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For Sale · Multifamily

3 - 64 GENEST STREET, Ottawa

3 - 64 GENEST STREET, Ottawa, ON K1L7Z2

Price on request

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Asset Class

Multifamily

Size

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Building class

B

Zoning

RA9 — High Rise

$ / SF

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Occupancy

86%

About this property

A Fantastic Location, minutes to Downtown, the University of Ottawa, the exciting ByWard Market and steps to the restaurants, cafes including Bridgehead, along trendy Beechwood Avenue. Just a minutes walk to the beautiful park system and bicycle paths along the Rideau River and minutes to the popular Rockliffe Boathouse,. Close to all forms of recreation, and surrounded by numerous neighbourhood parks. Conveniently located just a few minutes walk to the Metro grocery store. Excellent Public transit available. This HUGE charming bright 3 bedroom apartment is over 1200 square feet. It features a large bright living room and dining room, a modern kitchen and bathroom and lovely flooring throughout. It offers 5 appliances including a DISHWASHER, fridge and stove, and IN-UNIT LAUNDRY. Three good sized bedrooms included. This apartment is in a lovely well managed building. Heat, Water and Hot Water are INCLUDED. PARKING is available at $60.00 per month. This apartment is available immediately. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy86%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$71K

Annual cash flow

$-12K

Cash-on-cash

-2.69%

DSCR

0.85

Going-in cap

4.74%

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

75,000

Households

28,792

Median income

$122,500

Median age

33.6

Daytime population

92,742

5-yr growth

8%

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

Secure deal room

Confidential diligence documents for 3 - 64 GENEST 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.