See all 27 photos
27 photos
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$5,000,000
Est. payment /mo
16 Beds
12 Baths
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Approx. Sqft 5000 +
Subdivision 909 - Carleton Place
MLS Listing ID X12392560
Style Other
Bedrooms 16
Annual Tax Amount $14,637
Tax Year 2025
Property Sub-Type Detached
Property Description
Brand-new 12-unit apartment building located in Ottawa, offering strong income potential with an estimated annual rent roll of $300,600. The property consists of eight one-bedroom and four two-bedroom apartments, each equipped with five appliances and individual storage lockers. The units feature luxury vinyl tile flooring in the living areas, kitchens, and bedrooms, complemented by ceramic tile in the bathrooms. Modern design and quality finishes are consistent throughout the building. Please note that there is no on-site parking.As a newly constructed building, this is a turnkey, low-maintenance investment ideally situated in a high-demand rental market. Based on current projected revenue and normalized expenses, the cap rate is estimated at 4.21%. Asking rents are set at $2,400 for the two-bedroom units, $1,950 for the one-bedroom units, and $1,800 for a basement one-bedroom unit. This represents a rare opportunity to acquire a newly built, income-generating property with strong rental demand and solid long-term upside in Ottawas competitive multi-residential market.
Location
Province ON
County Lanark
Community 909 - Carleton Place
Area Lanark
Rooms
Family Room No
Basement Finished, Apartment
Kitchen 12
Interior
Interior Features Carpet Free, Separate Hydro Meter, Storage Area Lockers, Air Exchanger, Water Heater, Ventilation System, Separate Heating Controls
Cooling Wall Unit(s)
Fireplace No
Heat Source Gas
Exterior
Pool None
Roof Type Flat,Tar and Gravel
Topography Flat
Lot Frontage 47.84
Lot Depth 91.79
Building
Foundation Poured Concrete
Read Less Info
Listed by RE/MAX HALLMARK REALTY GROUP
GET MORE INFORMATION
