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253-263 Rue Principale 9 Unit Apartment Building $1,479,000 CAD ($164,333 CAD/Unit) 5.46% Cap Rate Grenville, QC J0V 1J0
Investment Highlights
- Close to all amenities
Executive Summary
Income property with 9 units and a large parking area. This building offers additional income potential thanks to its spacious basement of nearly 3,000 square feet, which could be converted for rental or storage purposes as needed. Located in a charming setting on the Ottawa River (suitable for swimming), the property is close to all amenities. The building underwent a complete renovation upon its acquisition in 2011; only the exterior shell was retained, the rest was entirely rebuilt with high-quality materials.
Property Facts
| Price | $1,479,000 CAD | Property Subtype | Apartment |
| Price Per Unit | $164,333 CAD | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | B |
| Cap Rate | 5.46% | Building Size | 11,808 SF |
| No. Units | 9 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1911/2011 |
| Price | $1,479,000 CAD |
| Price Per Unit | $164,333 CAD |
| Sale Type | Investment |
| Cap Rate | 5.46% |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Building Size | 11,808 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1911/2011 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 1 | - | - |
| 2+1 | 8 | - | - |
1 1
1 of 2
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253-263 Rue Principale
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