Lower Town - Sandy Hill - 4004 - Sandy Hill
Lower Town - Sandy Hill - 4004 - Sandy Hill
Listed For $2,309,000
Get Pre-approvedSold Conditional
Exceptional development, with 33-unit expansion, and investment opportunity in Sandy Hill, just steps from the University of Ottawa. 68 Sweetland Avenue is a fully renovated multi-residential property offering 9 units with 10 furnished bedrooms, currently operated on an all-inclusive rental model that consistently appeals to students and young professionals. The building generates a gross annual revenue of $168,168 and a Net Operating Income of $117,182, representing a solid 5.0% cap rate at todays performance. In addition to the strong income in place, the property comes with approved plans for a 33-unit expansion, creating significant long-term growth potential. This positions the property as more than just a stable income generator, its also a development play in one of Ottawas most rel
* Values are estimates only and not a guarantee of lending or affordability.
