$ 1,649,999
-
$1,649,999
Price -
13
Bed -
6
Bath -
5,000
SqFt
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About the Listing 493500 -
INVESTOR ALERT - 5.5% CAP RATE IN LITTLE ITALY.Exceptional opportunity to acquire a 6-unit multi-residential asset in one of Ottawa's most supply-constrained and high-demand rental markets. This property offers a strong and versatile unit mix of three 2-bedroom units, two 3-bedroom units, and one 1-bedroom unit, delivering immediate income with long-term upside. Current cap rate of approximately 5.5% provides a compelling return in a premium urban location. Two units feature large private decks, a rare value-add in central Ottawa that supports tenant retention and potential rental premiums. A rear parking lot further enhances tenant demand and income stability. Numerous updates and renovations have already been completed, reducing near-term capital expenditures, while remaining cosmetic improvements present a clear opportunity to further increase rents and overall asset value. Each unit offers functional layouts with generous living spaces, appealing to a broad tenant base including professionals, families, and students. The location drives consistent occupancy, situated steps from Preston Street's vibrant restaurant and retail corridor, and minutes to Dow's Lake, the Arboretum, Carleton University, the O-Train, and major downtown employment hubs. This is a rare chance to secure a 6-plex in Little Italy at a 5.5% cap rate-a combination of yield, location, and upside that is increasingly difficult to find. Ideal for investors seeking strong cash flow, future rent growth, and long-term appreciation. Act quickly. Some images have been virtually staged to protect tenant privacy.
Listing Highlights
Status
Active
Days on Site
182
Property Type
Multi-Family
MLS ®
X12372575
Year Built
Total Square Footage
5,000
Lot/Acreage
5350
Interior Details
- Bedrooms: 13
- Bathrooms: 6 Full
- Appliances:
- Air Cond:
- Heating:
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement: Unfinished
- Other: 6 Kitchens
- Water:
Exterior Details
- Garage Capacity: 1 car
- Roof: Asphalt Rolled
- Others:
- Sewer: Sewer
- Parking Features: Private
Financial Details
- Tax Amount: $13,810
- Taxes w/Assessments: N/A
- Tax/Property ID: 041080050
- Tax Year: 2024
Payment Calculator
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202 Rochester St West Centre Town, ON K1R 7M6
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