732 Morin St - Apartments FOR SALE


Ottawa, ON K1K 3G9
$1,200,000 CAD
819-303-8222
732 Morin St, Ottawa, ON for Sale
$1,200,000 CAD
Apartments - FOR SALE
1/92
null | 4.02% Cap Rate

732 Morin St
Ottawa, ON K1K 3G9


HIGHLIGHTS

  • Fantastic investment opportunity in a sought-after neighborhood
  • Perfect for investors or first time buyers looking for rental income
  • Three separate living units, each with own entrance
  • Minutes from schools, transit, parks, and more!

OVERVIEW

This renovated legal triplex is a fantastic investment opportunity in a sought-after neighborhood. Perfect for both seasoned investors and first-time buyers looking to generate rental income, this property offers three separate living units, each with its own private entrance. Unit 1: 3 bedroom, 1 full bathroom with deck and access to backyard ($2,050 + rent increase in Jan 2025). Unit 2: 3 bedroom, 1 full bathroom with balcony ($2,150 + rent increase in Jan 2025). Unit 3: 1 bedroom, 1 full bathroom ($1,300 fix until July 2025). All units have laundry and 2 entrances. City of Ottawa successful building inspection (Oct 2024). This triplex is an exceptional opportunity for both immediate cash flow and long-term equity growth. Situated in Castle Heights, just minutes from St-Laurent complex, schools, transit and much more!

FOR SALE DETAILS

PRICE

$1,200,000 CAD

PRICE/SF

$225 CAD /SF

# OF UNITS

3

PRICE/UNIT

$400,000

CAP RATE

4.02%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Morin Triplex

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1962

PARKING SPACES

2

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,901 SF

ZONING

R4N

APN/PARCEL ID

061401050120100

ASK ABOUT THIS PROPERTY

James BlaskieQuality Homes TeamMore Info
819-303-8222

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James BlaskieQuality Homes TeamMore Info
819-303-8222

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.