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303 Kendall Av
Ottawa, ON K1L 7S7
Multifamily Property For Sale
·
88 Units
Executive Summary
PROPERTY DESCRIPTION
Introducing this exceptional Development site located right off
the Vanier Parkway in downtown Ottawa. Plans for a 9 storey, 88
residential units plus 2 retail units with 47 parking spaces. The
seller has completed the following reports and studies; Geotech,
Phase 1 & 2 environmental (clean), Noise/shadow study,
architectural plans, elevation plans and survey. Strategically
positioned in the thriving Ottawa area, the meticulously crafted
design and modern amenities of the building cater to the
evolving needs of residents, ensuring an unparalleled living
experience. The property's prime location offers convenient
access to local transportation, commercial hubs, and
recreational facilities, presenting an attractive prospect for
multifamily and mid-rise investment. With its thoughtfully
planned layout and upscale features, this property is poised to
deliver impressive returns and establish itself as a premier
residential destination in the dynamic Ottawa real estate
market.
Property is currently leased to one tenant.
Gross Income: $62,000/Year
Property Tax: $18,0000
Introducing this exceptional Development site located right off
the Vanier Parkway in downtown Ottawa. Plans for a 9 storey, 88
residential units plus 2 retail units with 47 parking spaces. The
seller has completed the following reports and studies; Geotech,
Phase 1 & 2 environmental (clean), Noise/shadow study,
architectural plans, elevation plans and survey. Strategically
positioned in the thriving Ottawa area, the meticulously crafted
design and modern amenities of the building cater to the
evolving needs of residents, ensuring an unparalleled living
experience. The property's prime location offers convenient
access to local transportation, commercial hubs, and
recreational facilities, presenting an attractive prospect for
multifamily and mid-rise investment. With its thoughtfully
planned layout and upscale features, this property is poised to
deliver impressive returns and establish itself as a premier
residential destination in the dynamic Ottawa real estate
market.
Property is currently leased to one tenant.
Gross Income: $62,000/Year
Property Tax: $18,0000
Property Facts
| Price Per Unit | $36,932 CAD | Apartment Style | Mid-Rise |
| Sale Type | Investment | Building Class | B |
| Sale Condition | Redevelopment Project | Construction Status | Proposed |
| No. Units | 88 | Building Size | 50,000 SF |
| Property Type | Multifamily | No. Stories | 9 |
| Property Subtype | Apartment | Year Built | 2027 |
| Zoning | R5D, H - Residential Fifth Density Zone | ||
| Price Per Unit | $36,932 CAD |
| Sale Type | Investment |
| Sale Condition | Redevelopment Project |
| No. Units | 88 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Construction Status | Proposed |
| Building Size | 50,000 SF |
| No. Stories | 9 |
| Year Built | 2027 |
| Zoning | R5D, H - Residential Fifth Density Zone |
Amenities
Unit Amenities
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Freezer
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Elevator
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 88 | - | - |
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