CAONLower Town - Sandy Hill360 S Friel Street S
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360 , Ottawa, ON

House

For Sale

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to see price

0160

MLS® X12789414

  • Key Facts
  • Description
  • Map

Key Facts

Type 
Levels Commercial Sale
Size -
Garage None
Taxes $21,484
Days Active 67
Lot Size 
Approx. Age 
MLS® Number X12789414

Property Address: 360 S Friel Street S, Lower Town - Sandy Hill, ON, K1N7W6

Average square foot calculated using Size range provided by listing agent.

Description

Welcome to 360 Friel Street an exceptional turnkey investment opportunity featuring 16 residential units with separate hydro meters, comprised of 9 fully renovated and refurbished units, 7 newly constructed additional units (recently completed). Unit Breakdown: 1 Three-Bedroom Unit, 3 Two-Bedroom Units, 2 One-Bedroom Units, 10 Studio Units. All units are fully furnished and separately metered, offering operational efficiency, reduced utility risk, and strong tenant appeal. The seller is willing to lease all units, providing investors with a stabilized, income-producing asset from day one. Income Overview Projected Residential Rental Income: $402, 420.00, Parking Income: $1, 800.00, Laundry Income: $3, 780.00, Total Projected Gross Income:$408, 000.00, Annually Projected 2026 Operating Expenses Vacancy (2%) - $8, 084.00, Property Taxes (5.42%) - $21, 484.00, Utilities (5.82%) - $23, 064.00 (Heat, Water, Hydro) Repairs & Maintenance (4%) - $15, 845.00, Property Management (3.96%) - $15, 687.00, Property Insurance (6.85%) - $27, 125.00Advertising (0.5%) - $1, 981.00, Total Projected Operating Expenses: $113, 270.00. Financial Summary - Gross Income: $408, 000.00, Less Operating Expenses: $113, 270.00, Estimated Net Operating Income (NOI): $294, 690.00 annually. This newly completed, fully furnished multi-unit property presents a rare opportunity to acquire a modern, income-generating asset with strong projected returns and long-term growth potential.Show Description
MLS® NumberX12789414
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
GarageNone
Approx. Age
Basement
DrivewayGarage Type:None
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

00/00/0000End Date
$XXX,XXXSold Price
Top Secret
00/00/0000List Date
$XXX,XXXList Price
  • Commute

Commute

Starting Address
Destination Address
360 , Ottawa, ON

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