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348 Stewart St
Ottawa, ON K1N 6K8
Multifamily Property For Sale
·
4 Units
Investment Highlights
- Immaculate newer fourplex built in 2016, offering 4 units of approximately 2,500 sq. ft. each with modern finishes and high-end appliances.
- Prime Sandy Hill location on a quiet, tree-lined street with unmatched access to parks, Ottawa University, boutique shops, dining, embassies, Parliame
- Each unit features 6 bedrooms, 2 full bathrooms, in-unit laundry, expansive balconies, red oak hardwood flooring, and 9 ft. ceilings in the lower leve
- Exceptional investment opportunity with $232,200 annual income, low expenses of $37,935, netting $194,265, fully rented, and easy to self-manage.
Executive Summary
NEWER FOURPLEX + HIGH DEMAND LOCATION + GREAT CAP RATE ~ $232,200 income ~ expenses $37,935 ~ Net income $194,265 ~ extraordinary opportunity as this immaculate FOURPLEX is in a class of it's own ~ NEWLY BUILT in 2016 with meticulous care to create gorgeous modern living spaces + blend seamlessly into the heritage neighbourhood of Sandy Hill. ALL FOUR UNITS offer 2500 SQ FT. (approx), expansive balconies, 6 bedrooms each, 2 full bathrooms, in-unit laundry for each unit, red oak hardwood flooring, porcelain tile and hard maple kitchen cabinets. 4 washers, 4 dryers, 4 S/S dishwashers, 4 S/S fridges, 4 S/S stoves, 4 furnaces, 3 central air, HRV, 5 hydro meters included. 9 ft. ceilings in lower level apartment. Very easy building to self manage. Always fully rented out. COVETED LOCATION- nestled on a very quiet, tree-lined street, surrounded in green space, parks (including riverfront Strathcona Park) and unmatched access to boutique shops, fine dining, Ottawa U, embassies, government buildings, Parliament Hill, Rideau Centre, ByWard Market (markets & night-life), Rideau River, NCC pathways along the Ottawa River & more! Picture perfect curb appeal with reclaimed bricks and front balconies for each unit. INCOME & EXPENSE STATEMENT available upon request. Do not miss the chance to add this property to your real estate portfolio. Call today for a private viewing
Property Facts
| Price Per Unit | $875,000 CAD | Property Subtype | Apartment |
| Sale Type | Investment | Building Class | B |
| Cap Rate | 5.55% | Building Size | 10,316 SF |
| No. Units | 4 | No. Stories | 4 |
| Property Type | Multifamily | Year Built | 1940 |
| Price Per Unit | $875,000 CAD |
| Sale Type | Investment |
| Cap Rate | 5.55% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | B |
| Building Size | 10,316 SF |
| No. Stories | 4 |
| Year Built | 1940 |
Amenities
Unit Amenities
- Dishwasher
- Washer/Dryer
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