Brand-New 8-Unit Apartment Building - 14 Stevens Avenue, Ottawa

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Brand-New 8-Unit Apartment Building - 14 Stevens Avenue, Ottawa · $4,390,000

For Sale $ 4,390,000 CAD
LOCATION: Ottawa Ontario Canada
CATEGORY: Commercial Real Estate
INDUSTRY: Apartment Buildings for Sale | Commercial Buildings for Sale or Lease | Commercial Spaces for Sale or Lease | Industrial Buildings for Sale or Lease | Industrial Units for Sale or Rent
LISTING TYPE: Apartment Buildings for Sale | Income Properties for Sale | Income Properties for Sale | Income Properties for Sale | Income Properties for Sale | Income Properties for Sale | Multiplex for Sale
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Exceptional opportunity to own a brand-new, purpose-built 8-unit multi-residential building in one of Ottawa's most connected, supply-constrained rental corridors. Completed in 2025 and offered fully turn-key, 14 Stevens Avenue delivers the rare combination today's investors seek: zero deferred maintenance, modern energy-efficient systems, and a diversified income stream across fifteen bedrooms. Each of the eight self-contained 2-level suites is finished to a trophy standard - engineered oak flooring, quartz kitchen countertops, stainless steel appliances, marble-tiled bathrooms, in-suite laundry, and private balconies in the upper units. Individually metered suites and owned tankless hot water keep operating costs low and turnover simple, while ductless heat-pump systems provide efficient year-round heating and cooling. Well-proportioned one- and two-bedroom layouts appeal to a deep tenant pool. Located steps from the Rideau River, Riverain Park and Loblaws, and minutes to the University of Ottawa, St. Paul University, downtown offices, Montfort Hospital, the Rideau Centre and Parliament, the setting underpins low vacancy and steady rent growth. Transit and the St. Laurent Shopping Centre are close at hand. Set on a 4,977 sq ft lot (49.94' x 99.65') and newly-zoned N4B, this is a true core-plus asset built for long-term performance and appreciation. With strong projected net operating income and clear built-in rental upside as suites turn over, it is ideally suited to private investors and portfolio buyers seeking a low-maintenance, new-construction building in a proven Ottawa neighbourhood. A full financial package, rent roll and private tour are available to qualified parties upon execution of a confidentiality agreement. Don't miss this rare chance to acquire a modern, income-generating landmark in Canada's capital.

The Key Numbers....

Asking Price: $4,390,000

Net Operating Income: $179,800

Capitalization Rate: 4.1 %

Price / Accommodation: $548,750

Price / room: $292,667

Potential Gross Income: $244,800