A High Cap Rate, Remodeled, Investment Property
Explore 32 St. Francis, your gateway to an exceptional triplex investment opportunity with excellent returns, strong cap rate and potential development opportunities on a huge lot. All major re-modelling and upkeep expenses are complete. Enjoy a property with high rents, zero vacancy in the most desirable area of Ottawa with a huge lot affording room to add additional units.
32
32
Property Details
Purpose built triplex on a huge 50x130ft lot with second building containing a single garage bay, double garage bay, storage unit, 6 parking spots. Excellent income, strong cap rate and opportunity to expand and add additional units on back of lot.
Unit Mix
Unit 3 - 2 Bedrooms (plus a separate office/laundry combo room). 3 season loft. Balcony and Private outdoor patio. 1 bathroom. Fully remodeled. Split unit A/C and laundry in unit.
Unit 2 - 2 Bedrooms (plus a separate office/laundry combo room). Balcony and Private outdoor patio. Private entrance. 1 bathroom. Fully remodeled. Split unit A/C and laundry in unit.
Unit 1 - 1 Bedrooms (plus a separate office/den). Private outdoor patio. Private entrance. 1 bathroom. Fully remodeled. Laundry in unit.
Income/Expense Details
Excellent numbers on this perfect Hintonburg location tri-plex investment property. $106092 gross, $97077 net ~5.5% cap rate. What’s even better about this cap rate?? Unlike other buildings all the major update expenses have been completed in last few years! (see list below).
$106,092 Gross Income
$2900 Unit 3 - including 1 parking spot (owner occ)
$2866 Unit 2 - including 2 parking spots
$1875 Unit 1 - including no parking spot.
$600 Garage bay #2 including 1 parking spot.
$200 Garage bay #1 no parking spot.
$150 Storage unit (owner occ)
$125 Parking spot #1
$125 Parking spot #5
$13500 Total Expenses.
$10200 Property tax
$1000 Snow removal
$2800 Hydro. Gas and Water.
Major Property Improvements
2024 New gas hot water tanks (owned) $5k
2023 New boiler for building $10k
2023 new asphalt driveway and parking lot and armourstone $50k
2022 Unit 1 Updated interior with all new appliances $35k
2022 Unit 2 Updated interior with all new appliances$50k
2022 Unit 3 update with all new appliances $50k
2022 Building Exterior paint and interior paint and common area flooring
2022 Landscaping front and back and interlock patios, fencing $55k
2022 Building Exterior and interior paint $12k
2022 Garage Exterior paint $8k
2022 Split unit A/C units $12k
2020 Main roof and Garage Roof $45k
Portfolio Management
Our management services help you optimize property performance while coordinating essential maintenance and tenant relations.
UNIT 2&3
(same)
Client Experiences
Jessica Huang: "The team provided invaluable insights and helped me land my investment quickly!"
Marcus Johnson:
Portfolio
