20 photos


$749,900
ActiveAbout this Property
- 1,2 bedroom $1500 per month, Apt
- Large detached garage/shed on the property with 60 amp service, potential for storage income
- 56 acres with plenty of Parking and no rear neighbours
Great Investment Opportunity! Large lot , .56 acres with plenty of Parking and no rear neighbours. Large detached garage/shed on the property with 60 amp service, potential for storage income. Updates include, but are not limited to: Furnace 2019, Drywall Fire Separations, Electrical, Air conditioning 2022, kitchen cabinets Unit # 1, 2019, new flat roofs, 2023, Septic cleaned and water tested regularly. The property has had 3 Apt. units for over 25-30 years. The buyer will need to conduct their own due diligence with the city regarding the property, as a legal non-conforming Triplex, at their own expense. Rental Income Apt. 1,2 bedroom $1500 per month, Apt. 2 1 bedroom, $1400, Apt. 3, 2 Bedroom, $ 1600/mos. Property generates a total of $ 4500/mth. 2 of 3 leases are now m-t-m with the latest tenant on a 1-year lease. Summary of expenses available upon request. Above-grade square footage is an estimate. Enjoy the amenities & lifestyle offerings of lovely Manotick, walking distance to St Mark's High School & George Nelms Sports Park, a short commute to downtown and close to the 416. Don't miss this opportunity! Property and appliances are being sold " as is, where is " condition. SHOWINGS REQUESTS: 48 hours notice for Showings as the property is tenant-occupied.
Listed by ROYAL LEPAGE TEAM REALTY · MLS# X13107692
About Riverside South
Riverside South is one of Ottawa's fastest-growing and most modern suburban communities, attracting young families and first-time buyers with its combination of new construction, competitive pricing, and a master-planned community design that prioritizes parks, pathways, and family amenities. Located south of the Rideau River between Manotick and Barrhaven, Riverside South has evolved from farmland into a thriving community of over 15,000 residents in just two decades.
Features & Details
Property details of 5535 Mitch Owens Road, Ottawa, ON
Market Insights for Detached in Riverside South
Based on 33 sales in the last 90 days
Seller’s Market
Demand is outpacing supply. Sellers can expect competitive offers and strong pricing.
New Listings
33
Avg Days on Market
29 days
Avg Price/Sq Ft
$374
Location
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Akash Sharma
REALTOR® · Ali Realty Group Inc.
Ottawa's trusted real estate partner with 170+ successful transactions and $30M+ in sales.
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