Real Estate Association. This property for sale is located at 85 WAVERLEY STREET E in Ottawa Ontario. It was last modified on June 19th, 2026. Contact Jeremy Hussey to schedule a viewing or to discover other Ottawa homes for sale.