3211 St Joseph Blvd - Apartments FOR SALE


Ottawa, ON K1C 1T1- East Central
$4,950,000 CAD
613-683-2202
3211 St Joseph Blvd, Ottawa, ON for Sale
$4,950,000 CAD
Apartments - FOR SALE
1/4
null | Request Cap Rate

3211 St Joseph Blvd
Ottawa, ON K1C 1T1
East Central


HIGHLIGHTS

  • 24-unit low-rise apartment building in the established Orléans community within Ottawa’s east end.
  • Strong access to retail services, schools, healthcare, and recreational destinations in an amenity-rich corridor.
  • Below-market rents (~60%) offer compelling opportunity for revenue growth.

OVERVIEW

3211 St. Joseph Boulevard represents an exceptional multi-family investment opportunity in Ottawa’s east-end community of Orléans. This well-maintained low-rise building comprises 24 residential units situated along one of the area’s primary east-west transportation corridors, offering unmatched visibility and connectivity. The property benefits from solid suburban fundamentals and access to a wealth of nearby amenities, including Place d’Orléans Shopping Centre, grocery stores, healthcare facilities, schools, and dining options—all reinforcing its desirability among tenants. Significant upside exists for investors through rental optimization, as current rents sit approximately 60% below market levels. Additional value-add opportunities include monetizing the generous parking area and leveraging excess development land at the rear of the property for potential expansion or repositioning. The location ensures superior connectivity via Highway 174 for direct access to Downtown Ottawa and surrounding communities. Public transit service along St. Joseph Boulevard heightens accessibility for residents while linking to employment hubs across the city. These combined features position 3211 St. Joseph Boulevard as a premier long-term asset delivering both stable cash flow and substantial redevelopment potential in a growing suburban market.

FOR SALE DETAILS

PRICE

$4,950,000 CAD

PRICE/SF

$162 CAD /SF

# OF UNITS

24

PRICE/UNIT

$206,250

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Christal Place Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1995

PARKING SPACES

22

LAND DETAILS

LAND ACRES

1 AC

LAND SF

43,560 SF

ZONING

-

APN/PARCEL ID

061450040150300

ASK ABOUT THIS PROPERTY

Michael PymanColliersMore Info
613-683-2202

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

Michael PymanColliersMore Info
613-683-2202

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