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6610 Fourth Line Rd 9,629 SF 100% Leased Retail Building Ottawa, ON K0A 2T0 $2,990,000 CAD ($310.52 CAD/SF) 6.21% Cap Rate



Investment Highlights
- Fully Tenanted 8-Unit Residential Property — Includes large detached home + 7 rental units
- Separately Metered Electrical — All units have individual hydro meters for simplified management
- No Water Bills — Private well water system with pressure tank and filtration
- 7 Renovated Units — Modern interiors, with 3 units upgraded in 2021 and 4 in 2025
- Brand-New Heat Pumps + Backup Gas Furnace — Efficient heating & cooling with redundancy
- New Commercial-Grade Septic System — Designed for multi-unit capacity and low maintenance
Executive Summary
This is a rare opportunity to acquire a fully tenanted 8-unit income property in Ottawa's desirable rural south corridor, with substantial recent upgrades and long-term tenants in place. The asset includes a large main home and seven renovated rental units, offering strong cash flow, low operating costs, and future upside through rent increases on turnover.
Significant capital has been invested into major infrastructure: a new commercial-grade septic system, upgraded electrical (all separately metered), and brand-new electric heat pumps throughout. Located in the VM7 zone, the site supports mixed-use and future intensification, making this property ideal for investors seeking long-term hold, refinance potential, or future redevelopment.
Additional materials including zoning details, site plan report, and infrastructure summary are available upon request.
Significant capital has been invested into major infrastructure: a new commercial-grade septic system, upgraded electrical (all separately metered), and brand-new electric heat pumps throughout. Located in the VM7 zone, the site supports mixed-use and future intensification, making this property ideal for investors seeking long-term hold, refinance potential, or future redevelopment.
Additional materials including zoning details, site plan report, and infrastructure summary are available upon request.
Financial Summary (Actual - 2024) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2024) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
9,629 SF
Building Class
B
Year Built/Renovated
1970/2019
Price
$2,990,000 CAD
Price Per SF
$310.52 CAD
Cap Rate
6.21%
NOI
$185,700 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.45
Lot Size
0.49 AC
Zoning
VM7 - Village Mixed-Use Zone - allows for residential & commercial uses
Frontage
157’ on Fourth Line Road
Amenities
- 24 Hour Access
- Tenant Controlled HVAC
- Storage Space
- Air Conditioning
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6610 Fourth Line Rd
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