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$1,199,000
Ottawa
10 Sherbrooke Avenue, Ottawa, Ontario, K1Y1R7
This multi-family property in Ottawa is for sale.
Attention Smart Investors! Are you looking to add to, or diversify your existing investment portfolio? Look no further than this incredible opportunity in one of Ottawa's most vibrant and sought-after neighbourhoods. Welcome to 10 Sherbrooke Avenue, a beautifully renovated, cinder block four-plex located just steps off the bustling Wellington Street. This converted former commercial building is a fully stabilized multi-unit dwelling containing four well-appointed one-bedroom and one-bathroom units currently rented above market rents and with five hydro meters. This turn key investment property has a 6% cap rate and is fully rented with ideal tenants and grosses an annual income of $96,672. Looking to increase cash flow further? With R4UB zoning and an engineer's report confirming the possibility of adding vertically to the building, there are many possibilities. Nestled in a prime location, this property is within walking distance to trendy boutiques, gourmet restaurants, charming cafes, and beautiful parks, offering an unbeatable lifestyle for your tenants. Don't miss out on this prime investment opportunity. (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 127 days on market, against an average age of 62 days across the listings currently for sale in this city
This 4-bed multi-family in Ottawa is available now. Want me to connect you with the agent or keep you posted on any price updates?
Approximate location — exact address confirmed upon showing
This home lists at $1,199,000, about 12.1× the local median household income of $99,000.
Carrying it typically needs a household income of about $234,207 (20% down, 25-yr amortization, stress-tested) — roughly 137% above the area median.
Source: Statistics Canada, 2021 Census (FSA K1Y)
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Loading rates, 30-yr amortization
Cash Needed to Close
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