360 Friel ST S, Lower Town - Sandy Hill, ON K1N 7W6
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360 Friel ST S, Lower Town - Sandy Hill, ON K1N 7W6,Video Tour
360 Friel ST S, Lower Town - Sandy Hill, ON K1N 7W6
360 Friel ST S, Lower Town - Sandy Hill, ON K1N 7W6
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Corinne Campbell, Broker

Corinne Campbell, Broker

+1(613) 701-9490
$ 5,497,900
Est. payment /mo
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Price Dropped by $497K

360 Friel ST S Lower Town - Sandy Hill, ON K1N 7W6

16 Baths

UPDATED:

Key Details

Property Type Commercial

Sub Type Investment

Listing Status Active

Purchase Type For Sale

Subdivision 4003 - Sandy Hill

MLS Listing ID X12789414

Annual Tax Amount $21,484

Tax Year 2025

Property Sub-Type Investment

Property 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.

Location

Province ON

County Ottawa

Area Ottawa

Interior

Cooling Yes

Exterior

Utilities Available Available

Lot Frontage 54.0

Lot Depth 99.0

Building

Building Age 51-99

Others

Security Features No

ParcelsYN No

Virtual Tour https://my.matterport.com/show/?m=rM1UV9q66wP&mls=1

Listed by COLDWELL BANKER SARAZEN REALTY
Corinne Campbell, Broker

Corinne Campbell, Broker

Broker

+1(613) 701-9490

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360 Friel ST S