Mirna Botros
613-600-2626360 Friel Street - $5,995,000
360 Friel Street - $5,995,000
360 Friel Street
$5,995,000
4003 - Sandy Hill
Ottawa, OntarioK1N7W6
0 beds
16 baths
null parking
MLS#: X12789414Listed: 15 days agoUpdated:8 days ago
Description
Welcome to 360 Friel Street an exceptional turnkey investment opportunity featuring 16 residential units with separate hydro meters, comprised of 9 fully renovated and refurbished units, 7 newly constructed additional units (recently completed). Unit Breakdown: 1 Three-Bedroom Unit, 3 Two-Bedroom Units, 2 One-Bedroom Units, 10 Studio Units. All units are fully furnished and separately metered, offering operational efficiency, reduced utility risk, and strong tenant appeal. The seller is willing to lease all units, providing investors with a stabilized, income-producing asset from day one. Income Overview Projected Residential Rental Income: $402,420.00, Parking Income: $1,800.00, Laundry Income: $3,780.00, Total Projected Gross Income:$408,000.00, Annually Projected 2026 Operating Expenses Vacancy (2%) - $8,084.00, Property Taxes (5.42%) - $21,484.00, Utilities (5.82%) - $23,064.00 (Heat, Water, Hydro) Repairs & Maintenance (4%) - $15,845.00, Property Management (3.96%) - $15,687.00, Property Insurance (6.85%) - $27,125.00Advertising (0.5%) - $1,981.00, Total Projected Operating Expenses: $113,270.00. Financial Summary - Gross Income: $408,000.00, Less Operating Expenses: $113,270.00, Estimated Net Operating Income (NOI): $294,690.00 annually. This newly completed, fully furnished multi-unit property presents a rare opportunity to acquire a modern, income-generating asset with strong projected returns and long-term growth potential. (id:58075)Details
Details for 360 Friel Street, Ottawa, Ontario- Property Type
- Multi Family
- Building Type
- Multi Family
- Storeys
- -
- Neighborhood
- 4003 - Sandy Hill
- Land Size
- 8635.89
- Year Built
- -
- Annual Property Taxes
- $21,484
- Parking Type
- -
Inside
- Appliances
- Washer, Dishwasher, Dryer, Furniture
- Rooms
- -
- Bedrooms
- -
- Bathrooms
- 16
- Fireplace
- -
- Fireplace Total
- -
- Basement
- -
Building
- Architecture Style
- -
- Direction
- Cross Streets: Laurier St to Friel Street. ** Directions: King Edward Ave south, left on Laurier than left on Friel ST.
- Type of Dwelling
- multi_family
- Roof
- -
- Exterior
- -
- Foundation
- -
- Flooring
- -
Land
- Sewer
- -
- Lot Size
- 8635.89
- Zoning
- -
- Zoning Description
- R4T[480]
Parking
- Features
- -
- Total Parking
- -
Utilities
- Cooling
- Fully air conditioned
- Heating
- Baseboard heaters, Radiator
- Water
- Municipal water
Feature Highlights
- Community
- -
- Lot Features
- -
- Security
- -
- Pool
- -
- Waterfront
- -
Rooms
Rooms for 360 Friel Street, Ottawa, OntarioMap
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