1549 Maxime St - Apartments FOR SALE


Gloucester, ON K1B 3K9
$2,495,000 CAD
1549 Maxime St, Gloucester, ON for Sale
$2,495,000 CAD
Apartments - FOR SALE
1/2
null | 4.73% Cap Rate

1549 Maxime St
Gloucester, ON K1B 3K9


HIGHLIGHTS

  • Fully occupied 6-unit apartment building generating over $9,800 monthly (~$118,000 annually) in rental income.
  • Minutes from Highway 417, Blair and Cyrville LRT stations, shopping centres, restaurants, and everyday conveniences.
  • A rare opportunity combining stable cash flow today with long-term growth potential in a desirable, high-demand area.

OVERVIEW

Outstanding Multi-Family Investment with Income & Future Potential. Located in Ottawas east end, this well-maintained 6-unit apartment building offers both stable rental income and exciting long-term growth opportunities. Sitting on a generously sized 0.24-acre lot (~80 ft frontage x ~132 ft depth), the property combines strong cash flow with excellent redevelopment potential. Currently fully occupied, the building generates over $9,800 in monthly rental income (~$118,000 annual), making it an attractive turnkey investment from day one. The unit mix is highly rentable and diverse: three 2-bedroom units, two 1-bedroom units, and one bachelor apartment. Recent improvements include a new 50-year roof installed in 2018 and modern renovations in several units, reducing future maintenance concerns and enhancing tenant appeal. The property is zoned R1WW[637], unlocking possibilities for future development while maintaining immediate income stability. The location is a major asset- just minutes from Highway 417, Blair and Cyrville LRT stations, shopping centres, restaurants, and everyday conveniences. Tenants benefit from excellent connectivity, while investors gain peace of mind knowing the property is situated in a desirable and growing area. Whether you are looking to expand your multi-family portfolio, secure a reliable cash-flowing property, or position yourself for redevelopment in the future, this building checks all the boxes. A rare opportunity to invest in a strong-performing asset with both present income and future upside.

FOR SALE DETAILS

PRICE

$2,495,000 CAD

PRICE/SF

$554 CAD /SF

# OF UNITS

6

PRICE/UNIT

$415,833

CAP RATE

4.73%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1968

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.24 AC

LAND SF

10,454 SF

ZONING

R1WW

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Akash SharmaREAL BROKER ONTARIO LTDMore Info

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Akash SharmaREAL BROKER ONTARIO LTDMore Info

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