For Sale · Multifamily

244 WESTHAVEN CRESCENT, Ottawa

244 WESTHAVEN CRESCENT, Ottawa, ON K1Z7G3

$1.2M total

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Asset Class

Multifamily

Size

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Building class

C

Zoning

RA8 — Medium Rise

$ / SF

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Occupancy

87%

About this property

A rare income-generating opportunity in one of Ottawa's most coveted neighbourhoods. This fully operational fourplex sits on an exceptionally large lot in the heart of Westboro, offering four well-appointed units, each with two bright bedrooms, a full bathroom, an open-concept living and dining area, a generous kitchen, and dedicated storage space - designed with modern tenants in mind.Outside, a spacious backyard provides room to relax or entertain, while the oversized lot opens the door to significant long-term development potential, including future additions or new builds.The Westboro location is second to none. A short walk or drive from boutique shops, independent cafés, restaurants, and everyday essentials, the neighbourhood draws a consistent pool of quality tenants. Outdoor lovers will appreciate easy access to Westboro Beach and the Ottawa River Pathway - ideal for cycling, kayaking, and waterside recreation year-round. Top-rated schools, vibrant community parks, and a thriving cultural scene round out the appeal. Whether you're a seasoned investor or looking to enter the multi-family market, 244 Westhaven Crescent delivers immediate rental income with room to grow. (id:66811)

Financial sandbox

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Estimate
Purchase price$1.20M
Down payment30% · $360K
Interest rate6.25%
Amortization25 years
Occupancy87%
Expense growth2.5%

Monthly debt service

$6K

Projected NOI

$44K

Annual cash flow

$-23K

Cash-on-cash

-6.38%

DSCR

0.65

Going-in cap

3.63%

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

60,997

Households

21,923

Median income

$65,500

Median age

39.4

Daytime population

73,292

5-yr growth

1%

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

Secure deal room

Confidential diligence documents for 244 WESTHAVEN CRESCENT, 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.