$2,309,000
Available - For Sale
Listing ID: X12401650
68 Sweetland Avenue , Lower Town - Sandy Hill, K1N 7T8, Ottawa
| 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 that 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. |
| Price | $2,309,000 |
| Taxes: | $12192.00 |
| Tax Type: | Annual |
| Assessment Year: | 2025 |
| Occupancy: | Tenant |
| Address: | 68 Sweetland Avenue , Lower Town - Sandy Hill, K1N 7T8, Ottawa |
| Postal Code: | K1N 7T8 |
| Province/State: | Ottawa |
| Directions/Cross Streets: | Sweeltand & Osgoode |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 0 | |
| Washroom Type 2 | 0 | |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 |
| Category: | Apartment |
| Building Percentage: | T |
| Total Area: | 2637.00 |
| Total Area Code: | Square Feet |
| Management Expense: | 6659 |
| Vacancy Allowance: | 3432 |
| Net Income Before Debt: | $117182 |
| Expenses Actual/Estimated: | $Act |
| Washrooms: | 0 |
| Heat Type: | Gas Hot Water |
| Central Air Conditioning: | Yes |
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| SLEEPWELL REALTY GROUP LTD |
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Dir:
647-472-6050
Bus:
905-709-7408
Fax:
905-709-7400
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At a Glance:
| Type: | Com - Investment |
| Area: | Ottawa |
| Municipality: | Lower Town - Sandy Hill |
| Neighbourhood: | 4004 - Sandy Hill |
| Tax: | $12,192 |
| Fireplace: | N |
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