122-124 Cobourg St
Ottawa, ON K1N 8H1 Downtown

$2,993,169 USD

Apartments For Sale • 11,925 SF

Property Details

Property Type Apartments
Total Building Size 11,925 SF
Lot Size 0.25 AC
Building Class B
Year Built 1902
Zoning R5C H(18) F(2.0)

100 Transit Score

90 Walk Score

                
                    Highlights
                
                                14-unit asset on one title
                            
                                CMHC MLI Select-insured financing (40-year amortization, max 4.50% rate)
                            
                                Approximately $65K in insurance-funded capital improvements
                            
                                ~9.9% projected NOI uplift through rent optimization
                            
                                Prime Lowertown / Sandy Hill location (Walk Score 97)
                            
                                Capital-light value-add strategy