Mirna Botros
613-600-262668 Sweetland Avenue - $2,309,000
68 Sweetland Avenue - $2,309,000
68 Sweetland Avenue
$2,309,000
4004 - Sandy Hill
Ottawa, OntarioK1N7T8
0 beds
0 baths
null parking
MLS#: X12401650Listed: 1 day agoUpdated:about 18 hours ago
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 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. (id:58075)Details
Details for 68 Sweetland Avenue, Ottawa, Ontario- Property Type
- Multi Family
- Building Type
- Multi Family
- Storeys
- -
- Neighborhood
- 4004 - Sandy Hill
- Land Size
- Bldg=33.58 x 79 FT
- Year Built
- -
- Annual Property Taxes
- $12,192
- Parking Type
- -
Inside
- Appliances
- -
- Rooms
- -
- Bedrooms
- -
- Bathrooms
- 0
- Fireplace
- -
- Fireplace Total
- -
- Basement
- -
Building
- Architecture Style
- -
- Direction
- Sweeltand & Osgoode
- Type of Dwelling
- multi_family
- Roof
- -
- Exterior
- -
- Foundation
- -
- Flooring
- -
Land
- Sewer
- -
- Lot Size
- Bldg=33.58 x 79 FT
- Zoning
- -
- Zoning Description
- R4UD[480]
Parking
- Features
- -
- Total Parking
- -
Utilities
- Cooling
- Fully air conditioned
- Heating
- Hot water radiator heat, Natural gas
- Water
- Municipal water
Feature Highlights
- Community
- -
- Lot Features
- -
- Security
- -
- Pool
- -
- Waterfront
- -
Rooms
Rooms for 68 Sweetland Avenue, Ottawa, OntarioMap
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