This unique legal Triplex, currently being used by one family, sits on a large 200' x 120' corner lot in a sought-after light industrial zone "IL2 H(14)". The property offers incredible potential with approximately 1,500 sq. ft. of newly constructed covered storage areas, ideal for various commercial and residential uses. Inside, the well-maintained units feature 10 versatile rooms, each offering the possibility for conversion into separate office spaces or other functional layouts to suit your needs. The expansive yard, measuring 100' x 120', is perfect for a range of operations, including warehousing, manufacturing, light assembly, research and development, offices, and select retail ventures. Benefit from unbeatable accessibility with quick access to Highway 417 via the Montreal Road exit and local transit just steps away. Ideally situated at the corner of Canotek Road and Rainbow Street, this property is surrounded by a variety of amenities and businesses, making it an excellent location for both residential and commercial uses. This is a rare opportunity to invest in a property that combines space, flexibility, and unmatched location. Don't miss out!
For sale
C$3,099,000
1196 Rainbow St, Ottawa, ON K1J 6X9
9beds
5baths
Single Family Residence
Built in ----
0.55 Acres Lot
$-- Zestimate®
C$--/sqft
C$-- HOA
What's special
- 118 days
- on Zillow |
- 16 |
- 1 |
Zillow last checked: 7 hours ago
Listing updated: April 15, 2025 at 04:00am
Listed by:
RIGHT AT HOME REALTY
Source: TRREB,MLS®#: X11951780
Originating MLS®#: OREB

Travel times
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 9
- Bathrooms: 5
Heating
- Forced Air, Gas
Cooling
- Central Air
Features
- Water Meter
- Basement: Apartment,Finished
- Has fireplace: Yes
Interior area
- Living area range: 5000 + null
Property
Parking
- Total spaces: 9
- Parking features: Covered, Front Yard Parking
- Has garage: Yes
Features
- Stories: 3
- Patio & porch: Patio
- Exterior features: Lighting
- Pool features: None
Lot
- Size: 0.55 Acres
- Features: Park, Public Transit, School, Rec./Commun.Centre, Library, Irregular Lot
Details
- Parcel number: 043910840
- Other equipment: Ventilation System
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Brick, Vinyl Siding
- Foundation: Brick
- Roof: Tar/Gravel
Utilities & green energy
- Sewer: Sewer
Community & HOA
Location
- Region: Ottawa
Financial & listing details
- Annual tax amount: C$8,577
- Date on market: 2/3/2025
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