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Investment signal

$2,499,000

391 DIEPPE STREET

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Beds

Baths

Sqft

—

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

Newly constructed 6-unit multiplex offering a rare opportunity to acquire a fully leased, turnkey income property in Ottawa.The building features a desirable unit mix of three 2-bedroom units and three 1-bedroom units, all currently rented, providing immediate and stable cash flow. Built with quality materials and contemporary finishes, this low-maintenance asset offers reduced capital expenditures and strong long-term rental appeal. Located in a growing and well-connected neighbourhood close to transit, parks, schools, and everyday amenities, ensuring consistent tenant demand. An exceptional addition to any investment portfolio - modern, stable, and built for long-term performance. (id:65958)

Subtype: Multi-family
Structure: Other
Community: 3404 - Vanier
Lot dimensions: 50 x 72.5 FT
Bedrooms: 9 above grade
Parking: 0 total
Stories: 3
On market: Feb 27, 2026
Status changed: Apr 24, 2026
Annual tax: $12,357 (2025)
Photos: 34
MLS#: X12827102
Area: OTTAWA

Features and systems

Parking

No Garage

Basement

None

Appliances

Water Heater - TanklessWater Heater

Heating

Heat PumpElectric

Cooling

Wall unit

Exterior

BrickHardboard

Foundation

Poured Concrete

Lot

Carpet Free

Negative cash flow ~$2,604/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

-6.25%

Cap rate

3.61%

GRM

16.7

Break-even rent

$15,241

Financing

Down payment$499,800

Loan amount$1,999,200

Mortgage$10,130/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$1,145

Insurance$80

Maintenance$2,083

CapEx reserve$1,041

Vacancy loss$625

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 $10,130/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.