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Maria Tompson
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Independently owned and operated.
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$1,649,999
Available - For Sale
Listing ID: X12372575
INVESTOR ALERT - 5.5% CAP RATE IN LITTLE ITALY.Exceptional opportunity to acquire a 6-unit multi-residential asset in one of Ottawa's most supply-constrained and high-demand rental markets. This property offers a strong and versatile unit mix of three 2-bedroom units, two 3-bedroom units, and one 1-bedroom unit, delivering immediate income with long-term upside. Current cap rate of approximately 5.5% provides a compelling return in a premium urban location. Two units feature large private decks, a rare value-add in central Ottawa that supports tenant retention and potential rental premiums. A rear parking lot further enhances tenant demand and income stability. Numerous updates and renovations have already been completed, reducing near-term capital expenditures, while remaining cosmetic improvements present a clear opportunity to further increase rents and overall asset value. Each unit offers functional layouts with generous living spaces, appealing to a broad tenant base including professionals, families, and students. The location drives consistent occupancy, situated steps from Preston Street's vibrant restaurant and retail corridor, and minutes to Dow's Lake, the Arboretum, Carleton University, the O-Train, and major downtown employment hubs. This is a rare chance to secure a 6-plex in Little Italy at a 5.5% cap rate-a combination of yield, location, and upside that is increasingly difficult to find. Ideal for investors seeking strong cash flow, future rent growth, and long-term appreciation. Act quickly. Some images have been virtually staged to protect tenant privacy.
Price $1,649,999
Taxes: $13,810
Assessment Year: 2024
Occupancy by: Tenant
Address: 202 Rochester Street , West Centre Town, K1R 7M6, Ottawa
Directions/Cross Streets: Rochester and Willow
Rooms: 37
Bedrooms: 13
Bedrooms +: 0
Washrooms: 6
Family Room: F
Basement: Unfinished
  Level/Floor Room Length(ft) Width(ft) Descriptions
Room 1: Ground Living Ro 17.38 9.18
Room 2: Ground Kitchen 12.63 10.89
Room 3: Ground Bedroom 10.50 10.50
Room 4: Ground Bedroom 2 13.45 9.18
Room 5: Ground Bathroom 12.79 5.58 Combined w/Laundry
Room 6: Ground Living Ro 13.45 16.07
Room 7: Ground Kitchen 13.78 11.15
Room 8: Ground Bedroom 12.46 11.48
Room 9: Ground Bedroom 2 11.81 10.82
Room 10: Ground Bathroom 10.50 5.90
Room 11: Ground Living Ro 20.99 14.43
Room 12: Ground Kitchen 12.79 9.18
Room 13: Ground Bedroom 11.15 9.84
Room 14: Ground Bedroom 2 17.06 10.50
Room 15: Ground Bathroom 10.82 9.18 Combined w/Laundry
No. of Pieces Level
Washroom 1:  3
Washroom 2:  0
Washroom 3:  0
Washroom 4:  0
Washroom 5:  0
Washroom 6:  3
Washroom 7:  0
Washroom 8:  0
Washroom 9:  0
Washroom 10:  0
Washroom 11:  3
Washroom 12:  0
Washroom 13:  0
Washroom 14:  0
Washroom 15:  0
Washroom 16:  3
Washroom 17:  0
Washroom 18:  0
Washroom 19:  0
Washroom 20:  0
Washroom 21:  3
Washroom 22:  0
Washroom 23:  0
Washroom 24:  0
Washroom 25:  0
Washroom 26:  3
Washroom 27:  0
Washroom 28:  0
Washroom 29:  0
Washroom 30:  0
Washroom 31:  3
Washroom 32:  0
Washroom 33:  0
Washroom 34:  0
Washroom 35:  0
Washroom 36:  3
Washroom 37:  0
Washroom 38:  0
Washroom 39:  0
Washroom 40:  0
Washroom 41:  3
Washroom 42:  0
Washroom 43:  0
Washroom 44:  0
Washroom 45:  0
Washroom 46:  3
Washroom 47:  0
Washroom 48:  0
Washroom 49:  0
Washroom 50:  0
Washroom 51:  3
Washroom 52:  0
Washroom 53:  0
Washroom 54:  0
Washroom 55:  0
Washroom 56:  3
Washroom 57:  0
Washroom 58:  0
Washroom 59:  0
Washroom 60:  0
Property Type: Multiplex
Style: 2-Storey
Exterior: Stucco (Plaster)
Garage Type: None
(Parking/)Drive: Private
Drive Parking Spaces: 6
Park #1
Parking Type: Private
Park #2
Parking Type: Private
Pool: None
Approximatly Square Footage: 5000 +
CAC Included: N
Water Included: N
Cabel TV Included: N
Common Elements Included: N
Heat Included: N
Parking Included: N
Condo Tax Included: N
Building Insurance Included: N
Fireplace/Stove: N
Heat Type: Other
Central Air Conditioning: None
Central Vac: N
Laundry Level: Syste
Ensuite Laundry: F
Sewers: Sewer
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ROYAL LEPAGE INTEGRITY REALTY

202 Rochester Street , West Centre Town, K1R 7M6, Ottawa

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Maria Tompson
Sales Representative
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416-548-7854
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Type: Freehold - Multiplex
Area: Ottawa
Municipality: West Centre Town
Neighbourhood: 4205 - West Centre Town
Style: 2-Storey
Lot Size: x 100.00(Feet)
Approximate Age:
Tax: $13,810
Maintenance Fee: $0
Beds: 13
Baths: 6
Garage: 0
Fireplace: N
Air Conditioning:
Pool: None
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Maria Tompson Sales Representative Your Company Name, Brokerage Independently owned and operated. pic Cell: 416-548-7854 | Office: 416-548-7854 Personal Pic
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