For Sale · Multifamily

25 WRIGHT STREET, Ottawa

25 WRIGHT STREET, Ottawa, ON K1K2C8

$549,900 total

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Asset Class

Multifamily

Size

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Building class

B

Zoning

RA8 — Medium Rise

$ / SF

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Occupancy

100%

About this property

25 Wright Street is a two-storey legal duplex being offered alongside its immediate neighbour at 23 Wright Street. Together they represent a rare opportunity to acquire two side-by-side lots in one of Overbrook's most desirable sub-pockets, situated between the Vanier Parkway and the Rideau River. The combined footprint is compelling on its own, but the open backyard connecting both properties adds a contiguous land area that gives a developer considerably more to work with. The surrounding blocks have seen a steady pace of replacement builds, with modern semis and singles going up on comparable lots throughout the area, and this two-lot package sits squarely in the path of that momentum. As-built, 25 Wright operates as a two-unit legal duplex with a main floor unit and an upper-level unit, both occupied by long-standing tenants whose rents sit well below current market rates. As an estate sale, both properties are being conveyed in their current as-is condition and buyers are expected to conduct their own due diligence before submitting an offer. Private parking for up to four vehicles is on site. Hurdman LRT Station is minutes away, OC Transpo routes 12, 14, and 18 serve the area, Highway 417 is within easy reach, and downtown Ottawa is under 10 minutes by transit. Loblaws on McArthur Avenue, the commercial strip along Montreal Road, and Beechwood Village are all close by, and the Rideau River pathway and the Adàwe pedestrian bridge to Sandy Hill are just steps from the door. For any buyer evaluating 23 and 25 Wright as a package, the combined lot size, the connected outdoor space, and the position in a tight downtown-adjacent market speak for themselves. The numbers and the location do the talking. Further details on 23 and 25 Wright are available upon request. **No offers until September 28th at 1PM** (id:66811)

Financial sandbox

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Estimate
Purchase price$550K
Down payment30% · $165K
Interest rate6.25%
Amortization25 years
Occupancy100%
Expense growth2.5%

Monthly debt service

$3K

Projected NOI

$24K

Annual cash flow

$-6K

Cash-on-cash

-3.73%

DSCR

0.80

Going-in cap

4.42%

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

64,210

Households

27,356

Median income

$110,500

Median age

34.5

Daytime population

106,425

5-yr growth

7.7%

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

Secure deal room

Confidential diligence documents for 25 WRIGHT 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.