57 Lees Avenue, Ottawa, photo 1 1 / 24

$954,900

57 Lees Avenue

Ottawa East, Ottawa, ON K1S0B8 · MLS® X13112682

  • 6Bedrooms
  • 2Bathrooms
  • 2Parking

About this property

Welcome to 57 Lees Avenue - a rarely offered three-storey all-brick duplex in the heart of Old Ottawa South. This versatile and well-maintained investment property offers strong income potential with approximately $71,760 per year in gross rental income, while also presenting an excellent opportunity for owner-occupants seeking additional rental revenue.A shared front foyer provides access to both self-contained units. The main level features a spacious 2-bedroom unit offering hardwood flooring, high ceilings, an oversized kitchen with ample storage and workspace, an updated bathroom, private laundry, and direct side-door access to the backyard.The upper unit spans the second and third floors and offers an expansive 4 bedroom layout. This bright and updated space includes a renovated kitchen, private laundry, generous living areas, and a unique upper loft level with an additional flex room - ideal for larger households and flexible rental arrangements. Both units include separate parking spaces and private laundry, adding convenience and long-term tenant appeal. Ideally located within walking distance to the Rideau Canal,University of Ottawa, Main Street, Elgin and Lansdowne. This property is perfectly positioned near transit, parks, shops, and everyday amenities. Major updates include roof shingles (25-year shingles), Energy Star windows and skylights, air conditioning (2021), and a remodel of the second unit completed in 2019. A rare opportunity to own a character-filled multi-unit property in one of Ottawa's most desirable central neighbourhoods. Some photos were taken prior to tenant occupancy and certain photos have been digitally altered. (id:65933)

Type
Duplex
Category
Multi-family
Annual taxes
$8,143
Updated
Sep 18, 2026

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Estimate only, not financial advice. Rent is reduced by vacancy, then management is taken on the rent collected; net operating income = that, less property tax and other costs; cap rate = net operating income ÷ price; cash flow also subtracts the mortgage (semi-annual compounding, as Canadian mortgages use). Vacancy default: CMHC Rental Market Report, Ottawa, October 2025.

Listed by Remax Boardwalk Realty.

Listing data provided by REALTOR.ca DDF® and owned by The Canadian Real Estate Association (CREA). Deemed reliable but not guaranteed.

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