816 GRENON AVENUE, Ottawa
816 GRENON AVENUE, Ottawa, ON K2B6G2
$2.0M total
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Asset Class
Multifamily
Size
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Building class
C
Zoning
RF6 — Medium Density
$ / SF
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Occupancy
89%
About this property
EXCEPTIONAL SIX-UNIT INVESTMENT OPPORTUNITY! Welcome to 816 Grenon Avenue, a well-maintained, income-generating property offering six residential apartments, strong rental income, and extensive recent capital improvements. An excellent opportunity for investors seeking a turnkey multi-unit property with significant upgrades already completed. Brand new roof (2026), all windows replaced (2025), plumbing updated (2024), and electrical updated (2026). Two furnaces, one approximately four years old and the second 2026. Additional upgrades include all-new aluminum and vinyl siding (2026), a new driveway and parking lot for 7 vehicles (2026), and two new central A/C units (2026). The property is also equipped with a self-monitored CCTV security system with DVR recording and video footage & a storage shed. With extensive improvements to major building components, multiple rental income streams, and excellent long-term investment potential, this property is an outstanding addition to any real estate investment portfolio! (id:66811)
Financial sandbox
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Monthly debt service
$9K
Projected NOI
$62K
Annual cash flow
$-47K
Cash-on-cash
-7.99%
DSCR
0.57
Going-in cap
3.14%
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
75,387
Households
33,018
Median income
$100,000
Median age
44.8
Daytime population
69,350
5-yr growth
6.7%
Modelled estimates for illustration until a licensed census data provider is connected.
Secure deal room
Confidential diligence documents for 816 GRENON 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.