360 Friel Street S Ottawa, Ontario K1N 7W6
16 Bathroom
8,636 ft2
Fully Air Conditioned
Baseboard Heaters, Radiator
Acreage
$5,995,000
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:15069)
Business
| Business Type | Residential |
| Business Sub Type | Apartments |
Property Details
| MLS® Number | X12789414 |
| Property Type | Multi-family |
| Community Name | 4003 - Sandy Hill |
| Equipment Type | Water Heater |
| Rental Equipment Type | Water Heater |
Building
| Bathroom Total | 16 |
| Age | 51 To 99 Years |
| Appliances | Dishwasher, Dryer, Furniture, Washer |
| Cooling Type | Fully Air Conditioned |
| Heating Type | Baseboard Heaters, Radiator |
| Size Exterior | 8635.89 Sqft |
| Size Interior | 8,636 Ft2 |
| Type | Multi-family |
| Utility Water | Municipal Water |
Land
| Acreage | Yes |
| Size Depth | 99 Ft |
| Size Frontage | 54 Ft |
| Size Irregular | 8635.89 |
| Size Total | 8635.89 Ac |
| Size Total Text | 8635.89 Ac |
| Zoning Description | R4t[480] |
https://www.realtor.ca/real-estate/29361999/360-friel-street-s-ottawa-4003-sandy-hill
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February 21 2026 08:53:38
Ottawa Real Estate Board
Coldwell Banker Sarazen Realty