Sale
13 hours on website
$2,309,000
Apartment
68 SWEETLAND AVENUE
Ottawa, 4004 - Sandy Hill K1N7T8
No obligation In-Person or Video Chat Tour
Beds · 0
Baths · 0.0
Sqft · 2637
Description
Exceptional development, with 33-unit expansion, and investment opportunity in Sandy Hill, just steps from the University of Ottawa. 68 Sweetland Avenue is a fully renovated multi-residential property offering 9 units with 10 furnished bedrooms, currently operated on an all-inclusive rental model th...at consistently appeals to students and young professionals. The building generates a gross annual revenue of $168,168 and a Net Operating Income of $117,182, representing a solid 5.0% cap rate at todays performance. In addition to the strong income in place, the property comes with approved plans for a 33-unit expansion, creating significant long-term growth potential. This positions the property as more than just a stable income generator, its also a development play in one of Ottawas most reliable neighbourhoods. Tenants benefit from a 90 Walk Score, 80 Transit Score, and 94 Bike Score, with cafés, restaurants, grocery stores, and the ByWard Market all within walking distance. Renovated suites, upgraded systems, and the furnished rental model ensure stable operations while the approved expansion unlocks future scalability. For investors seeking both current cash flow and a clear path to future growth, 68 Sweetland offers a rare combination of income stability and development upside in the core of the city. (id:10452)
General
Type
Apartment
Style
Multi-Family
Year Built
-
Square Footage
2637 sqft
Taxes
-
Maintenance Fee
-
Est. mortgage
$8,760/mo
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Ahmad Nawaz
Sales Representative
Email: [email protected]
Phone: 613-539-1458
Listing courtesy of:
SLEEPWELL REALTY GROUP LTD
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