360 S Friel Street S, Lower Town - Sandy Hill, ON K1N 7W6
$5,995,000
360 S Friel Street S, Lower Town - Sandy Hill, ON K1N 7W6, Lower Town - Sandy Hill, ON
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.
Property Highlights
For Sale
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Square Footage
8635.89 sqft
Complete Property Details
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| Property Type |
Commercial
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| Sub Type |
Investment
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| Transaction Type |
For Sale
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| Status |
Active
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| Contract Status |
Available
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| MLS® Number |
X12789414
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| Lot Width |
54.0
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| Lot Size Units |
Acres
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| Garage Type |
None
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| Cooling |
Yes
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| Heat Type |
Baseboard
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| Internet Address Display Yn |
Yes
|
| Internet Entire Listing Display Yn |
Yes
|
| Full Address |
360 S Friel Street S, Lower Town - Sandy Hill, ON K1N 7W6
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| City |
Lower Town - Sandy Hill
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| Neighbourhood |
4003 - Sandy Hill
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| County / Region |
Ottawa
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| Province / State |
ON
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| Postal Code |
K1N 7W6
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| Cross Street |
Laurier St to Friel Street
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| Directions |
King Edward Ave south, left on Laurier than left on Friel ST
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| Country |
CA
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| List Price |
$5,995,000
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| Annual Taxes |
$21,484
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| Tax Year |
2025
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| Possession Type |
30-59 days
|
| Possession Details |
Buyer to assume all tenants
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| Listing Office |
COLDWELL BANKER SARAZEN REALTY
|
| Board |
Ottawa Real Estate Board
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| Original Entry |
2026-02-14T15:32:12Z
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| Media Updated |
2026-02-21T20:22:05Z
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| Photos Updated |
2026-02-14T15:32:12Z
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| Last Modified |
2026-02-21T20:22:05Z
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| System Modified |
2026-02-21T20:22:05.783584Z
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| MLS Status |
New
|
| Basement Yn |
Yes
|
| Co List Office Name |
COLDWELL BANKER SARAZEN REALTY
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| Ddfyn |
Yes
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| Expiration Date |
2026-05-31
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| Heat Type Multi |
Baseboard, Water Radiators
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| Hstapplication |
Not Subject to HST
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| Occupant Type |
Tenant
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| Originating System Id |
A00001796
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| Parcel Number |
042110252
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| Public Remarks |
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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| Showing Requirements |
List Brokerage
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| Street Name |
Friel
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| Street Number |
360
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| Street Suffix |
Street
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| Vendor Property Info Statement |
No
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| Virtual Tour Urlunbranded |
https://my.matterport.com/show/?m=rM1UV9q66wP&mls=1
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| Washrooms Type1 |
16
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