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$723,900 total
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Asset Class
Multifamily
Size
—
Building class
C
Zoning
RA9 — High Rise
$ / SF
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Occupancy
94%
The Ultimate Income-Generator & Modern Masterpiece! Welcome to a rare turnkey opportunity in one of the city's most sought-after neighbourhoods. Whether you are an investor looking for a high-yield property or a homeowner seeking a "mortgage helper" that doesn't feel like a basement, this beautifully renovated bungalow delivers on every front. The sun-drenched & sophisticated upper level features a sleek, modern aesthetic with high-end finishes and an open-concept layout. Large windows flood the space with natural light, highlighting the premium flooring and contemporary kitchen. This apartment offers 3 spacious bedrooms, a full modern bath and a 3 piece ensuite bath. Bonus: A fantastic,reliable tenant is already in place, providing immediate cash flow from day one. The lower level is a Legal, Luxury Secondary Suite. This isn't your average basement apartment. Fully legal, this bright 3-bedroom, 2 bath unit mirrors the quality of the upstairs. Currently vacant-perfect for a multi-generational family, or set your own "top dollar" market rent. Features a modern kitchen, egress windows for safety and light, and premium finishes throughout. Enjoy a massive rear deck perfect for summer BBQs, overlooking a fully fenced, private yard. Includes a sturdy shed for all your seasonal gear. No more juggling cars-the oversized driveway comfortably accommodates 4 vehicles. Situated in a quiet, family-friendly pocket where everything is at your doorstep. Steps from scenic parks, hiking trails, and the local arena. Minutes to top-rated schools,major shopping centres, and public transit for an easy commute. Properties with this level of finish and "Legal Suite" status are rare. With the upper tenant settled and the lower unit ready for occupancy, the math simply works. 24 hours notice for showings. (id:66811)
Adjust the deal assumptions — returns recalculate instantly.
Monthly debt service
$3K
Projected NOI
$24K
Annual cash flow
$-16K
Cash-on-cash
-7.43%
DSCR
0.60
Going-in cap
3.31%
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.
Trade area within 3 miles of the property.
Population
71,669
Households
27,835
Median income
$88,500
Median age
44.5
Daytime population
106,560
5-yr growth
7.8%
Modelled estimates for illustration until a licensed census data provider is connected.
Confidential diligence documents for 91 SHELDRAKE DRIVE, 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.