6610 FOURTH LINE Rd Fourth Line RD, Manotick - Kars - Rideau Twp And Area, ON K0A 2T0
6610 FOURTH LINE Rd Fourth Line RD, Manotick - Kars - Rideau Twp And Area, ON K0A 2T0
6610 FOURTH LINE Rd Fourth Line RD, Manotick - Kars - Rideau Twp And Area, ON K0A 2T0
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Tyler Verheul

Tyler Verheul

+1(613) 797-0208
$2,990,000
Est. payment /mo
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Key Details

Property Type Commercial

Sub Type Investment

Listing Status Active

Purchase Type For Sale

Subdivision 8009 - North Gower

MLS Listing ID X12767868

Annual Tax Amount $13,982

Tax Year 2025

Property Sub-Type Investment

Property Description

Institutional-quality, cash-flow-positive investment offering long-term stability with embedded upside. This mostly renovated multi-unit asset has been thoughtfully upgraded to support predictable income, low operating risk, and strong tenant retention. Five units have been renovated within the past two years, two additional units within the past five years, while the attached three-bedroom residence remains largely unrenovated, presenting a clear and controllable value-add opportunity through modernization and rent repositioning.The property is engineered to run lean. A commercial-grade septic system and new septic bed, completed within the last two years, paired with upgraded electrical infrastructure and full separate metering, ensures operating efficiency while pushing utility costs directly to tenants. A new private well eliminates water expenses entirely, and the absence of municipal services results in consistently low property taxes, materially strengthening net operating income and long-term yield.Operational stability is further enhanced by a long-term tenant occupying the attached residence who also serves as an on-site caretaker. In exchange for below-market rent, this tenant provides snow removal, lawn care, routine maintenance, and minor repairs - services not reflected in operating expenses - effectively stabilizing cash flow and reducing management exposure without increasing overhead. Four units are wheelchair accessible, offering a durable competitive advantage in a market with an aging demographic and limited accessible housing supply. These units remain in high demand, support strong tenant quality, and contribute to low vacancy and turnover. The building is well maintained, tenanted by clean, long-term occupants, and requires no immediate capital expenditures. This asset delivers reliable income today with measured upside tomorrow, making it ideal for investors seeking strong in-place cash flow, low expense ratios.

Location

Province ON

County Ottawa

Area Ottawa

Zoning VM7[314r]

Interior

Cooling Yes

Inclusions 8 Fridges, 8 Stoves, All washers and dryers in the units

Exterior

Parking Features Outside/Surface

Utilities Available Yes

Building

Lot Description Building

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Lited by EXP REALTY

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Tyler Verheul

More buyers are choosing LPT Realty for one simple reason — results. With a focus on personalized service, expert guidance, and a modern approach to real estate, we make every step of the process smooth, smart, and stress-free. Discover what sets us apart.

+1(613) 797-0208

tyler@tylervproperties.ca

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6610 FOURTH LINE Rd Fourth Line RD

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