305 Waverley St W - Apartments FOR SALE


Ottawa, ON K2P 0V9- Downtown
$2,669,000 CAD
613-220-8624
305 Waverley St W, Ottawa, ON for Sale
$2,669,000 CAD
Apartments - FOR SALE
1/9
null | 5% Cap Rate

305 Waverley St W
Ottawa, ON K2P 0V9
Downtown


HIGHLIGHTS

  • Ideally situated just minutes from the Museum of Nature, Downtown Ottawa, the Rideau Canal, and the Glebe
  • property is within walking distance to grocery stores, banks, parks, and public transit ensuring high demand among tenants.
  • his site holds future potential for redevelopment or expansion.

OVERVIEW

Rare Investment Opportunity 9-Unit Multi-Family Property in Prime Downtown Ottawa! This rarely offered 9-unit investment property is a fantastic opportunity in one of Ottawa's most central and desirable neighborhoods. The building consists of 4 two-bedroom units, 3 one-bedroom units, and 2 bachelor units, all featuring high ceilings, hardwood floors, and charming architectural details that add character and appeal. With below-market rents, this property presents an excellent opportunity for future rent increases, offering strong potential for greater returns. Each unit is separately metered for hydro, with tenants responsible for their own electricity, ensuring lower operational costs for the owner. The property is equipped with 9 hydro meters, 9 rented hot water tanks, and a rented natural gas boiler with radiator heating. A shared coin-operated laundry is conveniently located in the basement for additional income.

FOR SALE DETAILS

PRICE

$2,669,000 CAD

PRICE/SF

$460 CAD /SF

# OF UNITS

9

PRICE/UNIT

$296,556

CAP RATE

5%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1927

PARKING SPACES

9

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,663 SF

ZONING

R4UD

APN/PARCEL ID

061404210122900

ASK ABOUT THIS PROPERTY

Andrea GilRoyal LePage Team RealtyMore Info
613-220-8624

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Andrea GilRoyal LePage Team RealtyMore Info
613-220-8624

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