Business For Sale · Multifamily

574 BYRON AVENUE, Ottawa

574 BYRON AVENUE, Ottawa, ON K2A0E4

$2.3M total

4,105 SF

Asset Class

Multifamily

Size

4,105 SF

Building class

A

Zoning

RA9 — High Rise

$ / SF

$548

Occupancy

83%

About this property

Exceptional Purpose-Built Fourplex in Sought-After Westboro. An outstanding opportunity to own a custom-built, three-storey fourplex in the highly desirable, walkable community of Westboro. Offering over 4,000 square feet above grade and built in 2018, this impressive income property combines quality construction, upscale finishes, and exceptional investment potential. Each luxury two-bedroom, two-bathroom unit features a bright, open-concept layout, ensuite bathrooms, in-unit laundry, quartz countertops, and high-quality finishes throughout. Spacious private balconies enhance the above-grade units. Separate heating and hydro help streamline utility management. Ideal for investors, owner-occupiers, or multi-generational families, this versatile property offers the opportunity to live in one unit while generating rental income from the remaining three, or to maximize its potential as a pure investment property. Annual rental income of $128,628. Two parking spaces are located at the rear. Walkable amenities, shops, restaurants, and convenient access to transit, this is a rare opportunity to acquire a substantial, high-quality multi-unit property in one of Ottawa's most sought-after neighbourhoods (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$2.25M
Down payment30% · $675K
Interest rate6.25%
Amortization25 years
Occupancy83%
Expense growth2.5%

Monthly debt service

$10K

Projected NOI

$68K

Annual cash flow

$-57K

Cash-on-cash

-8.45%

DSCR

0.54

Going-in cap

3.01%

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
Prairie Coffee Roasters2,335 SF2034-04
Prairie Coffee Roasters741 SF2034-04
Prairie Coffee Roasters400 SF2034-04

Area demographics

Trade area within 3 miles of the property.

Population

60,509

Households

21,217

Median income

$99,500

Median age

31.8

Daytime population

52,886

5-yr growth

4.2%

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

Secure deal room

Confidential diligence documents for 574 BYRON AVENUE, 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.