Key Facts
- MLS® #: X12372575
- Property ID: SIRC2969744
- Property Type: Residential, Multiplex
- Lot Size: 5,350 sq.ft.
- Bedrooms: 13
- Bathrooms: 6
- Parking Spaces: 6
- Listed By:
- ROYAL LEPAGE INTEGRITY REALTY
Property Description
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.
Rooms
- TypeLevelDimensionsFlooring
- Living roomGround floor9' 2.2" x 17' 4.6"Other
- KitchenGround floor10' 10.7" x 12' 7.5"Other
- BedroomGround floor10' 5.9" x 10' 5.9"Other
- BedroomGround floor9' 2.2" x 13' 5.4"Other
- BathroomGround floor5' 6.9" x 12' 9.5"Other
- Living roomGround floor16' 9.1" x 13' 5.4"Other
- KitchenGround floor11' 1.8" x 13' 9.3"Other
- BedroomGround floor11' 5.7" x 12' 5.6"Other
- BedroomGround floor10' 9.9" x 11' 9.7"Other
- BathroomGround floor5' 10.8" x 10' 5.9"Other
- Living roomGround floor14' 5.2" x 20' 11.9"Other
- KitchenGround floor9' 2.2" x 12' 9.5"Other
- BedroomGround floor9' 10.1" x 11' 1.8"Other
- BedroomGround floor10' 5.9" x 17' 7.2"Other
- BathroomGround floor9' 2.2" x 10' 9.9"Other
- Living roomGround floor9' 10.1" x 15' 8.9"Other
- KitchenGround floor6' 6.7" x 12' 1.6"Other
- BedroomGround floor8' 2.4" x 12' 9.5"Other
- BathroomGround floor4' 7.1" x 9' 10.1"Other
- Living room2nd floor10' 2" x 14' 5.2"Other
- Kitchen2nd floor10' 2" x 13' 9.3"Other
- Bedroom2nd floor10' 2" x 10' 5.9"Other
- Bedroom2nd floor11' 1.8" x 11' 9.7"Other
- Bedroom2nd floor10' 9.9" x 14' 9.1"Other
- Bathroom2nd floor4' 7.1" x 6' 2.8"Other
- Laundry room2nd floor4' 7.1" x 6' 2.8"Other
- Foyer2nd floor6' 10.6" x 10' 9.9"Other
- Living room2nd floor17' 4.6" x 18' 5.3"Other
- Kitchen2nd floor8' 2.4" x 13' 5.4"Other
- Bedroom2nd floor10' 9.9" x 12' 1.6"Other
- Bedroom2nd floor11' 9.7" x 17' 8.5"Other
- Bedroom2nd floor8' 10.2" x 11' 9.7"Other
- Bathroom2nd floor7' 2.6" x 10' 9.9"Other
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Location
202 Rochester St, Ottawa, Ontario, K1R 7M6 Canada
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