Business For Sale · Multifamily

141 PERCY STREET, Ottawa

141 PERCY STREET, Ottawa, ON K1R6C8

$899,900 total

1,476 SF

Asset Class

Multifamily

Size

1,476 SF

Building class

B

Zoning

RF6 — Medium Density

$ / SF

$610

Occupancy

94%

About this property

Builder and developer opportunity in the heart of West Centretown. 141 Percy St is a CM1-zoned brick duplex on a 272 sq m (50x58 ft) lot offering many permitted mixed-use/commercial uses, steps from Somerset West, Little Italy, and the Gladstone commercial corridor. Existing property (1,476 sq ft above grade / 4 bed / 2 bath / 2 kitchens across two self-contained units) generates holding income while you plan: market rents support $1,900-2,100/unit plus $170+/space/month on 4 private drive spaces ($8,160+/yr parking). Offered by the Estate at $899,900 - as-is, where-is, vacant possession, probate complete, flexible closing. 24-hour irrevocable on all offers. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$900K
Down payment30% · $270K
Interest rate6.25%
Amortization25 years
Occupancy94%
Expense growth2.5%

Monthly debt service

$4K

Projected NOI

$31K

Annual cash flow

$-19K

Cash-on-cash

-7.11%

DSCR

0.62

Going-in cap

3.41%

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.

Rent roll (estimated)

TenantAreaExpiry
Northbridge Logistics677 SF2028-03
Northbridge Logistics400 SF2028-03
Northbridge Logistics400 SF2028-03

Area demographics

Trade area within 3 miles of the property.

Population

116,518

Households

41,209

Median income

$87,000

Median age

44.7

Daytime population

162,546

5-yr growth

5.5%

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

Secure deal room

Confidential diligence documents for 141 PERCY STREET, 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.