For Sale · Multifamily

1 - 13 MARIER AVENUE, Ottawa

1 - 13 MARIER AVENUE, Ottawa, ON K1L5S6

Price on request

—

Asset Class

Multifamily

Size

—

Building class

B

Zoning

RA8 — Medium Rise

$ / SF

—

Occupancy

84%

About this property

Renovated apartment within last 3 years, including the complete refacing of the front of the building, in the fantastic area of Beechwood Village. Newer front windows, doors, porch, and canopy. Inside renovated including Kitchen and Bath and comes with in-unit Laundry. Tenant pays a prorated portion of the gas, hydro, and water/sewer charges (currently $110.00 per month). Parking is an additional $100 per month if available. There is also parking on the street and by street permit with the City of Ottawa. Rental Application, Current Credit Check, Rental History, Proof of Employment with pay stubs, Schedule B and Registrant's Disclosure to accompany the Agreement to Lease. 24 hours notice for Showings. 24 hours irrevocable on offers. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

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

117,353

Households

41,994

Median income

$88,500

Median age

45.6

Daytime population

105,810

5-yr growth

5.9%

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

Secure deal room

Confidential diligence documents for 1 - 13 MARIER 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.