360 Friel St 9 Unit Apartment Building $4,383,496 USD ($487,055 USD/Unit) 4.92% Cap Rate Ottawa, ON K1N 7W6

This off-market investment opportunity at 360 Friel Street in Ottawa offers a 16-unit, 20-bed multifamily property located within walking distance of the University of Ottawa. The asset is fully furnished and all-inclusive, catering to a strong student and young professional rental market. With a Walk Score of 98, Transit Score of 87, and Bike Score of 99, the property provides exceptional accessibility to public transportation, cycling routes, and essential amenities.
The building features modern security measures, including cameras, intercom, and digital locks, ensuring tenant safety and convenience. A new addition was recently completed in Fall 2025, enhancing the property’s overall appeal and functionality. Surrounded by restaurants, pubs, grocery stores, and lifestyle amenities, the location supports consistent rental demand and long-term occupancy stability.
Financially, the property demonstrates strong performance with projected annual revenue of approximately $399,916 and a projected net income of $294,690, representing a healthy operating margin. The current unit mix includes bachelor, one-bedroom, two-bedroom, and three-bedroom layouts, offering flexibility for various tenant needs.
This property represents a rare chance to acquire a stabilized, income-generating asset in a high-demand urban market with proximity to major educational and employment hubs.