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Investment signal

$1,624,900

329 RICHELIEU AVENUE

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Beds

—

Baths

—

Sqft

3,620

Year

—

Type

Multi-family

Suite

Investment signal

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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

Discover this well-maintained 7-unit multifamily building just minutes from the heart of Ottawa, offering steady cash flow and upside potential. This turnkey investment combines solid tenants, attractive unit mix, and a desirable neighborhood with high demand for rental housing. The prime location is walkable to transit, schools, parks, shopping, dining, and cultural amenities, and is within close proximity to the University of Ottawa. Unit mix is comprised of four 2-bedrooms, two 1-bedrooms and one bachelor. All units are in excellent condition, with two of the units completely renovated in spring 2024, and two others upgraded in the past few years. Onsite laundry is available for tenant convenience and an additional source of income. The property also features an outdoor patio are for tenant enjoyment. Major upgrades include a high-efficiency gas hot water boiler furnace (2018) and main sewer line replacement (2021) from the basement to the city connection. (id:65958)

Subtype: Multi-family
Structure: Multi-Family
Community: 3404 - Vanier
Living area: 3,620 square feet
Lot size: 3,620 acres
Lot dimensions: 3620
On market: Apr 1, 2026
Status changed: Apr 24, 2026
Annual tax: $12,813 (2025)
Zoning: R4B
Photos: 10
MLS#: X12947774
Area: OTTAWA

Features and systems

Appliances

All

Heating

Hot water radiator heatNatural gas

Cooling

None

Negative cash flow ~$1,724/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

-6.36%

Cap rate

3.59%

GRM

16.7

Break-even rent

$9,939

Financing

Down payment$324,980

Loan amount$1,299,920

Mortgage$6,587/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$745

Insurance$80

Maintenance$1,354

CapEx reserve$677

Vacancy loss$406

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 $6,587/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.