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11-1,2,3; 13-1,2,3 - 11 & 13 ACACIA AVENUE, Ottawa, Ontario

$2,275,000

  • 4,200 Square Feet

Cap Rate = 5.3%. Fully renovated 6-plex apartment building on storied Acacia Ave at the entrance to Rockliffe Park. New bathrooms and kitchens w quartz countertops, new flooring, fridges, dishwashers, washer-dryers, microwaves and hot water tanks in all units in winter of 2021. New wiring and plumbing throughout. Building fully occupied with young professionals. Average lease length of 2 years, creating ample opportunity to increase rents to market value without additional capital improvements. Annual gross income of $143k. NOI of $121k. Electric heat, separate meters for each unit, tenants pay hydro. Two 1 bedroom garden-level walkout units with their own green space. Two 1 bedroom 1st floor units with private, west facing decks. Two 1 bedroom and den 2nd story units with private, east facing decks. Units rent from $1,800/ month to $2,200/month. Parking for 6 cars in adjacent lot. Rent roll for all 6 units available. Finacial statements prepared by accounting firm available, recent survey available. Safe, popular, leafy neighbourhood with many attractive amenties within short walking distance, including Metro, LCBO, Starbucks, Bridgehead, Pet Value, restaurants and specialty shops. Bike and jogging paths, and winding, secluded streets of Rockliffe Park only a stones throw away. Great location and excellent investment opportunity. (id:56241)

  • Listing ID: X12304547
  • Property Type: Multi-family
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Details

  • Amenities Nearby: Public Transit
  • Transaction: For sale
  • Zoning Description: RU4D

Building

  • Fireplace Present: False
  • Heating: Baseboard heaters
  • Size Exterior: 4200 sqft
  • Size Interior: 4200 sqft
  • Type: Multi-Family
  • Utility Water: Municipal water

Land

  • Amenities: Public Transit
  • Size Frontage: 38.1 m
  • Size Irregular: Bldg=38.1 x 43.6 M
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This REALTOR.ca listing content is owned and licensed by REALTOR® members of the Canadian Real Estate Association. This property for sale is located at 11-1,2,3; 13-1,2,3 - 11 & 13 ACACIA AVENUE in Ottawa Ontario. It was last modified on July 24th, 2025. Contact us to schedule a viewing or to discover other Ottawa real estate for sale.

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