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$1.2M total
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Asset Class
Multifamily
Size
—
Building class
C
Zoning
RA8 — Medium Rise
$ / SF
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Occupancy
87%
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)
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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.
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.
Confidential diligence documents for 244 WESTHAVEN CRESCENT, 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.