For Sale: 360 Friel Street S, Ottawa, ON - REW
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$5,199,900
0 bd • 16 ba • 8635 sf • Multifamily
360 Friel Street S
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$5,199,900
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360 Friel Street SOttawa, ON, K1N 7W6

Sandy Hill
  • 0 Bed
  • 16 Bath
  • 8635 Sqft
  • Multifamily

About this home

Welcome to 360 Friel Street an exceptional turnkey investment opportunity featuring 16 residential units with separate hydro meters, comprised of 9 fully renovated and refurbished units, 7 newly constructed additional units (recently completed). Unit Breakdown: 1 Three-Bedroom Unit, 3 Two-Bedroom Units, 2 One-Bedroom Units, 10 Studio Units. All units are fully furnished and separately metered, offering operational efficiency, reduced utility risk, and strong tenant appeal. The seller is willing to lease all units, providing investors with a stabilized, income-producing asset from day one. Income Overview Projected Residential Rental Income: $402,420.00, Parking Income: $1,800.00, Laundry Income: $3,780.00, Total Projected Gross Income:$408,000.00, Annually Projected 2026 Operating Expenses Vacancy (2%) - $8,084.00, Property Taxes (5.42%) - $21,484.00, Utilities (5.82%) - $23,064.00 (Heat, Water, Hydro) Repairs & Maintenance (4%) - $15,845.00, Property Management (3.96%) - $15,687.00, Property Insurance (6.85%) - $27,125.00Advertising (0.5%) - $1,981.00, Total Projected Operating Expenses: $113,270.00. Financial Summary - Gross Income: $408,000.00, Less Operating Expenses: $113,270.00, Estimated Net Operating Income (NOI): $294,690.00 annually. This newly completed, fully furnished multi-unit property presents a rare opportunity to acquire a modern, income-generating asset with strong projected returns and long-term growth potential. (id:63626)
Listed by: J.P. (John) Laurin, Salesperson, COLDWELL BANKER SARAZEN REALTY

Home facts and features

Price details
List Price
$5,199,900
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Gross Taxes for 2025
$21,484
Home facts
Bedrooms
0
Full Bathrooms
16
Property Type
Multifamily
Lot Size
54 ft x 0 ft (8635.87 acres)
Depth
Frontage
54.0 feet
Heating Type
Baseboard heaters, Radiator
Cooling
Fully air conditioned
Appliances
Dishwasher, Dryer, Furniture, Washer
Community
Agent details
Primary Agent
Primary Broker
COLDWELL BANKER SARAZEN REALTY
Secondary Agent
Secondary Broker
COLDWELL BANKER SARAZEN REALTY
Tertiary Agent
Louis Lo Mascolo
Tertiary Broker
COLDWELL BANKER SARAZEN REALTY
Listing details
Days on REW
117 Days
Property Views
24
MLS® Number
X12789414
Source
Canadian Real Estate Association
Board
Ottawa Real Estate Board
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Property Insights

ÉEP Francojeunesse
  • Public
  • JK - 6
É Élém C Sainte-Anne
  • Catholic
  • JK - 8
York Street Public School
  • Public
  • JK - 8
ÉEP De la Salle
  • Public
  • 7 - 8
ÉSP De La Salle
  • Public
  • 9 - 12
Viscount Alexander Public School
  • Public
  • JK - 6
Lisgar Collegiate Institute
  • Public
  • 9 - 12
ÉEP Le Trillium
  • Public
  • JK - 6
Elgin Street Public School
  • Public
  • JK - 6
Répit-Transit
  • Public
  • JK - 12
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Call Agent
Salesperson
J.P. (John) Laurin
Phone:
(613) 229-1990
Office:
613-288-1999
Broker
Nantha Aiyadurai
Phone:
(613) 850-9931
Office:
613-288-1999
Salesperson
Louis Lo Mascolo
Phone:
(613) 558-3333
Office:
613-288-1999
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