This feature is unavailable at the moment.

We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.

Please check back in a few minutes. We apologize for the inconvenience.

- LoopNet Team

You must register your contact information to view secure information on this listing.
You must register your contact information to view secure information on this listing.

Share This Listing

Please enter a valid email address.

Note: To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

LoopNet has taken a strong stance against the practice of sending unsolicited commercial emails, also known as "spam." Please send these emails only to people you know who would be interested in this property. If someone asks you not to send these emails to them, please comply.

thank you

Your email has been sent!

1216 Shillington Ave

30 Unit Apartment Building $4,867,828 USD ($162,261 USD/Unit) Ottawa, ON K1Z 7Z4

Executive Summary

Located in a strategic area, 1216 Shillington Avenue presents a compelling investment opportunity in the multifamily real estate market. This property sits on 0.46 acres of land and includes a diverse mix of 30 residential units comprising one bachelor, 28 one-bedroom units, and one two-bedroom unit. With a large parking lot at the back, it combines convenience with potential. Projected to generate a Net Operating Income (NOI) of $339,877 in year 1, 1216 Shillington Avenue stands out as a value-add investment. Currently, 13 units are vacant, presenting an immediate opportunity for an investor to implement a renovation and leasing program. This initiative not only promises to enhance the property’s value but also to significantly increase rental income, with an average upside potential of 72%. A distinct financial advantage of this property is the separate metering of hydro for all units, which facilitates a shift of utility costs to tenants and helps in maintaining more predictable operating expenses. For investors seeking a real estate venture with high growth and value-enhancement possibilities, 1216 Shillington Avenue offers a unique opportunity. The property’s location makes it an attractive option for those looking to capitalize on a robust rental market and maximize their investment returns.

Property Facts

Price $4,867,828 USD
Price Per Unit $162,261 USD
Sale Type Investment
No. Units 30
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low Rise
Building Class C
Lot Size 0.46 AC
Building Size 25,000 SF
Average Occupancy 57%
No. Stories 3
Year Built 1960
Walk Score ®
Very Walkable (78)
Bike Score ®
Biker's Paradise (95)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

zoning

Zoning Code R4UC S192 (Residential)
R4UC S192 (Residential)
  • Listing ID: 34134062

  • Date on Market: 12/9/2024

  • Last Updated:

  • Address: 1216 Shillington Ave, Ottawa, ON K1Z 7Z4

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, 'rating') }}
255 character limit ({{ remainingChars() }} characters remainingover)
{{ getErrorText(feedbackForm.msg, 'rating') }}
{{ getErrorText(feedbackForm.fname, 'first name') }}
{{ getErrorText(feedbackForm.lname, 'last name') }}
{{ getErrorText(feedbackForm.phone, 'phone number') }}
{{ getErrorText(feedbackForm.phonex, 'phone extension') }}
{{ getErrorText(feedbackForm.email, 'email address') }}