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$ 164,999,994
Est. payment /mo
Active
202 Rochester ST West Centre Town, ON K1R 7M6
13 Beds
6 Baths
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multiplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 5000 +
Subdivision 4205 - West Centre Town
MLS Listing ID X12372575
Style 2-Storey
Bedrooms 13
Annual Tax Amount $13,810
Tax Year 2024
Property Sub-Type Multiplex
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.
Location
Province ON
County Ottawa
Area Ottawa
Rooms
Family Room No
Basement Unfinished
Kitchen 6
Interior
Interior Features None
Cooling None
Fireplace No
Heat Source Other
Exterior
Parking Features Private
Pool None
Roof Type Asphalt Rolled
Lot Frontage 53.5
Lot Depth 100.0
Total Parking Spaces 6
Building
Foundation Block
Others
ParcelsYN No
Listed by ROYAL LEPAGE INTEGRITY REALTY
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