698 Cooper Street
4102 - Ottawa Centre, Ottawa Centre, K1R 6C6
FOR SALE
$1,640,000
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6
BEDROOMS4
BATHROOMS3
KITCHENS19
ROOMSX12706754
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Property Description
Exceptional mixed-use fourplex prominently positioned on the corner of Cooper and Percy in the heart of high-demand Centretown. This income-generating asset features three residential units (one 3-bedroom, one 2-bedroom, and one 1-bedroom) plus a street-level commercial space currently leased to a barber shop until the end of 2027. The main floor offers excellent flexibility, currently configured as a three-bedroom residential unit with full basement alongside the commercial storefront. The second floor includes two well-appointed apartments, each with access to its own rooftop space and common washer/dryer. Residential units 1, 2 & 3 were renovated in 2021, with a new roof and new windows (3-bedroom unit) completed the same year. All appliances, light fixtures, HWT, and A/C units are included. Current rents: Barbershop approx. $35,670/year; 2-bedroom $23,400/year; 1-bedroom $19,680/year; 3-bedroom was recently owner-occupied (previously rented at $3,100/month) and is now vacant. Residential Neighbourhood Commercial zoning; buyer to complete due diligence regarding zoning and permitted uses under Ottawa zoning by-laws. Located steps to public transit and within walking distance to shops, restaurants, Chinatown, Little Italy, Lebreton Flats, and directly across from the Rideau Curling Club. A high-visibility corner property primed for growth-ideal for investors seeking stable income, value-add potential, or an owner-occupier opportunity. Check out our video tour.
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Property Features
Carpet Free, In-Law Suite, Accessory Apartment, Separate Hydro Meter, Primary Bedroom - Main Floor, Street Only
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Property Details
Address
698 Cooper Street
Community
City
Postal Code
K1R 6C6
Property Type
Fourplex, Fourplex
Zoning
R4UD[478]-c
Lot Size
33' x 72'
Taxes
$7,500 (2025
Basement
Partially Finished
Exterior
Patio
Heat Type
Forced Air
Heat Source
Gas
Water
Municipal
Garage Type
None
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Listing contracted with Details Realty Inc.
Welcome to 66 Delaware Avenue, Golden Triangle Ottawa! In an area with easy access to winter and summer sports, shopping, dining, entertainment, parks, bike baths, and more sits this lovely, well maintained four unit architecturally interesting building. The ground floor holds Apt.1 - 2 bedroom, 1 4pc bath, gourmet kitchen w/four appliances and inside access to basement laundry and storage. 2nd floor is home to large 1 bedroom, 3 piece bath, custom newer kitchen w/4 appliances and also a lovely large two room studio apartment with south facing deck, 2 kitchen appliances included. 3rd floor features a large 2 bedroom unit, with 2 kitchen appliances. Units 2 @ 3 pay hydro. The building is efficiently heated by hot water natural gas radiant heat. High ceilings all newer vinyl tilt & clean windows. N. Gas Boiler and all Asphalt Shingled roofs have been re done over the past 12 years.
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Located in the heart of Centretown, this very well-maintained fourplex offers a rare combination of strong in-place income and owner-occupier flexibility. The owner-occupied main unit features 2 bedrooms plus a den, access to a large private deck, and offers potential rental income of approximately $2,400/month, making it ideal for an investor or buyer seeking a live-in investment opportunity. The remaining units include a 2-bedroom second-floor apartment currently rented at $2,280/month, a spacious one-bedroom third-floor unit rented at $1,880/month, and a recently renovated one-bedroom basement apartment rented at $1,640/month. Each unit includes the convenience of its own in-unit laundry. A standout feature of this property is the rare six on-site parking spaces, along with a garage currently used as a workshop, offering additional flexibility. The space may present an opportunity for future rental income or conversion back to a garage, subject to buyer due diligence and any required approvals. Ideally located close to transit, shops, restaurants, and downtown amenities, this property represents a compelling opportunity for investors or owner-occupiers looking to establish themselves in one of Ottawa's most sought-after central neighbourhoods.
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