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Duplex / Triplex · Ottawa, Canada
Hintonburg Legal Triplex
Hintonburg, off Wellington West
The opportunity
Hintonburg Legal Triplex is a 1955 three-unit building, legal and registered, held by one owner since 2004. All three tenants are long-term and 18% under market — that is the whole story: the gap is real, and it only closes on turnover. Two units were last painted in 2016 and will need $25K each to reach the rents the street supports. Financing treats it as residential, which is why the entry cap looks thin next to a commercial plex.
- Legal, registered three-unit — not a conversion
- 18% rent-to-market gap across all three units
- Separate hydro meters, owner pays heat only