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$ 2,309,000
Est. payment | /mo
2,637 SqFt
$ 2,309,000
Est. payment | /mo
2,637 SqFt
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Square Footage 2,637 sqft
Price per Sqft $875
Subdivision 4004 - Sandy Hill
MLS Listing ID X12401650
Annual Tax Amount $12,192
Tax Year 2025
Property Sub-Type Investment
Property 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.
Location
Province ON
County Ottawa
Community 4004 - Sandy Hill
Area Ottawa
Interior
Cooling Yes
Exterior
Utilities Available Yes
Lot Frontage 33.58
Lot Depth 79.0
Others
Virtual Tour https://my.matterport.com/show/?m=2mXTKGJKivt&mls=1
Listed by SLEEPWELL REALTY GROUP LTD