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$2,950,000
1196 Rainbow St, Ottawa, ON K1J 6X9
9beds
5baths
Triplex
Built in ----
-- sqft lot
$-- Zestimate®
C$--/sqft
C$-- HOA
What's special
- 6 days
- on Zillow |
- 7 |
- 0 |
Zillow last checked: 7 hours ago
Listing updated: August 05, 2025 at 11:23am
Listed by:
RIGHT AT HOME REALTY
Source: TRREB,MLS®#: X12325228
Originating MLS®#: Ottawa Real Estate Board

Travel times
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 9
- Bathrooms: 5
Heating
- Forced Air, Gas
Cooling
- Central Air
Appliances
- Included: Water Heater Owned
Features
- Primary Bedroom - Main Floor
- Basement: Finished
- Has fireplace: No
Interior area
- Living area range: 3000-3500 null
Property
Parking
- Total spaces: 9
- Parking features: Garage
- Has garage: Yes
Features
- Stories: 3
- Pool features: None
Lot
- Size: 0.55 Square Feet
Details
- Parcel number: 043910840
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Triplex
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$7,870
- Date on market: 8/5/2025
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