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$ 5,000,000
Est. payment | /mo
16 Beds
12 Baths
5,000 SqFt
$ 5,000,000
Est. payment | /mo
16 Beds
12 Baths
5,000 SqFt
Key Details
Property Type Single Family Home
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Square Footage 5,000 sqft
Price per Sqft $1,000
Subdivision 909 - Carleton Place
MLS® Listing ID X12392560
Bedrooms 16
Property Sub-Type Freehold
Source Ottawa Real Estate Board
Property Description
Brand-new 12-unit apartment building located in Ottawa, offering strong income potential with an estimated annual rent roll of $300,600. The property consists of eight one-bedroom and four two-bedroom apartments, each equipped with five appliances and individual storage lockers. The units feature luxury vinyl tile flooring in the living areas, kitchens, and bedrooms, complemented by ceramic tile in the bathrooms. Modern design and quality finishes are consistent throughout the building. Please note that there is no on-site parking.As a newly constructed building, this is a turnkey, low-maintenance investment ideally situated in a high-demand rental market. Based on current projected revenue and normalized expenses, the cap rate is estimated at 4.21%. Asking rents are set at $2,400 for the two-bedroom units, $1,950 for the one-bedroom units, and $1,800 for a basement one-bedroom unit. This represents a rare opportunity to acquire a newly built, income-generating property with strong rental demand and solid long-term upside in Ottawas competitive multi-residential market. (id:24570)
Location
Province ON
Rooms
Kitchen 0.0
Interior
Heating Hot water radiator heat
Cooling Wall unit, Air exchanger, Ventilation system
Exterior
Parking Features No
View Y/N No
Private Pool No
Building
Sewer Sanitary sewer
Others
Ownership Freehold
Listed by RE/MAX HALLMARK REALTY GROUP
