49 - 55 Adam Street

About this home

An exceptional opportunity to acquire a modern, turnkey multifamily investment property consisting of two side-by-side four-unit buildings, constructed in 2022. Featuring a desirable unit mix of four spacious 3-bedroom units (1,375 sqft each) and four 2-bedroom units (1,250 sqft each), the property offers a total of 8 well-appointed residential units with modern finishes throughout, including quartz countertops, stainless steel appliances, and contemporary design. Additional amenities include 4 carports, providing convenient covered parking for residents and large driveways with ample space to accommodate 2 vehicles/unit. Fully occupied and generating rental income from day one, this property offers investors a rare opportunity to acquire a newer, low-maintenance asset with exceptional assumable CMHC financing featuring a 40-year amortization. The existing financing allows for an acquisition with approximately 13% down payment, providing investors with an attractive opportunity to leverage their capital while acquiring a modern multifamily asset. Ideally located just 35 minutes from Ottawa's core, the property combines modern construction, large attractive unit layouts and convenient access to the city. An excellent addition to any multifamily portfolio, offering turnkey operations and highly attractive financing.

Details

Type

Investment

Lot

152.1 × 166.7 ft

Garage

None

Property tax

$18,988 (2026)

Neighbourhood

605 - The Nation Municipality

Municipality

The Nation

Heating, cooling and services

Heating

Gas Forced Air Closed

Air conditioning

Yes

Utilities

Yes

Building and exterior

Building area

7,200 Square Feet

More

Possession

TBD

Cross street

Principale St & Adam St

Business type

Apts - 6 To 12 Units