Morin Triplex | 732 Morin St
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Morin Triplex 732 Morin St
3 Unit Apartment Building $821,720 USD ($273,907 USD/Unit) 4.09% Cap Rate Ottawa, ON K1K 3G9
INVESTMENT HIGHLIGHTS
- Fantastic investment opportunity in a sought-after neighborhood
- Three separate living units, each with own entrance
- Perfect for investors or first time buyers looking for rental income
- Minutes from schools, transit, parks, and more!
EXECUTIVE SUMMARY
This renovated legal triplex is a fantastic investment opportunity in a sought-after neighborhood. Perfect for both seasoned investors and first-time buyers looking to generate rental income, this property offers three separate living units, each with its own private entrance. Unit 1: 3 bedroom, 1 full bathroom with deck and access to backyard ($2,101.25/month). Unit 2: 3 bedroom, 1 full bathroom with balcony ($2,203.75/month). Unit 3: 1 bedroom, 1 full bathroom ($1,300 fix until July 2025). All units have laundry and 2 entrances. City of Ottawa successful building inspection (Oct 2024). This triplex is an exceptional opportunity for both immediate cash flow and long-term equity growth. Situated in Castle Heights, just minutes from St-Laurent complex, schools, transit and much more!
FINANCIAL SUMMARY (ACTUAL - 2023) |
ANNUAL (USD) | ANNUAL PER SF (USD) |
|---|---|---|
| Gross Rental Income |
$45,334
|
$8.51
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$45,334
|
$8.51
|
| Taxes |
$3,539
|
$0.66
|
| Operating Expenses |
$11,862
|
$2.23
|
| Total Expenses |
$15,401
|
$2.89
|
| Net Operating Income |
$29,933
|
$5.62
|
FINANCIAL SUMMARY (ACTUAL - 2023)
| Gross Rental Income (USD) | |
|---|---|
| Annual | $45,334 |
| Annual Per SF | $8.51 |
| Other Income (USD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (USD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (USD) | |
|---|---|
| Annual | $45,334 |
| Annual Per SF | $8.51 |
| Taxes (USD) | |
|---|---|
| Annual | $3,539 |
| Annual Per SF | $0.66 |
| Operating Expenses (USD) | |
|---|---|
| Annual | $11,862 |
| Annual Per SF | $2.23 |
| Total Expenses (USD) | |
|---|---|
| Annual | $15,401 |
| Annual Per SF | $2.89 |
| Net Operating Income (USD) | |
|---|---|
| Annual | $29,933 |
| Annual Per SF | $5.62 |
PROPERTY FACTS
| Price | $821,720 USD | Apartment Style | Garden |
| Price Per Unit | $273,907 USD | Lot Size | 0.16 AC |
| Sale Type | Investment | Building Size | 5,328 SF |
| Cap Rate | 4.09% | Average Occupancy | 100% |
| No. Units | 3 | No. Stories | 3 |
| Property Type | Multifamily | Year Built/Renovated | 1962/2014 |
| Property Subtype | Apartment | Parking Ratio | 0.38/1,000 SF |
| Price | $821,720 USD |
| Price Per Unit | $273,907 USD |
| Sale Type | Investment |
| Cap Rate | 4.09% |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Lot Size | 0.16 AC |
| Building Size | 5,328 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built/Renovated | 1962/2014 |
| Parking Ratio | 0.38/1,000 SF |
UNIT AMENITIES
- Air Conditioning
- Balcony
- Deck
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 3+1 | 2 | $1,463 USD | 1,504 - 1,600 |
| Studios | 1 | $905.36 USD | 783 |
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Walk Score®
Very Walkable (84)
Bike Score®
Very Bikeable (79)
ZONING
| Zoning Code | R4N |
| R4N |
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Morin Triplex | 732 Morin St
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