120 Lees Avenue, Glebe - Ottawa East and Area

$1,699,000
120 Lees Avenue

$1,699,000

New
23d
Duplex3-Storey

120 Lees Avenue, Glebe - Ottawa East and Area

Total Monthly Obligation $7,915

Beds
6
Baths
4
Park
0
Sqft
1500-2000
DOM
23d
Yield
1.9%
Cash on Cash
-15.5%
Cap Rate
1.3%
5Y IRR
3.6%
10Y IRR
5.4%
Property Type-Duplex
MLS® Number-X13856038
Beds-6
Bathrooms-4
Size-1500-2000 sqft
Lot Size-25.89 × 88.97 ft
Listed on site-Sep 30, 2026
Style-3-Storey
Building Type-Duplex
Age-0-5
Taxes-$8,235 (2026)
Parking-None
Basement-Finished
Heating-Forced Air (Gas)
Brokerage-RE/MAX HALLMARK REALTY GROUP
Cooling-Central Air
Laundry-No
Fireplace-Electric
Pool-None
Facing-South
Exterior-Brick, Metal/Steel Siding
Roof-Asphalt Shingle
Foundation-Poured Concrete
Sewer-Sewer
Possession-TBD
Neighbourhood-4407 - Ottawa East
Title-Residential Freehold

No agent assigned

Purpose-built 2021 duplex in the heart of Old Ottawa East, offering exceptional modern construction and strong, stable income. This up-and-down layout features two spacious 1,300+square foot units, leased at $3,270 (lower) and $3,300 (upper) per month, delivering premium revenue in one of Ottawa's most sought-after neighbourhoods. Contemporary finishes, efficient building systems, and thoughtful design make this an ideal turnkey investment. Steps to Main Street, Elgin Street, the Rideau River & Canal, Ottawa University parks, shops, and transit this property combines lifestyle appeal with reliable returns. A rare opportunity to own a newer, fully leased asset in a top-tier location.

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Closing Costs

Mortgage Amount
$1,359,200
Land Transfer Taxes$30,455
Legal Fees (Est.)
$
Total cash required for closing$371,755

Total Monthly Obligation

$7,915/mo
Mortgage $6,853
Monthly Loss $6,111
Principal$1,803
Interest$5,050
Property Tax$686
Home Insurance$125
Variable Costs$250

No rent estimate available. Enter a monthly rent in Assumptions & Inputs below to calculate.

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*This analysis is independently generated NOT provided by TREB or CREA.

Comparables

Properties near 120 Lees Avenue

Time

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