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Renanza Realty
For sale

118 ROCHESTER STREET

Ottawa, Ontario

MLS® X13124998

$1,899,999

Status
Active
Property type
Multi-family
MLS® number
X13124998
Bedrooms
Bathrooms
Year built

Listing description

Recently fully Renovated property 118 Rochester Street presents an excellent opportunity to acquire a well-maintained purpose-built sixplex in the heart of Ottawa's sought-after West Centretown/Chinatown neighbourhood. Ideally located within walking distance to Little Italy, Bayview Station, transit, restaurants, shops, and numerous amenities, this property offers both stable in-place income and significant long-term upside potential. The building consists of six spacious two-bedroom units with functional layouts, many featuring hardwood flooring, large windows, and excellent natural light throughout.

Each unit benefits from private outdoor space, including front balconies and rear decks. Separately metered hydro allows tenants to pay their own electricity, helping reduce operating expenses. The property also features a large shared laundry area and individual tenant storage lockers in the basement.

Mechanically, the building has been well maintained with a gas-fired radiant heating system serviced by a newer boiler (2015). Recently Renovated - Major updates to roof, windows, plumbing, and electrical improvements completed. Fire retrofit documentation is on file.

A new rear staircase/fire escape has recently been constructed, with minor remaining work associated with completion of a firewall as required through a granted minor variance. The property offers considerable rental upside through future turnover and operational optimization, presenting investors with a strong opportunity to increase NOI and overall asset value over time. Historically low vacancy in this highly desirable rental pocket further supports the long-term stability of the investment.

A previous buyer completed a Phase I Environmental Site Assessment (ESA). Fully Renovated. Additional information available upon request.

Buyer to Confirm All Details and Measurements.

Property summary

MLS® number
X13124998
Property type
Multi-family
Building type
Multi-Family
Square footage
7,000 sq ft
Land size
33 x 107.58 FT
Annual property taxes
$11,756.00
Days on market
105 days

Features & details

Heating
Forced air, Natural gas
Cooling
None

What would this home cost you?

Based on the $1,899,999 asking price at a 5.00% example rate, semi-annual compounding.

Estimated monthly payment$8,840 /mo

Unlock the Complete Cost Breakdown for this Home

Land transfer taxes, closing costs and buyer rebates for this exact price — plus an advisor to confirm what you qualify for.

Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.

Listing courtesy of EXP REALTY, OTTAWA.

The listing data displayed here is provided in part by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®) and is drawn from Boards and Associations across Canada. Information is deemed reliable but is not guaranteed accurate by CREA. The listings are held by brokerages other than Renanza Realty unless otherwise noted.

The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.