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Ryan Cole

ryan.cole@engelvoelkers.com +1(613) 295-2986

$ 899,990

Est. payment -/mo

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Price Dropped by $99K

55 Saginaw CRES Cityview - Parkwoods Hills - Rideau Shore, ON K2E 6Y8

7 Beds

4 Baths

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

Approx. Sqft 2000-2500

Subdivision 7202 - Borden Farm/Stewart Farm/Carleton Heights/Parkwood Hills

MLS Listing ID X14120890

Style 2-Storey

Bedrooms 7

Annual Tax Amount $6,526

Tax Year 2026

Property Sub-Type Triplex

Property Description

Rare Income Property with 3 Self-Contained Units, Strong Cash Flow Potential, Over 2,500 Sq. Ft. Rarely offered turnkey investment opportunity on a quiet, family-friendly crescent. This exceptionally spacious property offers over 2,500 sq. ft. of living space and is currently configured as three self-contained units, making it an ideal addition to any real estate portfolio.The property features: Main Floor Unit (Vacant): Approx. 1,500 sq. ft., 3 bedrooms, 1.5 bathrooms, providing immediate rental upside or the opportunity for owner occupancy while generating income from the other units. Upper Unit: 2 bedrooms, 1 bathroom, leased at $1,800/month (utilities included) until April 2027. Lower Unit: 2 bedrooms, 1 bathroom, rented at $1,990/month (utilities included) on a month-to-month basis. Excellent tenants who would be happy to remain. Investors will appreciate the extensive recent capital improvements, including a new furnace, tankless hot water system, and R60 attic insulation (2026), replacement of underground pipes, pool equipment upgrades, decks, fencing, and numerous additional updates that help reduce future maintenance costs. Outside, tenants enjoy a fully fenced backyard featuring a gated in-ground pool, a highly desirable amenity that enhances rental appeal. The property also offers 3-lane parking for up to 5 vehicles, adding further convenience and value. Whether maintaining the current multi-unit configuration for steady rental income, increasing rents over time, or converting back to a large single-family home, this property offers exceptional flexibility and long-term appreciation potential. Vacant main-floor unit allows immediate market rent positioning. A rare opportunity to acquire a well-maintained, income-generating asset with strong existing tenancy and significant upside potential. Book your private showing today!

Location

Province ON

County Ottawa

Area Ottawa

Rooms

Family Room Yes

Basement Apartment, Finished, Full, Separate Entrance

Kitchen 3

Interior

Interior Features Accessory Apartment, Auto Garage Door Remote, Floor Drain, In-Law Suite, On Demand Water Heater, Storage, Upgraded Insulation, Water Heater Owned

Cooling Central Air

Fireplaces Type Family Room

Fireplace Yes

Heat Source Gas

Exterior

Garage Spaces 1.0

Pool Inground

Roof Type Asphalt Shingle

Lot Frontage 65.0

Lot Depth 100.0

Total Parking Spaces 6

Building

Building Age 51-99

Foundation Block, Concrete

Others

ParcelsYN No

Virtual Tour https://youtu.be/AYxcXNFLyko?si=ayn6TwvZqlU_LBW6

Listed by DETAILS REALTY INC.

NEARBY SCHOOLS & PROPERTIES

Ryan Cole

Advisor

+1(613) 295-2986

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