An exceptional investment opportunity in the heart of Centretown, 176 Arlington Avenue is a spacious duplex with two well-appointed units, each with their own individual laundry, ideally situated two blocks from Bank St. Unit A is a 2 + 1 bed apartment built over the main and lower levels, featuring a private entrance, character-rich finishes, and an efficient layout. The living area boasts a large picture window, and the eat-in kitchen includes extended cabinetry, plenty of counter space, and a full stainless steel sink. 2 bright bedrooms, one with private exterior access, offer flexibility for families, home offices, or additional living spaces. A full bathroom on the main level and a basement with laundry, a powder room, and storage complete this inviting and functional unit. Unit B, spanning the second and 3rd levels offers a unique and thoughtfully separated layout. The first level of the unit includes 3 bedrooms, one with a built-in desk nook and another with direct access to a front-facing balcony. The living space with wide-plank vinyl flooring is found just off the modern kitchen with wood cabinetry, a hex tile backsplash, and ample prep space. Before heading up to the top level, you'll pass a stylish 3-piece bath with a walk-in shower. On the top floor of the property, 2 more cozy bedrooms feature sloped ceilings, parquet-style flooring, and generous closet space, while a second 4-piece bath provides added convenience. The property sits on a deep lot with mature greenery, and each unit benefits from private entrances and defined spaces - ideal for multi-tenant configurations or live-in owners seeking supplemental income. Steps to transit, cafes, parks, and the upcoming redevelopment of the old Greyhound station. This is an investment in an area with intense densification planned, poised for long-term growth in one of Ottawa's most dynamic neighbourhoods. Total monthly rental income: $4,750 & NOI of $3,462.83/mo (utilities & taxes). HUGE UPSIDE IN RENTS! (id:2493)
Property Type:
Multi-family
Property Attached:
Yes
Living Area (Min):
2,000 sq. ft.186 m2
Living Area (Max):
2,500 sq. ft.232 m2
Taxes:
$7,946 /
2024
Community:
4103 - Ottawa Centre
Exterior Features:
Brick
Community Features:
School Bus, Community Centre
Structure Type:
Duplex
Appliances Included:
Refrigerator, Dishwasher, Dryer, Microwave, Storage Shed, Two stoves, Two Washers
Data was last updated June 12, 2025 at 03:45 PM (UTC)
Area Statistics
Listings on market:
10
Avg list price:
$1,797,000
Min list price:
$875,000
Max list price:
$2,599,000
Avg days on market:
36
Min days on market:
7
Max days on market:
111
Avg price per sq.ft.:
$6,600,129.75
These statistics are generated based on the current listing's property type
and located in
4103 - Ottawa Centre. Average values are
derived using median calculations.
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