For Sale · Multifamily

6 - 1301 DORCHESTER AVENUE, Ottawa

6 - 1301 DORCHESTER AVENUE, Ottawa, ON K1Z8E8

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

84%

About this property

BRAND NEW. NEVER LIVED IN. PARKING AVAILABLE. Welcome to 1301 Dorchester, a beautifully finished 2 bedroom apartment in the established and centrally located community of Carlington.Bright, modern and thoughtfully designed, the open concept living space features oversized windows and a standout kitchen with quartz countertops, a large island, custom two tone cabinetry and brand new stainless steel appliances. Two comfortable bedrooms, a contemporary bathroom and in suite laundry complete the space.Parking is available, giving you the convenience of a central Ottawa location without having to give up having a vehicle.One of the best parts of living here is the location. Enjoy being close to the Experimental Farm and its green space and pathways, while having easy access to Westboro, Wellington West, the Civic Hospital, downtown Ottawa, Highway 417 and public transit. Shopping, restaurants, coffee shops and everyday amenities are all within easy reach. Carlington offers that hard to find combination of an established neighbourhood feel with convenient access to the city.Brand new, never lived in and ready for its first tenant. Come see what makes 1301 Dorchester such a great place to call home.Rental application, proof of income, credit check and references required. (id:66811)

Financial sandbox

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Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy84%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$68K

Annual cash flow

$-15K

Cash-on-cash

-3.26%

DSCR

0.82

Going-in cap

4.56%

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

119,471

Households

55,922

Median income

$81,000

Median age

38.9

Daytime population

189,257

5-yr growth

6.9%

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

Secure deal room

Confidential diligence documents for 6 - 1301 DORCHESTER AVENUE, 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.