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10 Sherbrooke Av 4 Unit Apartment Building $1,199,000 CAD ($299,750 CAD/Unit) Ottawa, ON K1Y 1R7
Investment Highlights
- Recently renovated fourplex with durable cinder block construction and modern finishes
- Features four one-bedroom units plus five individual hydro meters for cost control
- Fully stabilized investment property with gross annual income of $96,672 at a strong 6% cap rate
Executive Summary
Welcome to a unique opportunity in the heart of Hintonburg. This fully renovated cinder block fourplex offers investors a stabilized asset with consistent cash flow. Currently generating an annual gross income of $96,672 and a cap rate of approximately 6%, the property is fully tenanted with above-market rents, making it an attractive turnkey acquisition. All four units are one-bedroom and one-bathroom layouts and benefit from separate hydro metering across five meters, enhancing operational efficiency.
The property is located just steps away from Wellington Street, one of Ottawa’s most vibrant corridors, known for its eclectic retail, gourmet dining, and boutique coffee shops. With R4UB zoning and an engineer’s report supporting vertical expansion potential, there is an opportunity to significantly increase value through future development. The location offers unmatched walkability and access to transit, parks, and lifestyle amenities, ensuring long-term tenant demand. This asset combines strong in-place performance with potential upside—ideal for portfolio diversification or strengthening your position in Ottawa’s thriving multi-family market.
The property is located just steps away from Wellington Street, one of Ottawa’s most vibrant corridors, known for its eclectic retail, gourmet dining, and boutique coffee shops. With R4UB zoning and an engineer’s report supporting vertical expansion potential, there is an opportunity to significantly increase value through future development. The location offers unmatched walkability and access to transit, parks, and lifestyle amenities, ensuring long-term tenant demand. This asset combines strong in-place performance with potential upside—ideal for portfolio diversification or strengthening your position in Ottawa’s thriving multi-family market.
Property Facts
| Price | $1,199,000 CAD | Building Class | C |
| Price Per Unit | $299,750 CAD | Lot Size | 0.12 AC |
| Sale Type | Investment | Building Size | 4,090 SF |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1950 |
| Property Subtype | Apartment | Parking Ratio | 0.98/1,000 SF |
| Apartment Style | Low-Rise |
| Price | $1,199,000 CAD |
| Price Per Unit | $299,750 CAD |
| Sale Type | Investment |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.12 AC |
| Building Size | 4,090 SF |
| No. Stories | 2 |
| Year Built | 1950 |
| Parking Ratio | 0.98/1,000 SF |
Amenities
Unit Amenities
- Kitchen
- Double Pane Windows
Site Amenities
- Controlled Access
- Security System
- Trash Pickup - Curbside
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 4 | - | - |
1 1
Exceptionally walkable
100/100
Moderately drivable
60/100
Exceptional public transit
90/100
Moderately bikeable
70/100
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10 Sherbrooke Av
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