85 Waverly St.

“Walkable Lifestyle. Reliable Investment.”

Positioned on one of Ottawa’s most desirable urban streets, just steps from the Rideau Canal and moments to the cafés, restaurants, boutiques, and everyday conveniences of Golden Triangle and Elgin Street, this handsome brick triplex presents a rare opportunity for both investors and future owner-occupiers alike.

Rich in character, the building showcases attractive heritage-inspired brick detailing that gives the property a distinctive architectural presence while reinforcing the enduring appeal of solid brick construction — an increasingly valuable asset in one of Ottawa’s most consistently desirable rental locations.

Set on a quiet residential street lined with attractive homes and long-term neighbors, the property benefits from a location that continues to attract high-quality tenants seeking an urban lifestyle centered around walkability, green space, and community connection. The Rideau Canal pathways are just a three-minute walk away, while Elgin Street’s vibrant shops, cafés, restaurants, and services are only five minutes from the front door.

The building comprises three well-rented units with excellent tenants currently in place, generating annual rental income exceeding $60,000 with approximately $21,000 in yearly expenses. Rear laneway access provides parking and year-round convenience, with the lane maintained and plowed in winter months.

Beyond the existing income potential, the property also offers long-term upside and flexibility. Whether maintained as a stable investment property, gradually updated to further enhance revenue potential, or eventually reimagined as a future owner-occupied residence with income support, the combination of location, lot size, brick construction, and neighborhood demand creates a compelling opportunity for growth over time.

With a 30 x 93 ft lot, rear lane access and one of Ottawa’s most walkable urban settings, this is the kind of property that rarely loses relevance — a smart investment today and an exciting opportunity for the future.

TESKEY-CARTWRIGHT 613.859.6599 / 613.296.6708