Multi-unit
$1,175,000
315-317 Booth Street
West Centre Town, Ottawa
- 8 bd
- 4 ba
- Fourplex
1 / 12
$1,550,000
West Centre Town, Ottawa, ON K1R7M6 · MLS® X13834104
Investment opportunity in the heart of Ottawa's Centre town West/Little Italy. This well-positioned six-unit multi-residential property offers a strong combination of current income and future upside. Featuring three 2-bedroom units, two 3-bedroom units, and one 1-bedroom unit, the property generates approximately $129,600 in gross annual rental income. The property benefits from rear parking, generous unit layouts, and opportunities to further optimize rents and operating expenses. Located steps from Preston Street and Chinatown, with convenient access to restaurants, retail, transit, and ongoing infill development throughout the surrounding area. A solid income-producing asset in a central Ottawa location with long-term investment potential. (id:65933)
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Estimate only, not financial advice. Rent is reduced by vacancy, then management is taken on the rent collected; net operating income = that, less property tax and other costs; cap rate = net operating income ÷ price; cash flow also subtracts the mortgage (semi-annual compounding, as Canadian mortgages use). Vacancy default: CMHC Rental Market Report, Ottawa, October 2025.
Listed by Exp Realty.
Listing data provided by REALTOR.ca DDF® and owned by The Canadian Real Estate Association (CREA). Deemed reliable but not guaranteed.