183 Ottawa St S
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183 Ottawa St S
7 Unit Apartment Building $1,499,000 CAD ($214,143 CAD/Unit) 4.87% Cap Rate Kitchener, ON N2G 3T3
Executive Summary
Available for sale is a 7 unit rental property with commercial zoning, offering significant growth potential. This property includes an unfinished garage, loft, and accessory unit, along with a clean, dry basement. The total above-grade square footage is 7,075 Sq. Ft. Location: Downtown, with excellent walkability and just 450 meters from the LRT (Light Rail Transit) station. Current Rent Roll: Stable, generating a net operating income (NOI) of $73,000. Expansion Potential: Opportunity to increase the rent roll by finishing the garage, loft and accessory unit. This property represents a solid investment with existing rental income and room for future growth. Don't miss the opportunity to capitalize on a prime downtown location. Be sure to view the iGuide for more details. Contact listing broker for a breakdown of the proforma.
Property Facts
| Price | $1,499,000 CAD | Apartment Style | Low Rise |
| Price Per Unit | $214,143 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.17 AC |
| Cap Rate | 4.87% | Building Size | 7,077 SF |
| No. Units | 7 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1980 |
| Property Subtype | Apartment | Parking Ratio | 0.85/1,000 SF |
| Price | $1,499,000 CAD |
| Price Per Unit | $214,143 CAD |
| Sale Type | Investment |
| Cap Rate | 4.87% |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 7,077 SF |
| No. Stories | 2 |
| Year Built | 1980 |
| Parking Ratio | 0.85/1,000 SF |
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Tub/Shower
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Walk Score ®
Very Walkable (74)
Bike Score ®
Very Bikeable (79)
zoning
| Zoning Code | CR-1 (Commercial-Residential) |
| CR-1 (Commercial-Residential) |
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Re/Max Inspired Living Realty
183 Ottawa St S
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