About this home

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:28469)

Facts & features

Property

MLS® Number: X13483634
Property Type: Multi-family
Community Name: 5301 - Carlington
Features: Irregular Lot Size
Parking Space Total: 12

Building

Bathroom Total: 6
Bedrooms Above Ground: 8
Bedrooms Below Ground: 2
Bedrooms Total: 10
Appliances: Dishwasher, Dryer, Stove, Washer, Refrigerator
Basement Type: Full
Exterior Finish: Brick
Foundation Type: Concrete
Heating Fuel: Natural Gas
Stories Total: 3
Size Interior: 3,500 - 5,000 Sqft
Type: Other
Utility Water: Municipal Water

Parking

Detached Garage: —
Garage: —

Land

Acreage: No
Sewer: Sanitary Sewer
Size Depth: 109 Ft
Size Frontage: 83 Ft
Size Irregular: 83 X 109 Ft
Size Total Text: 83 X 109 Ft

Monthly payment estimate

Home price

Down payment 20%

Interest rate (%)

Amortization

Frequency

Estimated payment — per month

Mortgage amount: —
Total interest: —

Estimate only — excludes property tax, insurance and condo fees. Rates compound semi-annually as is standard for Canadian mortgages.

Location

824 Kirkwood Avenue, Ottawa, Ontario K1Z 5Y2 · Get directions