If you have been looking for a Multi-Residential Investment Opportunity- this is the one! Purpose-built, five-unit building built in 2023. Each unit is open-concept, modern and bright with 2 bedrooms, a full bath and a combined Dining/Living area off a kitchen with an Island. All of this PLUS each unit has in-suite laundry! There's indoor parking as well as extra outdoor parking, and this building is extremely well located minutes from Merrickville. All 5 units are rented at current market rates. Investment opportunities do not come up like this often. Taxes per Geowarehouse. Sold under power of sale. Sold As-Is, Where Is. Seller does not warranty any aspects of property, including but not limited to: sizes, taxes or condition.
Three-story multiplex (residential income / multi family)
Parking
Total of 10 parking spaces with 4 covered spaces and a garage
Construction
Aluminum siding and brick exterior
Asphalt roof
Utilities
Public water
Sale and tax history for 117 W Drummond St W
Sale History
Tax History
Date
Event
Price
TREB #X13687196
Aug 18, 2026
Listed
$1,599,900
TREB #X13458784
Aug 12, 2026
Price Changed
$2,200,000
Aug 12, 2026
Price Changed
$1,700,000
Jun 26, 2026
Price Changed
$2,200,000
Jun 18, 2026
Price Changed
$2,400,000
Jun 17, 2026
Listed
$1,999,999
+4
Exceptional Multi-Residential Investment Opportunity in the Heart of Merrickville Located in one of Eastern Ontario's most charming communities this purpose-built five-unit apartment building offers investors an outstanding combination of stable income, modern construction, and virtually worry-free ownership. Situated minutes away from Merrickville vibrant downtown core, residents enjoy convenient access to boutique shopping, restaurants, cafés, galleries, and the historic Rideau Canal. Constructed two years ago, this attractive building has been thoughtfully designed with both tenant comfort and long-term ownership in mind. The property consists of five spacious two-bedroom apartments featuring contemporary layouts, quality finishes, and modern conveniences that continue to attract and retain excellent tenants. Each suite offers a bright, open-concept floor plan highlighted by soaring ceilings and generous living spaces that create an airy, welcoming atmosphere. Large windows allow for an abundance of natural light throughout the day, while modern electric fireplaces provide warmth, character. The kitchens are equipped with stainless steel appliances and ample cabinetry, seamlessly flowing into the dining and living spaces. In-suite laundry, spacious bedrooms, well-appointed bathrooms, and efficient floor plans that maximize functionality and comfort. Four of the five apartments feature private balconies, providing valuable outdoor living space. The property includes both indoor and outdoor parking accommodations. The building's low-maintenance design and relatively recent construction mean investors can focus on income generation rather than capital expenditures. All units are currently rented at market rates. The quality of the building, desirable suite layouts, and prime location contribute to strong tenant demand and excellent long-term rental prospects.
As the MLS and public records start to fill up, we'll list the details here.