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Business For Sale · Multifamily

342 FRANK STREET, Ottawa

342 FRANK STREET, Ottawa, ON K2P0Y1

$2.4M total

9,000 SF

Asset Class

Multifamily

Size

9,000 SF

Building class

B

Zoning

RA8 — Medium Rise

$ / SF

$266

Occupancy

89%

About this property

Rarely available 6-unit with accessory 7th unit investment property in prime Centretown location. 200K Gross income. Fully rented. Six 3-bedroom units + one 2-bedroom unit . 3 Storey brick building. Large, well-maintained units. Easy walking to Bank street, Elgin and Parliament hill. New boiler 2025. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$2.40M
Down payment30% · $719K
Interest rate6.25%
Amortization25 years
Occupancy89%
Expense growth2.5%

Monthly debt service

$11K

Projected NOI

$77K

Annual cash flow

$-56K

Cash-on-cash

-7.80%

DSCR

0.58

Going-in cap

3.20%

Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.

Rent roll (estimated)

TenantAreaExpiry
Blue Harbour Design4,776 SF2029-11
Blue Harbour Design3,270 SF2029-11

Area demographics

Trade area within 3 miles of the property.

Population

115,307

Households

41,794

Median income

$102,500

Median age

45.3

Daytime population

109,382

5-yr growth

6.6%

Modelled estimates for illustration until a licensed census data provider is connected.

Secure deal room

Confidential diligence documents for 342 FRANK STREET, Ottawa.

NDA required

  • Offering Memorandum

    PDF · 4.2 MB

  • Rent Roll & T-12

    XLSX · 820 KB

  • Environmental Phase I

    PDF · 6.7 MB

  • Site Survey & Plans

    PDF · 11.4 MB

  • Zoning Confirmation Letter

    PDF · 310 KB

Preview experience — the electronic NDA is illustrative and is not a binding agreement.