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Investment signal

$1,349,900

287 ST LAURENT BOULEVARD

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Beds

Baths

Sqft

—

Year

—

Type

Multi-family

Suite

Suite potential

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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

Exceptional investment opportunity in desirable Manor Park! This turn-key five-unit apartment building offers an ideal unit mix, including one 3-bedroom unit, one 2-bedroom unit, two 1-bedroom units, and one bachelor unit. The units have been renovated with modern, quality finishes, updated appliances, in-unit laundry, and ample parking. This well-maintained property is perfectly suited for investors seeking stable cash flow with a gross annual income of approx. $100,483. Fully leased with strong rental demand in the area. Conveniently located close to St. Laurent Shopping Centre, Montfort Hospital, public transit, schools, parks, the Ottawa River, and amenities. Don't miss this excellent opportunity to purchase a stable, income-generating property in a sought-after location. (id:65958)

Subtype: Multi-family
Structure: Other
Community: 3102 - Manor Park
Lot dimensions: 50 x 113.1 FT
Bedrooms: 5 above grade, 2 below grade
Parking: 7 total
Stories: 2
On market: Apr 24, 2026
Status changed: Apr 24, 2026
Annual tax: $8,572.25
Photos: 42
MLS#: X13042558
Area: OTTAWA

Features and systems

Parking

No Garage

Basement

FinishedFullApartment in basementSeparate entranceN/AN/AN/A

Appliances

All

Heating

Radiant heatNatural gas

Cooling

None

Exterior

Stucco

Foundation

Block

Lot

Carpet Free

Negative cash flow ~$1,445/mo at these assumptions

Monthly rent (CAD)Adjust to your local market estimateDown payment (%)Investment props typically 20-25%Mortgage rate (% annual)Default 4.5% — adjust to your rate holdAmortization (years)

Cash on cash

-6.42%

Cap rate

3.58%

GRM

16.7

Break-even rent

$8,271

Financing

Down payment$269,980

Loan amount$1,079,920

Mortgage$5,472/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$619

Insurance$80

Maintenance$1,125

CapEx reserve$562

Vacancy loss$338

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 $5,472/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.