10 Sherbrooke Av - Apartments FOR SALE


Ottawa, ON K1Y 1R7- Westboro
$1,199,000 CAD
613-882-6938

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$1,199,000 CAD
Apartments - FOR SALE
null | Request Cap Rate

10 Sherbrooke Av
Ottawa, ON K1Y 1R7
Westboro


HIGHLIGHTS

  • Recently renovated fourplex with durable cinder block construction and modern finishes
  • Fully stabilized investment property with gross annual income of $96,672 at a strong 6% cap rate
  • Features four one-bedroom units plus five individual hydro meters for cost control

OVERVIEW

Welcome to a unique opportunity in the heart of Hintonburg. This fully renovated cinder block fourplex offers investors a stabilized asset with consistent cash flow. Currently generating an annual gross income of $96,672 and a cap rate of approximately 6%, the property is fully tenanted with above-market rents, making it an attractive turnkey acquisition. All four units are one-bedroom and one-bathroom layouts and benefit from separate hydro metering across five meters, enhancing operational efficiency. The property is located just steps away from Wellington Street, one of Ottawa’s most vibrant corridors, known for its eclectic retail, gourmet dining, and boutique coffee shops. With R4UB zoning and an engineer’s report supporting vertical expansion potential, there is an opportunity to significantly increase value through future development. The location offers unmatched walkability and access to transit, parks, and lifestyle amenities, ensuring long-term tenant demand. This asset combines strong in-place performance with potential upside—ideal for portfolio diversification or strengthening your position in Ottawa’s thriving multi-family market.

FOR SALE DETAILS

PRICE

$1,199,000 CAD

PRICE/SF

$293 CAD /SF

# OF UNITS

4

PRICE/UNIT

$299,750

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1950

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,301 SF

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Graham KerrEngel & VölkersMore Info
613-882-6938

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Graham KerrEngel & VölkersMore Info
613-882-6938

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.