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Investment signal

$2,699,000

75 GENEST STREET

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Beds

Baths

Sqft

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Year

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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

Fully renovated 6-unit building, approximately 90% rebuilt with major capital expenditures completed in 2025. Completely vacant and exceptional value-add opportunity for investors or owner-occupants looking to establish market rents from day one.Each unit features modern finishes including melamine countertops, engineered wood flooring, and Samsung appliances (stove, refrigerator, dishwasher, and over-the-range microwave/hood fan included). Units are equipped with individual hot water tanks, air exchangers, and heat pumps, with primary heating via electric baseboards.The building offers a central fire protection system including an FX-4000 intelligent fire detection and voice evacuation system. Telecommunications wiring (Bell and Videotron) has already been installed in each unit. Each apartment has its own 100-amp electrical panel.Additional features include new rear balconies, crank-style windows, commercial-grade carpeting in common stairways, and solid concrete separation walls between left and right units for enhanced soundproofing and fire resistance.Turnkey asset with strong income potential and minimal capital expenditure required. Ideally located near services, public transit, and amenities.A rare opportunity on the Ottawa market. (id:65958)

Subtype: Multi-family
Structure: Other
Community: 3402 - Vanier
Lot dimensions: 42 x 99 FT
Bedrooms: 12 above grade
Parking: 6 total
Stories: 3
On market: Feb 25, 2026
Status changed: Apr 24, 2026
Annual tax: $7,669 (2025)
Photos: 50
MLS#: X12819938
Area: OTTAWA

Features and systems

Parking

No Garage

Basement

Apartment in basementN/A

Appliances

RefrigeratorDishwasherStoveMicrowave

Heating

Baseboard heatersElectric

Cooling

Air exchangerWall unit

Exterior

Brick

Foundation

Block

Negative cash flow ~$2,806/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

-6.24%

Cap rate

3.62%

GRM

16.7

Break-even rent

$16,454

Financing

Down payment$539,800

Loan amount$2,159,200

Mortgage$10,940/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$1,237

Insurance$80

Maintenance$2,249

CapEx reserve$1,125

Vacancy loss$675

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 $10,940/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.