202 Rochester St - Apartments FOR SALE


Ottawa, ON K1R 7M6- Westboro
$1,649,000 CAD
866-764-3342
202 Rochester St, Ottawa, ON for Sale
$1,649,000 CAD
Apartments - FOR SALE
1/18
null | 5.88% 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

INVESTOR ALERT - 5.5% CAP RATE IN LITTLE ITALY.Exceptional opportunity to acquire a 6-unit multi-residential asset in one of Ottawa's most supply-constrained and high-demand rental markets. This property offers a strong and versatile unit mix of three 2-bedroom units, two 3-bedroom units, and one 1-bedroom unit, delivering immediate income with long-term upside. Current cap rate of approximately 5.5% provides a compelling return in a premium urban location. Two units feature large private decks, a rare value-add in central Ottawa that supports tenant retention and potential rental premiums. A rear parking lot further enhances tenant demand and income stability. Numerous updates and renovations have already been completed, reducing near-term capital expenditures, while remaining cosmetic improvements present a clear opportunity to further increase rents and overall asset value. Each unit offers functional layouts with generous living spaces, appealing to a broad tenant base including professionals, families, and students. The location drives consistent occupancy, situated steps from Preston Street's vibrant restaurant and retail corridor, and minutes to Dow's Lake, the Arboretum, Carleton University, the O-Train, and major downtown employment hubs. This is a rare chance to secure a 6-plex in Little Italy at a 5.5% cap rate-a combination of yield, location, and upside that is increasingly difficult to find. Ideal for investors seeking strong cash flow, future rent growth, and long-term appreciation. Act quickly. Some images have been virtually staged to protect tenant privacy.

FOR SALE DETAILS

PRICE

$1,649,000 CAD

PRICE/SF

$272 CAD /SF

# OF UNITS

6

PRICE/UNIT

$274,833

CAP RATE

5.88%

% 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
866-764-3342

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Caroline RisiRoyal Lepage Integrity RealtyMore Info
866-764-3342

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