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Investment signal

$3,337,000

246 WESTHAVEN CRESCENT

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Beds

12

Baths

12 full + 3 half

Sqft

Year

Type

Multi-family

Suite

Investment signal

Location nearby

Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Ottawa. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.

About this home

Turnkey, fully leased six unit in the heart of Westboro an exceptional, one of a kind investment opportunity in one of Ottawa's most desirable neighbourhoods. This property offers a maintenance-free exterior and showcases pride of ownership with high-quality materials and craftsmanship throughout. Thoughtfully designed with 9-foot ceilings, open riser staircases with sleek glass railings, and modern, open-concept layouts. Gourmet kitchens feature quartz countertops, stainless steel appliances, and ample cabinetry, while interiors are finished with wide plank hardwood and tile flooring. All units include air conditioning, in-unit laundry, private entrances, and spacious balconies equipped with natural gas BBQ hookups, providing a premium living experience for tenants. Ideally located within walking distance to shops, schools, transit, and some of Ottawa's top restaurants, this property consistently attracts high-quality tenants. Currently fully occupied with strong tenant profiles, including several longer-term leases already in place. A rare opportunity to acquire a low-maintenance, income-generating asset in a prime location with lasting rental appeal. (id:65958)

Subtype
Multi-family
Structure
Other
Community
5003 - Westboro/Hampton Park
Lot dimensions
29.8 x 198 FT
Bedrooms
12 above grade
Parking
3 total
Stories
3
Fireplace
3
On market
Apr 2, 2026
Status changed
Apr 24, 2026
Annual tax
$26,812 (2025)
Photos
36
MLS#
X12948344
Area
OTTAWA

Features and systems

Parking

No Garage

Basement

None

Appliances

WasherRefrigeratorCentral VacuumDishwasherStoveDryerHood FanBlinds

Heating

Forced airNatural gas

Cooling

Central air conditioning

Exterior

WoodStucco

Foundation

Poured Concrete
Negative cash flow ~$3,466/mo at these assumptions

Cash on cash

-6.23%

Cap rate

3.62%

GRM

16.7

Break-even rent

$20,323

Financing

Down payment$667,400
Loan amount$2,669,600
Mortgage$13,526/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$1,529
Insurance$80
Maintenance$2,781
CapEx reserve$1,390
Vacancy loss$834

Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.

Mortgage estimate

Estimated $13,526/mo at 4.5% with 20% down, 30-yr amortization.Estimate only — actual payment varies by qualification + insurance.

Listing brokerage

Listing brokerage on file

Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 24, 2026.

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