384 Frank St
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384 Frank St
8 Unit Apartment Building $3,300,000 CAD ($412,500 CAD/Unit) 3.51% Cap Rate Ottawa, ON K2P 0Y1
Investment Highlights
- Newly built (2020)
- Unbeatable location, within walking distance to downtown, Lansdowne Park, and an array of shops
- Fully occupied 8-unit apartment building
Executive Summary
Newly built and fully occupied 8-unit apartment building in the heart of Centretown, Ottawa. This prime investment opportunity boasts an unbeatable location, within walking distance to downtown, Lansdowne Park, and an array of shops, restaurants, and entertainment, with quick access to the 417 on-ramp. Each modern unit is thoughtfully designed with high-quality finishes, in-unit laundry, and access to a large shared deck, perfect for outdoor relaxation. This low-maintenance, energy-efficient building is ideal for investors seeking a turn-key property. Situated in a highly desirable rental neighborhood, the property is fully occupied with quality tenants.
Property Facts
| Price | $3,300,000 CAD | Property Subtype | Apartment |
| Price Per Unit | $412,500 CAD | Building Class | B |
| Sale Type | Investment | Building Size | 6,255 SF |
| Cap Rate | 3.51% | No. Stories | 3 |
| No. Units | 8 | Year Built | 2020 |
| Property Type | Multifamily |
| Price | $3,300,000 CAD |
| Price Per Unit | $412,500 CAD |
| Sale Type | Investment |
| Cap Rate | 3.51% |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | B |
| Building Size | 6,255 SF |
| No. Stories | 3 |
| Year Built | 2020 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 4 | $2,200 CAD | - |
| 1+1 | 2 | $1,595 CAD | - |
| Studios | 2 | $1,313 CAD | - |
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Walk Score ®
Walker's Paradise (99)
Transit Score ®
Excellent Transit (80)
Bike Score ®
Biker's Paradise (99)
zoning
| Zoning Code | TM[2566] H(12) |
| TM[2566] H(12) |
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384 Frank St
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