Description

Rare opportunity to acquire a large-scale multi-residential portfolio in Sandy Hill, just steps from the University of Ottawa. 146-160 Osgoode Street encompasses 8 addresses with a total of 68 fully renovated units, each designed to maximize income with shared kitchens, living areas, and balconies. This high-demand location consistently appeals to students and young professionals, supported by a 96 Walk Score and 97 Bike Score, with immediate access to campus, shops, restaurants, pubs, and everyday conveniences. The property produces a gross annual revenue of $1,125,247 and a Net Operating Income of $839,120, representing a strong 5.5% cap rate at current performance. Tenants benefit from modern amenities, upgraded systems, and efficient layouts that keep occupancy high while maintaining operational stability. Additional income streams are generated through shared facilities, enhancing the properties return profile. With its size, cash flow, and prime location, this portfolio represents a turnkey opportunity to secure one of Ottawas largest and most reliable student-focused multi-residential assets. Long-term appreciation potential, combined with strong current income, makes this a rare and highly attractive offering. (id:2469)

Listing Provided By

SLEEPWELL REALTY GROUP LTD

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