For Sale · Multifamily

A - 11 KIPPEWA DRIVE, Ottawa

A - 11 KIPPEWA DRIVE, Ottawa, ON K1S3G3

Price on request

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Asset Class

Multifamily

Size

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Building class

A

Zoning

RA9 — High Rise

$ / SF

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Occupancy

91%

About this property

Location, location, location! Just renovated spacious 1 bedroom, 1 bathroom unit is just steps away from Dow's Lake. Tons of large windows fill the home with natural light. Brand new kitchen and flooring through out. Enjoy the charm and character of this home and the neighbourhood. Rental includes on-site laundry, HEAT and WATER, large shared-yard, and storage shed. The home is located a short walk to little Italy, Lansdowne, schools, including Carleton University. Some photos have been enhanced to show completed renovations, some renovations still ongoing at the unit. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy91%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$77K

Annual cash flow

$-6K

Cash-on-cash

-1.26%

DSCR

0.93

Going-in cap

5.16%

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.

Area demographics

Trade area within 3 miles of the property.

Population

112,425

Households

46,600

Median income

$71,000

Median age

41.6

Daytime population

125,150

5-yr growth

1.7%

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

Secure deal room

Confidential diligence documents for A - 11 KIPPEWA DRIVE, 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.