Ottawa, Ontario

$13M CMHC-insured 3.75% 40 year assumable Mortgage - A rare opportunity to acquire a purpose-built 40-unit building in the heart of Sandy Hill, within downtown Ottawa, delivering an impressive NOI of $715,980 and a major built-in value-add. Included with the offering is an approved, permit-ready addition directly beside the existing building, allowing for the development of 18 additional units, a future expansion opportunity exceptionally hard to find in today's market. All suites have been fully renovated since 2020, and along with the modernized finishes, unit layouts were thoughtfully optimized to improve livability and long-term rental performance. Previous ownership also completed substantial infrastructure upgrades, including hydro vault (2006), elevator rebuild to new (2010), roof (2012), lobby doors (2012), dual boilers (2014), and balcony updates (2015). These capital improvements significantly reduce near-term maintenance exposure while supporting premium furnished rents. The building offers a desirable mix of studio, one-bedroom, and two-bedroom suites, all fully furnished and with utilities included, attracting a strong and dependable tenant base of young professionals and students. Located along Laurier Avenue, the property benefits from unmatched proximity to downtown amenities, Ottawa University, government offices, and major transit corridors, making these units consistently easy to lease. This is a high-performing, centrally located multi-residential asset with a dynamic tenant pool, fully updated interiors, substantial capital improvements, and a shovel-ready expansion opportunity. (id:63679)

Ottawa, Ontario

Welcome to an exceptional investment opportunity in one of downtown's most sought-after rental neighbourhoods, Lower Town. This impeccably maintained 26-unit building offers bright, spacious apartments, a strong and established tenant-base with consistent occupancy, strategic building upgrades, and valuable R5 H(18) F(2.0) zoning. Located prominently at the corner of Clarence Street East and Cobourg Street, 60 Cobourg Street comprises 22 apartment units in the main building, along with four townhouse-style units featuring private entrances on Clarence Street East. All 26 units were comprehensively upgraded in 2011, featuring a cohesive design with hardwood flooring and matching kitchens equipped with dishwashers, with the roof, windows, electrical and domestic plumbing also fully replaced in 2011. The common hallways are designed to blend the building's original character with an elevated, upscale aesthetic. Updated hallways feature fresh paint, LED lighting, and tasteful artwork, creating a warm and welcoming atmosphere for residents. The property is ideally situated just steps from the many amenities of Rideau Street, a short walk to the University of Ottawa campus, and directly serviced by public transit at the front door. MacDonald Gardens Park is located directly across the street, an ideal green space for tenants, further enhancing the appeal of the location.Thanks to its prime setting and meticulous upkeep, the property has historically re-rented easily and efficiently to qualified applicants, primarily young professionals; resulting in a consistently fully-tenanted rent roll. The unit-mix includes two bachelor units, seven one-bedroom units, six one-bedroom plus den units, ten two-bedroom units, and one three-bedroom unit. Additional features include three newer card-operated stackable laundry machines, providing tenants with the convenience of on-site laundry while generating reliable income for the owner. Attractive upside potential on current rent roll. (id:63679)

Ottawa, Ontario

Exceptional investment opportunity in a prime Ottawa location. This 30-unit building at 1216 Shillington Avenue features a strong unit mix: 1 bachelor, 28 one-bed units, and 1 two-bed unit. Ideally situated close to the Civic Hospital, major amenities, and with easy access to Highway 417, this property offers reliable rental performance and long-term growth potential. A rare chance to secure a high-demand multi-family asset in a central, sought-after area. 22 units have been renovated recently. 28 of 30 units are separately metered. Approximately 30 parking spaces. CA required to release financials. (id:63679)

Mississippi Mills, Ontario

Purpose-built 24-unit apartment building completed in 2020, located in the growing community of Almonte, approximately 20 minutes west of Ottawa. This modern three-storey asset features a strong and practical unit mix comprised of 17 two-bedroom units, 2 one-bedroom units, and 5 three-bedroom units, and is serviced by an elevator, making it attractive to a broad range of tenants and long-term demographic demand.Suites range from approximately 650 to 955 square feet and feature efficient, open-concept layouts. Units are finished with laminate flooring, are equipped with fridge, stove, dishwasher, and window coverings. Coinamatic's modern laundry facilities are conveniently located on every floor.From an operational standpoint, the property is designed for efficiency and ease of management. Tenants pay hydro, while the landlord pays gas heat, water, and sewer. The site offers approximately 30 parking spaces plus 5 visitor parking, with additional street parking available. Security features include controlled entry with intercom and camera-monitored common areas.As a newer construction, the property has benefited from favourable property tax treatment applicable to new multi-residential rental developments, subject to municipal tax classifications. In addition, as a post-2018 construction, the building benefits from rent control exemption, providing meaningful long-term income growth potential.Ideally situated within walking distance to grocery stores, pharmacies, restaurants, banks, parks, coffee shops, and essential services, the property benefits from Almonte's continued population growth and proximity to Ottawa's west end.A modern, scalable multifamily asset offering strong fundamentals, durable construction, and long-term stability in a supply-constrained rental market. (id:63679)

Mississippi Mills, Ontario

Modern luxury meets unbeatable location with this prime investment opportunity in vibrant downtown Mississippi Mills / Almonte! This stunning 2024-built property boasts 13 tastefully designed units offering modern finishes, high ceilings, and beautiful views overlooking the Mississippi River and the charming heritage architecture of downtown Almonte. 9 townhomes each feature 3 bedrooms, 2 bathrooms (including double sinks in the master bathroom), and fully finished basements with washer/dryer hook-ups. 4-unit apartment building features 3 x 2 bedroom units and 1 x 1 bedroom unit. Prime downtown location places your tenants within walking distance of everything they need. Almonte General Hospital, major shopping centers, grocery stores, and popular event centers are all just steps away. Additionally, the property directly abuts the Ottawa Valley Rail Trail, a multi-use pathway perfect for cyclists, walkers, and outdoor enthusiasts. (id:63679)

Perth, Ontario

NEW PRICE! The Southview is a high quality, well maintained apartment building just off Provincial Highway 7 in Perth, close to necessity-based shopping, as well as the historical downtown core. Consisting of 32 apartments (14 x 1 bdrm, 18 x 2 bdrm), all apartments are sun-filled, functionally designed and feature either balconies, or walkout patios. These apartments are in high demand with the building consistently maintaining full occupancy. Well located within the town of Perth, with a municipal park, and retirement home immediately abutting the property. The nearby Perth Mews Shopping Centre, just 5 minutes away by foot, includes a Loblaws Independent Grocer, and recently added Starbucks and Mark's Work Warehouse as tenants. The Southview is also just a few blocks from Perth's thriving downtown core, popular for its historical sites and cultural events. (id:63679)

Ottawa, Ontario

Welcome to 360 Friel Street an exceptional turnkey investment opportunity featuring 16 residential units with separate hydro meters, comprised of 9 fully renovated and refurbished units, 7 newly constructed additional units (recently completed). Unit Breakdown: 1 Three-Bedroom Unit, 3 Two-Bedroom Units, 2 One-Bedroom Units, 10 Studio Units. All units are fully furnished and separately metered, offering operational efficiency, reduced utility risk, and strong tenant appeal. The seller is willing to lease all units, providing investors with a stabilized, income-producing asset from day one. Income Overview Projected Residential Rental Income: $402,420.00, Parking Income: $1,800.00, Laundry Income: $3,780.00, Total Projected Gross Income:$408,000.00, Annually Projected 2026 Operating Expenses Vacancy (2%) - $8,084.00, Property Taxes (5.42%) - $21,484.00, Utilities (5.82%) - $23,064.00 (Heat, Water, Hydro) Repairs & Maintenance (4%) - $15,845.00, Property Management (3.96%) - $15,687.00, Property Insurance (6.85%) - $27,125.00Advertising (0.5%) - $1,981.00, Total Projected Operating Expenses: $113,270.00. Financial Summary - Gross Income: $408,000.00, Less Operating Expenses: $113,270.00, Estimated Net Operating Income (NOI): $294,690.00 annually. This newly completed, fully furnished multi-unit property presents a rare opportunity to acquire a modern, income-generating asset with strong projected returns and long-term growth potential. (id:63679)

Arnprior, Ontario

NEW PRICE! Campbell Place is a highly popular, well located apartment rental property in Arnprior consisting of 34 apartments (1 x studio, 15 x 1 bedroom and 18 x 2 bedroom) on a spacious 1.27 acre lot. Carefully owned and managed by the original builder since its construction and consistently maintaining a full occupancy. All apartments feature ample living space, and walk-out patios or balconies. Many master bedrooms featuring walk-in closets. Units consistently and tastefully updated on turnovers. Highly convenient location, just off Daniel Street, the main artery connecting Highway 417 to the downtown core with tenants enjoying quick access to both. Tenants also benefit from living just 400m (6 minute walk) from Arnprior Shopping Centre, the town's main shopping destination, and 500m (7 minute walk) from the Nick Smith Centre, Arnprior's community recreation hub with two ice surfaces and a public swimming pool. (id:63679)

Arnprior, Ontario

NEW PRICE! The Campbellview is a highly popular, well-located apartment rental property in Arnprior consisting of 32 apartments (14 x 1 bedroom and 18 x 2 bedroom) on a spacious 1.07 acre lot. Diligently managed by the original builder since it's construction and easily maintaining full occupancy. Highly functional, sun-filled apartment layouts with ample living space and walk-out patios or balconies. Many master bedrooms featuring walk-in closets. Units consistently and tastefully updated on turnovers. Convenient location, just off Daniel Street, the main artery connecting Highway 417 to the downtown core with tenants enjoying quick access to both. Tenants also benefit from living just 400m (6 minute walk) from Arnprior Shopping Centre, the town's main shopping destination, and 500m (7 minute walk) from the Nick Smith Centre, Arnprior's community recreation hub with two ice surfaces and a public swimming pool. (id:63679)

Ottawa, Ontario

Well, maintain a solid 15-unit building, which includes 6-2 bedrooms, 8-1 bedrooms, and 1 bachelor apartment.. Many updates have been completed in most of the units in the last 9 years including bathrooms and kitchen. The roof was redone in 2016, All units are above ground with 8 covered parking and 4 surface parking spaces. in the Mortgage Details: CMCH 1st Mortgage / First National $1,637,000 Maturity: September 1,2026 at 2.47% Payments: P/I $7949 monthly (id:63679)

Ottawa, Ontario

Fantastic investment property in the heart of Sandy Hill. This purpose-built 7-unit has higher end finishes with all of the modern touches. Open-concept kitchen, living and dining rooms. LED pot lights and exposed ductwork. Quartz counters, modern tile and SS appliances in the kitchen. Each unit is self-contained with its own furnace, hydro meter, on-demand hot water tank, and 1-piece stacked washer/dryer. All units have central air, except Unit 7 on the lower level. Pictures of units were staged and prior to current tenants moving in. (id:63679)

Ottawa, Ontario

Investors/Developers Delight! 3 solid 6 unit buildings with 18 large apartments with potential 6 more units(in the lower levels!), 3 buildings are side-by-side on 3 large lots offering you 12 x 2 bedroom apartments and 6 x 1 bedroom apartments. Rents are low but have potential for increasing. 15 min bus ride to the University of Ottawa and Parliament Hill! Each building was recently(2022) appraised for $1,500,000 each. ($4,500,000 for all 3 buildings). Call today! Please visit the REALTOR website for further information about this Listing. (id:63679)