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27 Tamarack St 23 Unit Apartment Building $5,799,000 CAD ($252,130 CAD/Unit) 5.81% Cap Rate Deep River, ON K0J 1P0
INVESTMENT HIGHLIGHTS
- Strong In-Place Cash Flow
- Fully Conominiumized Asset
- Attractive Suite Mix
- Stable, Undersupplied Market
- Modern, Renovated Units
EXECUTIVE SUMMARY
This well-maintained, fully condominiumized building features a highly desirable mix of 13 two-bedroom and 10 three-bedroom units, each offering spacious layouts that appeal to families and quality tenants.
All units have been nicely renovated and maintained, with modern kitchens, stainless steel appliances, contemporary bathrooms, and in-suite washer and dryer facilities — a key amenity that enhances tenant convenience and strengthens the building’s market position. The property also offers ample outdoor surface parking, meeting the needs of residents in this suburban setting.
As part of Renfrew Standard Condominium Corporation #13, 27 Tamarack Street provides purchasers with the unique flexibility to sell units individually over time or continue to operate the building as a traditional rental apartment. The property is currently governed by a self-managed maintenance agreement with the condominium board, allowing the owner to directly control day-to-day maintenance and core operating costs.
Offering a projected Year 1 NOI of $337,074, this asset is available at a compelling 5.62% cap rate, presenting investors with immediate cash flow and long-term stability in a market characterized by low vacancy and limited rental supply.
Strategically located within close proximity to schools, parks, shopping, and healthcare facilities, 27 Tamarack Street is well-positioned to benefit from sustained tenant demand and minimal competition. This is an ideal acquisition for investors seeking scale, strong in-place income, and optionally in a quiet, high quality community.
All units have been nicely renovated and maintained, with modern kitchens, stainless steel appliances, contemporary bathrooms, and in-suite washer and dryer facilities — a key amenity that enhances tenant convenience and strengthens the building’s market position. The property also offers ample outdoor surface parking, meeting the needs of residents in this suburban setting.
As part of Renfrew Standard Condominium Corporation #13, 27 Tamarack Street provides purchasers with the unique flexibility to sell units individually over time or continue to operate the building as a traditional rental apartment. The property is currently governed by a self-managed maintenance agreement with the condominium board, allowing the owner to directly control day-to-day maintenance and core operating costs.
Offering a projected Year 1 NOI of $337,074, this asset is available at a compelling 5.62% cap rate, presenting investors with immediate cash flow and long-term stability in a market characterized by low vacancy and limited rental supply.
Strategically located within close proximity to schools, parks, shopping, and healthcare facilities, 27 Tamarack Street is well-positioned to benefit from sustained tenant demand and minimal competition. This is an ideal acquisition for investors seeking scale, strong in-place income, and optionally in a quiet, high quality community.
PROPERTY FACTS
| Price | $5,799,000 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $252,130 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 2.66 AC |
| Cap Rate | 5.81% | Building Size | 48,681 SF |
| No. Units | 23 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1980 |
| Property Subtype | Apartment |
| Price | $5,799,000 CAD |
| Price Per Unit | $252,130 CAD |
| Sale Type | Investment |
| Cap Rate | 5.81% |
| No. Units | 23 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 2.66 AC |
| Building Size | 48,681 SF |
| No. Stories | 3 |
| Year Built | 1980 |
AMENITIES
UNIT AMENITIES
- Washer/Dryer
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27 Tamarack St
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