Centretown
Fourplex
$1,089,000

PROPERTY DETAILS
(all approximate)

Year Built
1875 as per MPAC

Lot Size
40.67’ (522 Bay: 20.30’, 524 Bay: 20.37’) x 71.0’

Square Footage
3148 sq ft TOTAL as per MPAC (522 Bay: 1574 sq ft + 524 Bay: 1574 sq ft)

Taxes
$11,303 total for 2024 (Final)

Parking
None (residential on street city parking permit may be available)

Heating
Forced Air Natural Gas: 522 Bay (2005), 524 Bay (2024) (with supplementary electric baseboards)

Water/Sewer
each half of the building has its own water supply and sewer line

Rental Equipment
4 x hot water tanks

Inclusions
4x refrigerators, 4x stoves, 4x hoodfans, 2x washers, 2x dryers, 2x washer/dryer combo, 1x dishwasher

Exclusions
All of Tenants’ Belongings

EXPENSES for 2024

Taxes
$11,303 total for 2024 (Final)

Insurance
$5,760.00

Utilities
$5,243.70 total
water/sewer $1,947.66
gas $2,514.26
hwt rentals $781.78 (based on 2 rentals and 2 owned)

Management
Property currently self-managed (Note: most investors use 4%)

Maintenance
unknown (Note: most investors use 5%)

Property being sold “AS IS, WHERE IS” with no representations or warranties
A Pre-Listing Inspection Report is available (Phil Bottriel, Property Inspection Network, April 2025)

CONTACT LISTING AGENT FOR RENTAL INFORMATION and CASH FLOW ANALYSIS

Attention savvy investors! Welcome to #522/524 Bay Street, an incredible opportunity to own a well-maintained fourplex in the heart of Centretown! Ideally located on a quiet cul-de-sac just steps from Bank Street, the Glebe and the downtown core. This low-maintenance building offers two bright and airy 2-bed units plus two generous 1-bed units, each with access to sprawling unfinished basement space and excellent storage. Tenants enjoy in-suite laundry, private outdoor spaces, and exceptional walkability to shops, restaurants, transit, and amenities. Uniquely versatile, this rare offering provides option to maintain the current 4-unit layout, owner occupy unit 1-524 as a pied-de terre, set your own rent with a future tenant or explore the option to sever the property into two parcels (each half of the building has its own water supply and sewer line). With stable tenants and minimal groundskeeping, this established income property is a healthy addition to any portfolio with a strong cap rate. Invest confidently in one of Ottawas most sought-after rental locations. Some photos virtually staged.