Saturday, March 12, 2016

March Break Multifamilies in Ottawa

Windsor
Steps to Windsor Park
Old Ottawa South location – Hopewell School district
- 6 unit building – legal non-conforming – 4 two bedrooms, 1 one bedroom and 1 bachelor
- parking not being charged
rents under market (2 bedrooms under $1200 monthly)
current cap rate is 4.85% (lots of upside)
asking $1,200,000

Guigues
side by side double (legally separated)
blocks from the Byward Market
separately metered for gas and electric
both 4 bedrooms
tenants pay utilities
5.3% cap rate
asking $699,000

Catherine
Near Kent Street
newly renovated
1 two bedroom, 1 one bedroom, 1 bachelor
6% cap rate 
asking $484,900

Hinton
essentially brand new – gutted and totally rebuilt
less than 10 blocks to Civic Hospital
close to Parkdale Market
separate hydro meters
contemporary style
less than one block to Wellington West and numerous restaurants
3 two bedroom/two bathroom units (four unit can be converted by seller)
5.6% cap rate
asking $1,125,000

Bruyere 
across the street from Bruyere Hospital
2 two bedrooms, 1 one bedroom
well maintained and upgraded
separate hydro
cap rate of 5.3%
asking $775,000

Waverley
amazing Golden Triangle location
large 40 by 99 lot
duplex with 3rd unit
fire retrofitted
3 one bedroom
two furnished suites and one unfurnished
laundry in all units
Cap rate of 5%
asking $854,900

Bell South
located in Glebe Annex
3 one bedrooms and 1 two bedroom
upside of about $100 per unit per month in rents
Graduate student building
future potential to sell as semis (to confirm with city)
5.1% Cap Rate
asking $569,900

Hopewell
Old Ottawa South location
near Carleton
two 3 bedrooms and a 1 bedroom
individual hydro
should be some upside in three bedroom rents ($1751 monthly)
5.5% Cap Rate
asking is $699,000

Contact Greg at the Bennett Property Shop for these great Ottawa real estate investments

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