202 Rochester Street Ottawa, Ontario K1R 7M6

$164,999,990

INVESTOR ALERT - 5.5% CAP RATE IN LITTLE ITALY.Exceptional opportunity to acquire a 6-unit multi-residential asset in one of Ottawa's most supply-constrained and high-demand rental markets. This property offers a strong and versatile unit mix of three 2-bedroom units, two 3-bedroom units, and one 1-bedroom unit, delivering immediate income with long-term upside. Current cap rate of approximately 5.5% provides a compelling return in a premium urban location. Two units feature large private decks, a rare value-add in central Ottawa that supports tenant retention and potential rental premiums. A rear parking lot further enhances tenant demand and income stability. Numerous updates and renovations have already been completed, reducing near-term capital expenditures, while remaining cosmetic improvements present a clear opportunity to further increase rents and overall asset value. Each unit offers functional layouts with generous living spaces, appealing to a broad tenant base including professionals, families, and students. The location drives consistent occupancy, situated steps from Preston Street's vibrant restaurant and retail corridor, and minutes to Dow's Lake, the Arboretum, Carleton University, the O-Train, and major downtown employment hubs. This is a rare chance to secure a 6-plex in Little Italy at a 5.5% cap rate-a combination of yield, location, and upside that is increasingly difficult to find. Ideal for investors seeking strong cash flow, future rent growth, and long-term appreciation. Act quickly. Some images have been virtually staged to protect tenant privacy. (id:43934)

Property Details

MLS® Number	X12372575
Property Type	Multi-family
Neigbourhood	Centretown West
Community Name	4205 - West Centre Town
Parking Space Total	6

Building

Bathroom Total	6
Bedrooms Above Ground	13
Bedrooms Total	13
Basement Development	Unfinished
Basement Type	N/a (unfinished)
Cooling Type	None
Exterior Finish	Stucco
Foundation Type	Block
Heating Type	Other
Stories Total	2
Size Interior	5,000 - 100,000 Ft2
Type	Other
Utility Water	Municipal Water

Parking

No Garage

Land

Acreage	No
Sewer	Sanitary Sewer
Size Depth	100 Ft
Size Frontage	53 Ft ,6 In
Size Irregular	53.5 X 100 Ft
Size Total Text	53.5 X 100 Ft
Zoning Description	R4t[951]-c, R4t-c

Rooms

Level	Type	Length	Width	Dimensions
Second Level	Living Room	4.4 m	3.1 m	4.4 m x 3.1 m
Second Level	Kitchen	4.2 m	3.1 m	4.2 m x 3.1 m
Second Level	Bedroom	3.2 m	3.1 m	3.2 m x 3.1 m
Second Level	Bedroom 2	3.6 m	3.4 m	3.6 m x 3.4 m
Second Level	Bedroom 3	4.5 m	3.3 m	4.5 m x 3.3 m
Second Level	Bathroom	1.9 m	1.4 m	1.9 m x 1.4 m
Second Level	Laundry Room	1.9 m	1.4 m	1.9 m x 1.4 m
Second Level	Foyer	3.3 m	2.1 m	3.3 m x 2.1 m
Second Level	Living Room	5.5 m	5.3 m	5.5 m x 5.3 m
Second Level	Kitchen	4.1 m	2.5 m	4.1 m x 2.5 m
Second Level	Bedroom	3.7 m	3.3 m	3.7 m x 3.3 m
Second Level	Bedroom 2	5.4 m	3.6 m	5.4 m x 3.6 m
Second Level	Bedroom 3	3.6 m	2.7 m	3.6 m x 2.7 m
Second Level	Bathroom	3.3 m	2.2 m	3.3 m x 2.2 m
Ground Level	Living Room	5.3 m	2.8 m	5.3 m x 2.8 m
Ground Level	Living Room	6.4 m	4.4 m	6.4 m x 4.4 m
Ground Level	Kitchen	3.9 m	2.8 m	3.9 m x 2.8 m
Ground Level	Bedroom	3.4 m	3 m	3.4 m x 3 m
Ground Level	Bedroom 2	5.2 m	3.2 m	5.2 m x 3.2 m
Ground Level	Bathroom	3.3 m	2.8 m	3.3 m x 2.8 m
Ground Level	Living Room	4.8 m	3 m	4.8 m x 3 m
Ground Level	Kitchen	3.7 m	2 m	3.7 m x 2 m
Ground Level	Bedroom	3.9 m	2.5 m	3.9 m x 2.5 m
Ground Level	Bathroom	3 m	1.4 m	3 m x 1.4 m
Ground Level	Kitchen	3.85 m	3.32 m	3.85 m x 3.32 m
Ground Level	Bedroom	3.2 m	3.2 m	3.2 m x 3.2 m
Ground Level	Bedroom 2	4.1 m	2.8 m	4.1 m x 2.8 m
Ground Level	Bathroom	3.9 m	1.7 m	3.9 m x 1.7 m
Ground Level	Living Room	4.1 m	4.9 m	4.1 m x 4.9 m
Ground Level	Kitchen	4.2 m	3.4 m	4.2 m x 3.4 m
Ground Level	Bedroom	3.8 m	3.5 m	3.8 m x 3.5 m
Ground Level	Bedroom 2	3.6 m	3.3 m	3.6 m x 3.3 m
Ground Level	Bathroom	3.2 m	1.8 m	3.2 m x 1.8 m

https://www.realtor.ca/real-estate/28795703/202-rochester-street-ottawa-4205-west-centre-town