202 Rochester St - Apartments FOR SALE


Ottawa, ON K1R 7M6- Westboro
$2,250,000 CAD
855-458-0375
202 Rochester St, Ottawa, ON for Sale
$2,250,000 CAD
Apartments - FOR SALE
1/1
null | 3.9% Cap Rate

202 Rochester St
Ottawa, ON K1R 7M6
Westboro


HIGHLIGHTS

  • Features six spacious apartments—three 2-bedrooms, two 3-bedrooms, and one 1-bedroom—offering strong tenant appeal and income stability.
  • Currently generating a 3.9% cap rate, with upside potential through cosmetic upgrades and rent increases.
  • Units 5 and 6 boast private decks, a rare amenity in central Ottawa that enhances tenant lifestyle and rental value.
  • Nestled in the heart of Little Italy, steps from Preston Street, Dows Lake, the Arboretum, and scenic bike paths.
  • Includes a rear parking lot, well-sized living areas, and proximity to Carleton University, O-Train, and downtown employers.
  • A solid asset in one of Ottawa’s most sought-after rental markets, ideal for investors seeking strong fundamentals and future growth.

OVERVIEW

Welcome to this attractive 6-plex in the heart of Ottawa's vibrant Little Italy. Offering a highly desirable unit mix: 2 & 3-bedroom apartments, three 2-bedroom suites, and one 1-bedroom, this property provides both stability and versatility for investors. With a current cap rate of 3.9%, it represents a strong foothold in one of Ottawa's most sought-after rental markets. Apartments 5 and 6 feature expansive private decks, giving tenants rare outdoor living space perfect for entertaining, relaxing, or enjoying views of the lively neighbourhood. The property also offers a rear parking lot, a highly valued amenity in this central urban location. Several updates and renovations have already been completed, while further cosmetic improvements present excellent potential to increase rents and property value. Each apartment includes well-proportioned living areas, ensuring comfort and functionality for tenants. Beyond the building itself, the location is truly unbeatable. Situated just steps from Preston Street's renowned restaurants, cafés, and gelaterias, tenants enjoy the best of Ottawa's cultural dining scene. With Dows Lake, the Arboretum, and bike paths nearby, outdoor recreation is always within reach. Add in easy access to Carleton University, public transit, including the O-Train, and major downtown employers, and this property stands out as a highly attractive choice for a diverse rental pool. Whether you're an experienced investor or looking to expand your portfolio, this Little Italy multi-residential offers strong income, growth potential, and a prime address in one of Ottawa's most dynamic and desirable communities. Prime location. Tenant appeal. Long-term value. Don't miss your chance to own a quality 6-unit building in Ottawa's thriving rental market. Some of the content in the images has been virtually staged to protect the privacy of the tenants.

FOR SALE DETAILS

PRICE

$2,250,000 CAD

PRICE/SF

$371 CAD /SF

# OF UNITS

6

PRICE/UNIT

$375,000

CAP RATE

3.9%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1920

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.09 AC

LAND SF

4,051 SF

ZONING

-

APN/PARCEL ID

061406340116000

ASK ABOUT THIS PROPERTY

Caroline RisiRoyal Lepage Integrity RealtyMore Info
855-458-0375

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Caroline RisiRoyal Lepage Integrity RealtyMore Info
855-458-0375

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