Listed for:Listed 16 days ago
$1,699,000

120 Lees Avenue

Ottawa (Ottawa East), ON K1S 5M1

Multiplex For Sale
Kim Karimi
Kim Karimi

Real Estate Broker

416-838-3031
Down Payment AssistanceGet Best Mortgage Rates

Sale & Price History for 120 Lees Avenue, Ottawa, Ottawa East

No listing history available

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*Sold prices and complete sale & price history are regulated data. Under the Trust in Real Estate Services Act, 2002 (TRESA) and the rules of the Real Estate Council of Ontario (RECO), and pursuant to the Multiple Listing Service® rules of the Canadian Real Estate Association (CREA) and the Toronto Regional Real Estate Board (TRREB), this information may be shown only to registered users who have agreed to the applicable terms of use (a Virtual Office Website, or "VOW," arrangement). HOMEH Inc., Brokerage therefore provides it to signed-in members only. Creating an account is free and takes under a minute.

About 120 Lees Avenue, Ottawa, Ottawa East

Summarized Description

  • Newly built duplex in Old Ottawa South.
  • Turnkey investment with strong rental income.
  • Two spacious units over 1,300 square feet.
  • Modern construction with exceptional finishes.
  • Located near parks, shops, and transit.
  • Leased units generating premium revenue.
  • Ideal location in a sought-after neighbourhood.
  • Rare opportunity for a fully leased asset.

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.

Key Facts & Features

Property Costs

Annual Property Tax Amount
$8,235
Land Transfer Tax Fee
$30,455

Rental Items

Rental Equipment
NONE

Basement Type
Finished

Interior Features

Interior Extras
Carpet Free, ERV/HRV, On Demand Water Heater
Fireplace/Stove
Yes
Fireplace Features
Electric
Elevator
No

Exterior Features

Pool
None
Property Features
Park, Fenced Yard

Building

Building Type
Multiplex
Building Style
3-Storey
Approx Age
0-5

Construction

Exterior Finish
Brick, Metal/Steel Siding
Roof
Asphalt Shingle
Foundation Details
Poured Concrete
Special Designation
Unknown

Lot

Lot Front
25.89 ft
Lot Depth
88.97 ft

Inclusions

Inclusions
2 Fridges, 2 Stoves, 2 Dishwashers, 2 Hoodfans, 2 Washers, 2 Dryers.

Exclusions

Exclusions
Tenants belonging

Parking & Garages

Garage Type
None
Garage Spaces
0
Parking Spaces
0
Total Garage And Parking Spaces
0

Heating & Cooling

Heat Source
Gas
Heat Type
Forced Air
Air Conditioning
Central Air
Water
Municipal
Sewers
Sewer
Natural Gas
Yes
Hydro
Yes
Cable
Yes
Telephone
Yes

Bedrooms
3 + 3
Washrooms
4
Kitchens
2

Room sizes

  • Room—
  • Room—
  • Foyer—
    Main level
  • Dining Room—
    Third level
  • Powder Room—
    Main level
  • Kitchen—
    Main level
  • Laundry—
    Second level
  • Bedroom—
    Second level
  • Powder Room—
    Third level
  • Kitchen—
    Third level
  • Foyer—
    Main level
  • Laundry—
    Lower level
  • Bathroom—
    Lower level
  • Bedroom—
    Second level
  • Bedroom—
    Lower level
  • Bedroom—
    Lower level
  • Living Room—
    Main level
  • Bedroom—
    Second level
  • Living Room—
    Third level
  • Bathroom—
    Second level
  • Dining Room—
    Main level
  • Bedroom—
    Lower level

Washrooms

  • 2-piece, Main
  • 4-piece, Lower
  • 2-piece, Second
  • 4-piece, Third

Municipality
Ottawa
Neighbourhood
Ottawa East
Main cross streets
Lees and Chestnut
Directions
Lees Avenue, East of Main Street

MLS® number
X13856038
Data source
Toronto Regional Real Estate Board
Listed on
2026-09-30
Updated on
2026-10-05
Days on market
16 days
Possession type
Flexible
Co-op commission
2.0%
Seller
Listed by
RE/MAX HALLMARK REALTY GROUP

Home Market Value

Current home valuation for 120 Lees Avenue, Ottawa, Ottawa East, Ottawa, ON. Listed for $1,699,000

HOMEH Estimate

?

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Estimated Sales Range

?

—

HOMEH Estimate for 120 Lees Avenue, Ottawa, Ottawa East

Calculated with a real agent's CMA method — 45+ years of experience, codified. Not an AI guess.

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Mortgage Payment Calculator

Compare up to 4 down payment scenarios

$
Ottawa, ON
Minimum Down Payment Required:20.0%

20% required for homes $1.5M or more

Minimum down payment

$339,800

Scenario 1 Scenario 2 Scenario 3 Scenario 4
−Down payment
%
$
%
$
%
$
%
$
+CMHC insurance
$0$0$0$0
=Total mortgage
$1,359,200$1,274,250$1,189,300$1,104,350
Amortization
Mortgage rate
%
%
%
%
Payment frequency
=Mortgage payment
$6,636monthly$6,222monthly$5,807monthly$5,392monthly
Are you a first time home buyer?

Land Transfer Tax

Provincial

$30,455

Total Land Transfer Tax

$30,455

Around this home

8/100Almost All Errands Require a Car
0/100Minimal Transit
0/100Not rated
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