14 Stevens Av - Apartments FOR SALE


Ottawa, ON K1K 1K5- East Central
$4,390,000 CAD
873-800-0492
14 Stevens Av, Ottawa, ON for Sale
$4,390,000 CAD
Apartments - FOR SALE
1/41
null | 4.1% Cap Rate

14 Stevens Av
Ottawa, ON K1K 1K5
East Central


HIGHLIGHTS

  • Located steps from the Rideau River, Riverain Park and Loblaws, and minutes to the University of Ottawa
  • Accessible by public transit

OVERVIEW

Exceptional opportunity to own a brand-new, purpose-built 8-unit multi-residential building in one of Ottawa's most connected, supply-constrained rental corridors. Completed in 2025 and offered fully turn-key, 14 Stevens Avenue delivers the rare combination today's investors seek: zero deferred maintenance, modern energy-efficient systems, and a diversified income stream across fifteen bedrooms. Each of the eight self-contained 2-level suites is finished to a trophy standard - engineered oak flooring, quartz kitchen countertops, stainless steel appliances, marble-tiled bathrooms, in-suite laundry, and private balconies in the upper units. Individually metered suites and owned tankless hot water keep operating costs low and turnover simple, while ductless heat-pump systems provide efficient year-round heating and cooling. Well-proportioned one- and two-bedroom layouts appeal to a deep tenant pool. Located steps from the Rideau River, Riverain Park and Loblaws, and minutes to the University of Ottawa, St. Paul University, downtown offices, Montfort Hospital, the Rideau Centre and Parliament, the setting underpins low vacancy and steady rent growth. Transit and the St. Laurent Shopping Centre are close at hand. Set on a 4,977 sq ft lot (49.94' x 99.65') and newly-zoned N4B, this is a true core-plus asset built for long-term performance and appreciation. With strong projected net operating income and clear built-in rental upside as suites turn over, it is ideally suited to private investors and portfolio buyers seeking a low-maintenance, new-construction building in a proven Ottawa neighbourhood. A full financial package, rent roll and private tour are available to qualified parties upon execution of a confidentiality agreement. Don't miss this rare chance to acquire a modern, income-generating landmark in Canada's capital.

FOR SALE DETAILS

PRICE

$4,390,000 CAD

PRICE/SF

$885 CAD /SF

# OF UNITS

8

PRICE/UNIT

$548,750

CAP RATE

4.1%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2025

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

4,977 SF

ZONING

N4B

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Jim MatticeJim Mattice Realtor® - LPT RealtyMore Info
873-800-0492

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Jim MatticeJim Mattice Realtor® - LPT RealtyMore Info
873-800-0492

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