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303 Kendall Av 88 Unit Apartment Building $3,250,000 CAD ($36,932 CAD/Unit) Ottawa, ON K1L 7S7
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
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Property Facts
| Price | $3,250,000 CAD | Apartment Style | Mid-Rise |
| Price Per Unit | $36,932 CAD | Building Class | B |
| Sale Type | Investment | Construction Status | Proposed |
| Sale Condition | Redevelopment Project | Building Size | 50,000 SF |
| No. Units | 88 | No. Stories | 9 |
| Property Type | Multifamily | Year Built | 2028 |
| Property Subtype | Apartment | ||
| Zoning | R5D, H - Residential Fifth Density Zone | ||
| Price | $3,250,000 CAD |
| 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 | 2028 |
| 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 | - | - |
1 1
Very walkable
80/100
Moderately drivable
70/100
Strong public transit
80/100
Very bikeable
80/100
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303 Kendall Av
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