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62 Columbus Av 2 Unit Apartment Building Offered at $1,350,000 CAD at a 5.69% Cap Rate Ottawa, ON K1K 1R3
Investment Highlights
- It offers panoramic views of the downtown skyline.
- It offers easy access to shops, parks, schools, and public transit.
- The property has a strong 5.69% CAP rate.
- It features nine-foot ceilings and soundproof windows throughout.
- Each unit has its own separate entrance and heating system.
Executive Summary
A rare find! Luxe 2-storey semi-detached duplex in the heart of Ottawa, just minutes from ByWard Market. Legal 2-unit property featuring a spacious 4-bedroom upper unit currently rented at $4,750/month, and a high-end 2-bedroom lower unit rented for $2,500/month. Bright and modern layout with dual quartz kitchens, custom fireplaces, spa-like bathrooms, and soundproof windows. Enjoy panoramic skyline views from the private rooftop patio. The NOI of $76,835.00 and a strong 5.69% CAP rate. Turnkey opportunity ideal for live-in owners, investors, or both. The seller removed the direct staircase connecting the basement to the upper unit; however, a buyer can always reinstall it if they wish to create direct access between the two levels via the entrance from the garage.
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$87,000
|
$14.84
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$87,000
|
$14.84
|
| Taxes |
$8,533
|
$1.46
|
| Operating Expenses |
$1,632
|
$0.28
|
| Total Expenses |
$10,165
|
$1.73
|
| Net Operating Income |
$76,835
|
$13.11
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $87,000 |
| Annual Per SF | $14.84 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $87,000 |
| Annual Per SF | $14.84 |
| Taxes (CAD) | |
|---|---|
| Annual | $8,533 |
| Annual Per SF | $1.46 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $1,632 |
| Annual Per SF | $0.28 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $10,165 |
| Annual Per SF | $1.73 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $76,835 |
| Annual Per SF | $13.11 |
Property Facts
| Price | $1,350,000 CAD | Building Class | B |
| Price Per Unit | $675,000 CAD | Lot Size | 0.13 AC |
| Sale Type | Investment | Building Size | 5,861 SF |
| Cap Rate | 5.69% | Average Occupancy | 100% |
| No. Units | 2 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 2022 |
| Apartment Style | Single-Family Home |
| Price | $1,350,000 CAD |
| Price Per Unit | $675,000 CAD |
| Sale Type | Investment |
| Cap Rate | 5.69% |
| No. Units | 2 |
| Property Type | Multifamily |
| Apartment Style | Single-Family Home |
| Building Class | B |
| Lot Size | 0.13 AC |
| Building Size | 5,861 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 2022 |
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Fireplace
- Washer/Dryer
- Heating
- Kitchen
- Hardwood Floors
- Walk-In Closets
- Instant Hot Water
- Island Kitchen
- Patio
- Quartz Countertops
Site Amenities
- Private Bathroom
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 6+5 | 2 | $3,625 CAD | 925 - 2,256 |
1 1
Moderately walkable
70/100
Moderately drivable
70/100
Strong public transit
80/100
Exceptionally bikeable
90/100
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62 Columbus Av
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