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$1,550,000
Ottawa
202 Rochester Street, Ottawa, Ontario, K1R7M6
This multi-family property in Ottawa is for sale offering roughly 6,063 sq ft of space. It has been on the market 37 days, fresher than the Ottawa average of 62 days.
Investment opportunity in the heart of Ottawa's Centre town West/Little Italy. This well-positioned six-unit multi-residential property offers a strong combination of current income and future upside. Featuring three 2-bedroom units, two 3-bedroom units, and one 1-bedroom unit, the property generates approximately $129,600 in gross annual rental income. The property benefits from rear parking, generous unit layouts, and opportunities to further optimize rents and operating expenses. Located steps from Preston Street and Chinatown, with convenient access to restaurants, retail, transit, and ongoing infill development throughout the surrounding area. A solid income-producing asset in a central Ottawa location with long-term investment potential. (id:66096)
Features and services as supplied by the listing brokerage.
Extended: 37 days on market, against an average age of 62 days across the listings currently for sale in this city
This multi-family in Ottawa has been listed for 37 days, which is 25 days fresher than the city average of 62. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $1,550,000, about 20.9× the local median household income of $74,000.
Carrying it typically needs a household income of about $302,769 (20% down, 25-yr amortization, stress-tested) — roughly 309% above the area median.
Source: Statistics Canada, 2021 Census (FSA K1R)
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Loading rates, 30-yr amortization
Cash Needed to Close
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