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16 360 Friel Street S in Lower Town – Sandy Hill: 4003 – Sandy Hill Commercial for sale : MLS®# X12789414

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16 360 Friel Street S
4003 - Sandy Hill Lower Town - Sandy Hill K1N 7W6

$5,995,000 /For Sale
Commercial

Main Photo: 16 360 Friel Street S in Lower Town - Sandy Hill: 4003 - Sandy Hill Commercial for sale : MLS®# X12789414
Status:
Active
Prop. Type:
Commercial
MLS® Num:
X12789414
Bus Major:
Apts - 13 To 20 Units
Welcome to 360 Friel StreetAn exceptional turnkey investment opportunity featuring 16 residential units with separate hydro meters, comprised of:9 fully renovated and refurbished units7 newly constructed additional units (construction recently completed)Unit Breakdown:1 Three-Bedroom Unit3 Two-Bedroom Units2 One-Bedroom Units10 Studio UnitsAll units are fully furnished and separately metered, offering operational efficiency, reduced utility risk, and strong tenant appeal. The seller is willing to lease all units, providing investors with a stabilized, income-producing asset from day one.Income OverviewProjected Residential Rental Income: $402,420.00Parking Income: $1,800.00Laundry Income: $3,780.00Total Projected Gross Income:$408,000.00 AnnuallyProjected 2026 Operating ExpensesVacancy (2%) - $8,084.00Property Taxes (5.42%) - $21,484.00Utilities (5.82%) - $23,064.00 (Heat, Water, Hydro)Repairs & Maintenance (4%) - $15,845.00Property Management (3.96%) - $15,687.00Property Insurance (6.85%) - $27,125.00Advertising (0.5%) - $1,981.00Total Projected Operating Expenses:$113,270.00Financial SummaryGross Income: $408,000.00Less Operating Expenses: $113,270.00Estimated Net Operating Income (NOI):$294,730.00 Annually This newly completed, fully furnished multi-unit property presents a rare opportunity to acquire a modern, income-generating asset with strong projected returns and long-term growth potential.
Percent of Building:
100
Property Type:
Commercial
Property Sub Type:
Investment
Freestanding:
Yes
Approx. Age:
51-99
Total Area:
5871 sq. ft. Square Feet
Total Area:
5,871 sq. ft.
Lot Depth:
99'
Lot Frontage:
54'
Bathrooms:
16.0
Water supply:
Municipal
Zoning:
R4T[480],
Heating type:
Baseboard
Garage:
None
Possession Details:
Buyer to assume all tenants
HST Applicable To Sale Price:
Not Subject to HST
Assessment Year:
2025
Type Taxes:
Annual
Taxes:
$21,484 / 2025
Assessment:
$- / 2025
Ottawa
Lower Town - Sandy Hill
4003 - Sandy Hill
No
Hot water Tanks
All units are fully furnished. All furniture as seen upon viewing shall remain with the property, with the exception of tenants' personal belongings.The property includes:* 16 refrigerators* 16 stoves* Dishwashers* 1 Coin-A-Matic washer and 1 Coin-A-Matic dryer
Utilities:
Available
Air Conditioning:
Yes
Seller Property Info Statement:
No
Physically Handicapped-Equipped:
No
Net Income Before Debt:
$294,730
Condo Fee:
$0
Expenses Actual/Estimated:
Estimated
Insurance Expenses:
$27,125
Management Expenses:
$15,687
Operating Expenses:
$105,186
Year Expenses:
2026
Maintenace Expenses:
$15,845
Vacancy Allowance:
8084
Property Management Company:
Fahel And Company
Major Business Type:
Apts - 13 To 20 Units
Category:
Apartment
Date Listed:
Feb 14, 2026
Original Price:
Previous Price:
  • Photo 1: 16 360 Friel Street S in Lower Town - Sandy Hill: 4003 - Sandy Hill Commercial for sale : MLS®# X12789414
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Listed by COLDWELL BANKER SARAZEN REALTY
Data was last updated February 16, 2026 at 07:15 PM (UTC)
DARYL KING
This website may only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate of the type being offered via the website. The data relating to real estate on this website comes in part from the MLS® Reciprocity program of the PropTx MLS®. The data is deemed reliable but is not guaranteed to be accurate.
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