$3,149,000
Available - For Sale
Listing ID: X13444086
77 Granton Avenue , Meadowlands - Crestview and Area, K2G 1L2, Ottawa
| Purpose-built 6-unit apartment building completed in July 2025 and offering a rare opportunity to acquire a true Class A multifamily asset in a prime Ottawa location. The building consists of six large apartments, all featuring 3 bedrooms and 2 full bathrooms-a highly desirable unit mix that consistently attracts quality long-term tenants. Suite sizes range from approximately 1,083 SF to 1,161 SF, significantly larger than many competing rental properties. Current gross income is $198,600 annually with tenants responsible for their own hydro and the majority of utility costs. Four on-site parking spaces are included. Positioned on a favourable corner lot with excellent natural light and no direct side neighbours, the property offers strong curb appeal and tenant appeal. Modern construction, contemporary finishes, efficient mechanical systems, and low-maintenance building components provide investors with minimal anticipated capital expenditures for years to come. Compared to many recently sold apartment buildings in Ottawa, 77 Granton benefits from substantially newer construction, larger suite sizes, an all 3-bedroom unit mix, and virtually no deferred maintenance. Investors can avoid the uncertainty and capital costs commonly associated with older multifamily assets while benefiting from strong rental demand in a mature and established neighbourhood. An additional advantage is favourable assumable CMHC financing, creating a potentially significant benefit for qualified purchasers. A turnkey, institutional-quality investment offering strong income, exceptional building quality, and long-term ownership stability. |
| Price | $3,149,000 |
| Taxes: | $15508.00 |
| Tax Type: | Annual |
| Occupancy: | Owner |
| Address: | 77 Granton Avenue , Meadowlands - Crestview and Area, K2G 1L2, Ottawa |
| Postal Code: | K2G 1L2 |
| Province/State: | Ottawa |
| Directions/Cross Streets: | HW 417 south off Woodroffe, left into Baseline, right into Bassano, property on right-hand |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 0 | |
| Washroom Type 2 | 0 | |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 |
| Category: | Apartment |
| Building Percentage: | T |
| Total Area: | 6750.00 |
| Total Area Code: | Square Feet |
| Area Influences: | Public Transit |
| Approximatly Age: | 0-5 |
| Financial Statement: | F |
| Chattels: | F |
| Franchise: | F |
| Management Expense: | 0 |
| Water Expense: | $6000 |
| Net Income Before Debt: | $175242 |
| Expenses Actual/Estimated: | $Act |
| Washrooms: | 12 |
| Heat Type: | Gas Forced Air Open |
| Central Air Conditioning: | Yes |
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| RE/MAX DELTA REALTY TEAM |
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Gaurang Shah
Licenced Realtor
Dir:
416-841-0587
Bus:
905-458-1123
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At a Glance:
| Type: | Com - Investment |
| Area: | Ottawa |
| Municipality: | Meadowlands - Crestview and Area |
| Neighbourhood: | 7301 - Meadowlands/St. Claire Gardens |
| Approximate Age: | 0-5 |
| Tax: | $15,508 |
| Baths: | 12 |
| Fireplace: | N |
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