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122-124 Cobourg St 14 Unit Apartment Building $4,500,000 CAD ($321,429 CAD/Unit) 4.65% Cap Rate Ottawa, ON K1N 8H1
Investment Highlights
- Assumable CMHC-Insured Mortgage Available
- Walkable to University of Ottawa & Major Government Employment Hubs
- Most Units Renovated; Light Cosmetic Upside Remaining
- Prime Lowertown Location Minutes from ByWard Market & Rideau Centre
- Stabilized Income-Producing Asset with Immediate Scale
- Recent Capital Improvements: Roof, Windows & Exterior Updates
Executive Summary
Two adjacent 7-unit walk-up apartment buildings operated as a single, cohesive asset, offering streamlined management, simplified financing, efficient tax administration, and enhanced exit flexibility. This structure delivers immediate scale for private capital or family office investors while preserving the operational ease, lower regulatory exposure, and hands-on efficiency associated with non-portfolio multifamily ownership.
Financial Summary (Actual - 2025) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $4,500,000 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $321,429 CAD | Building Class | B |
| Sale Type | Investment | Lot Size | 0.25 AC |
| Cap Rate | 4.65% | Building Size | 11,925 SF |
| No. Units | 14 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1902 |
| Property Subtype | Apartment | Parking Ratio | 0.83/1,000 SF |
| Zoning | R5C H(18) F(2.0) - Residential Fifth Density Zone – Subzone C | ||
| Price | $4,500,000 CAD |
| Price Per Unit | $321,429 CAD |
| Sale Type | Investment |
| Cap Rate | 4.65% |
| No. Units | 14 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.25 AC |
| Building Size | 11,925 SF |
| No. Stories | 3 |
| Year Built | 1902 |
| Parking Ratio | 0.83/1,000 SF |
| Zoning | R5C H(18) F(2.0) - Residential Fifth Density Zone – Subzone C |
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Exceptionally walkable
90/100
Moderately drivable
60/100
Exceptional public transit
100/100
Very bikeable
80/100
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122-124 Cobourg St
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