122-124 Cobourg St - Apartments FOR SALE


Ottawa, ON K1N 8H1- Downtown
$4,500,000 CAD
613-884-8960
122-124 Cobourg St, Ottawa, ON for Sale
$4,500,000 CAD
Apartments - FOR SALE
1/5
null | 4.65% Cap Rate

122-124 Cobourg St
Ottawa, ON K1N 8H1
Downtown


HIGHLIGHTS

  • Assumable CMHC-Insured Mortgage Available
  • Prime Lowertown Location Minutes from ByWard Market & Rideau Centre
  • Walkable to University of Ottawa & Major Government Employment Hubs
  • Stabilized Income-Producing Asset with Immediate Scale
  • Most Units Renovated; Light Cosmetic Upside Remaining
  • Recent Capital Improvements: Roof, Windows & Exterior Updates

OVERVIEW

Two adjacent 7-unit walk-up apartment buildings operated as a single, cohesive asset, offering streamlined management, simplified financing, efficient tax administration, and enhanced exit flexibility. This structure delivers immediate scale for private capital or family office investors while preserving the operational ease, lower regulatory exposure, and hands-on efficiency associated with non-portfolio multifamily ownership.

FOR SALE DETAILS

PRICE

$4,500,000 CAD

PRICE/SF

$377 CAD /SF

# OF UNITS

14

PRICE/UNIT

$321,429

CAP RATE

4.65%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1902

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.25 AC

LAND SF

10,934 SF

ZONING

R5C H(18) F(2.0)

APN/PARCEL ID

061402060154900,061402060155000

ASK ABOUT THIS PROPERTY

Marc PapineaueXp RealtyMore Info
613-884-8960

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Marc PapineaueXp RealtyMore Info
613-884-8960

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