27 Tamarack St - Apartments FOR SALE


Deep River, ON K0J 1P0
$5,999,000 CAD
416-791-7203

NO PHOTO

$5,999,000 CAD
Apartments - FOR SALE
null | 5.62% Cap Rate

27 Tamarack St
Deep River, ON K0J 1P0


HIGHLIGHTS

  • Strong In-Place Cash Flow
  • Stable, Undersupplied Market
  • Fully Conominiumized Asset
  • Modern, Renovated Units
  • Attractive Suite Mix

OVERVIEW

This well-maintained, fully condominiumized building features a highly desirable mix of 13 two-bedroom and 10 three-bedroom units, each offering spacious layouts that appeal to families and quality tenants. All units have been nicely renovated and maintained, with modern kitchens, stainless steel appliances, contemporary bathrooms, and in-suite washer and dryer facilities — a key amenity that enhances tenant convenience and strengthens the building’s market position. The property also offers ample outdoor surface parking, meeting the needs of residents in this suburban setting. As part of Renfrew Standard Condominium Corporation #13, 27 Tamarack Street provides purchasers with the unique flexibility to sell units individually over time or continue to operate the building as a traditional rental apartment. The property is currently governed by a self-managed maintenance agreement with the condominium board, allowing the owner to directly control day-to-day maintenance and core operating costs. Offering a projected Year 1 NOI of $337,074, this asset is available at a compelling 5.62% cap rate, presenting investors with immediate cash flow and long-term stability in a market characterized by low vacancy and limited rental supply. Strategically located within close proximity to schools, parks, shopping, and healthcare facilities, 27 Tamarack Street is well-positioned to benefit from sustained tenant demand and minimal competition. This is an ideal acquisition for investors seeking scale, strong in-place income, and optionally in a quiet, high quality community.

FOR SALE DETAILS

PRICE

$5,999,000 CAD

PRICE/SF

$123 CAD /SF

# OF UNITS

23

PRICE/UNIT

$260,826

CAP RATE

5.62%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1980

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.66 AC

LAND SF

115,870 SF

ZONING

-

APN/PARCEL ID

479600005507721,479600005507722,479600005507723,479600005507724,479600005507725,479600005507726,479600005507727,479600005507728,479600005507729,479600005507730,479600005507731,479600005507732,479600005507733,479600005507734,479600005507735,479600005507736,479600005507737,479600005507738,479600005507739,479600005507740,479600005507741,479600005507742,479600005507743

ASK ABOUT THIS PROPERTY

Dayma ItamunoalaColliersMore Info
416-791-7203

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Dayma ItamunoalaColliersMore Info
416-791-7203

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