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$2.3M total
4,105 SF
Asset Class
Multifamily
Size
4,105 SF
Building class
A
Zoning
RA9 — High Rise
$ / SF
$548
Occupancy
83%
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)
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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.
| Tenant | Area | Expiry |
|---|---|---|
| Prairie Coffee Roasters | 2,335 SF | 2034-04 |
| Prairie Coffee Roasters | 741 SF | 2034-04 |
| Prairie Coffee Roasters | 400 SF | 2034-04 |
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.
Confidential diligence documents for 574 BYRON AVENUE, Ottawa.
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.