$5,497,900
FOR SALE

Investment

Lot: 54 x 99 ft
2025 Taxes: $21,484

360 S Friel St S
Lower Town - Sandy Hill, ON K1N 7W6 | 4003 - Sandy Hill | Ottawa

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.
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Listed By COLDWELL BANKER SARAZEN REALTY
Data Provided By Toronto Regional Real Estate Board
MLS® Listing Number X12789414
Last Updated Apr 01, 2026
Property Summary
Property Type Investment

More like this:
Use Apts - 13 To 20 Units
PIN 042110252
Possession Date Buyer to assume all tenants
Taxes (2025) $21,484
Directions/Cross Streets Laurier St to Friel Street
Neighbourhood 4003 - Sandy Hill
Area Ottawa
Price History

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Detailed Information
Freestanding Y
Bathrooms 16
Lot 54 x 99 ft
Air Conditioning Yes
Basement Basement
Garage Type None
Heat Type Baseboard

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