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$1,995,000
Ottawa
824 Kirkwood Avenue, Ottawa, Ontario, K1Z5Y2
This multi-family property in Ottawa is for sale.
Description: Turn-key 6-unit multifamily in west-central Ottawa - a well-kept, purpose-built brick low-rise with durable cash flow and upside. Mix of four 2-bed/1-bath suites and two 1-bed/1-bath, many renovated with updated finishes.Approx. $128,040 gross income and projected NOI near $100,700 - a 5.05% cap rate at $1,995,000. Includes 3 garages, 9 surface spaces, 6 interior lockers, and coin operated laundry. Recent capital work: pavement (2024), front door (2023), foundation sealing (2018), windows (2018), boiler and roof (2015). Professionally managed by Easy Street Services. Steps from Westboro, Hintonburg and Wellington West, with quick access to the Civic Hospital, downtown, Carleton University, Algonquin College and the rest of Ottawa through the nearby highway 417. Potential upside through turnover, suite upgrades, and storage income; CM1 zoning may support future development (buyer to verify). Offered as-is; figures to be verified. Limitations to showings: 9:30 am to 2 pm Tuesday and Thursday, 9 am to 3 pm Monday, Wednesday, Friday, Saturday, Sunday. Some photos virtually staged. (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 133 days on market, against an average age of 62 days across the listings currently for sale in this city
This 10-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 $1,995,000, about 25.9× the local median household income of $77,000.
Carrying it typically needs a household income of about $389,693 (20% down, 25-yr amortization, stress-tested) — roughly 406% above the area median.
Source: Statistics Canada, 2021 Census (FSA K1Z)
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Loading rates, 30-yr amortization
Cash Needed to Close
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