INVESTOR ALERT - 5.5% CAP RATE IN LITTLE ITALY.Exceptional opportunity to acquire a 6-unit multi-residential asset in one of Ottawa's most supply-constrained and high-demand rental markets. This property offers a strong and versatile unit mix of three 2-bedroom units, two 3-bedroom units, and one 1-bedroom unit, delivering immediate income with long-term upside. Current cap rate of approximately 5.5% provides a compelling return in a premium urban location. Two units feature large private decks, a rare value-add in central Ottawa that supports tenant retention and potential rental premiums. A rear parking lot further enhances tenant demand and income stability. Numerous updates and renovations have already been completed, reducing near-term capital expenditures, while remaining cosmetic improvements present a clear opportunity to further increase rents and overall asset value. Each unit offers functional layouts with generous living spaces, appealing to a broad tenant base including professionals, families, and students. The location drives consistent occupancy, situated steps from Preston Street's vibrant restaurant and retail corridor, and minutes to Dow's Lake, the Arboretum, Carleton University, the O-Train, and major downtown employment hubs. This is a rare chance to secure a 6-plex in Little Italy at a 5.5% cap rate-a combination of yield, location, and upside that is increasingly difficult to find. Ideal for investors seeking strong cash flow, future rent growth, and long-term appreciation. Act quickly. Some images have been virtually staged to protect tenant privacy.
For sale
C$1,649,999
202 Rochester St, Ottawa, ON K1R 7M6
13beds
6baths
Multi Family
Built in ----
-- sqft lot
$-- Zestimate®
C$--/sqft
C$-- HOA
What's special
Large private decksRear parking lot
- 152 days |
- 85 |
- 0 |
Zillow last checked: 8 hours ago
Listing updated: January 29, 2026 at 07:48am
Listed by:
ROYAL LEPAGE INTEGRITY REALTY
Source: TRREB,MLS®#: X12372575
Originating MLS®#: Ottawa Real Estate Board
Originating MLS®#: Ottawa Real Estate BoardFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 13
- Bathrooms: 6
Bedroom
- Level: Ground
- Dimensions: 3.8 x 3.5
Bedroom
- Level: Second
- Dimensions: 3.2 x 3.1
Bedroom
- Level: Ground
- Dimensions: 3.9 x 2.5
Bedroom
- Level: Second
- Dimensions: 3.7 x 3.3
Bedroom
- Level: Ground
- Dimensions: 3.4 x 3
Bedroom
- Level: Ground
- Dimensions: 3.2 x 3.2
Bedroom 2
- Level: Ground
- Dimensions: 4.1 x 2.8
Bedroom 2
- Level: Second
- Dimensions: 3.6 x 3.4
Bedroom 2
- Level: Ground
- Dimensions: 3.6 x 3.3
Bedroom 2
- Level: Second
- Dimensions: 5.4 x 3.6
Bedroom 2
- Level: Ground
- Dimensions: 5.2 x 3.2
Bedroom 3
- Level: Second
- Dimensions: 3.6 x 2.7
Bedroom 3
- Level: Second
- Dimensions: 4.5 x 3.3
Bathroom
- Level: Ground
- Dimensions: 3.9 x 1.7
Bathroom
- Level: Ground
- Dimensions: 3 x 1.4
Bathroom
- Level: Ground
- Dimensions: 3.3 x 2.8
Bathroom
- Level: Second
- Dimensions: 1.9 x 1.4
Bathroom
- Level: Second
- Dimensions: 3.3 x 2.2
Bathroom
- Level: Ground
- Dimensions: 3.2 x 1.8
Foyer
- Level: Second
- Dimensions: 3.3 x 2.1
Kitchen
- Level: Second
- Dimensions: 4.2 x 3.1
Kitchen
- Level: Ground
- Dimensions: 3.7 x 2
Kitchen
- Level: Second
- Dimensions: 4.1 x 2.5
Kitchen
- Level: Ground
- Dimensions: 3.9 x 2.8
Kitchen
- Level: Ground
- Dimensions: 3.85 x 3.32
Kitchen
- Level: Ground
- Dimensions: 4.2 x 3.4
Laundry
- Level: Second
- Dimensions: 1.9 x 1.4
Living room
- Level: Second
- Dimensions: 5.5 x 5.3
Living room
- Level: Ground
- Dimensions: 4.8 x 3
Living room
- Level: Ground
- Dimensions: 6.4 x 4.4
Living room
- Level: Ground
- Dimensions: 5.3 x 2.8
Living room
- Level: Second
- Dimensions: 4.4 x 3.1
Living room
- Level: Ground
- Dimensions: 4.1 x 4.9
Heating
- Other, Other Source
Cooling
- None
Features
- None
- Basement: Unfinished
- Has fireplace: No
Interior area
- Living area range: 5000 + null
Property
Parking
- Total spaces: 6
- Parking features: Private
Features
- Stories: 2
- Pool features: None
Lot
- Size: 5,350 Square Feet
Details
- Parcel number: 041080050
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Stucco (Plaster)
- Foundation: Block
- Roof: Asphalt Rolled
Utilities & green energy
- Sewer: Sewer
Community & HOA
Location
- Region: Ottawa
Financial & listing details
- Annual tax amount: C$13,810
- Date on market: 9/1/2025
ROYAL LEPAGE INTEGRITY REALTY
By pressing Contact Agent, you agree that the real estate professional identified above may call/text you about your search, which may involve use of automated means and pre-recorded/artificial voices. You don't need to consent as a condition of buying any property, goods, or services. Message/data rates may apply. You also agree to our Terms of Use. Zillow does not endorse any real estate professionals. We may share information about your recent and future site activity with your agent to help them understand what you're looking for in a home.
Price history
Price history
Price history is unavailable.
Public tax history
Public tax history
Tax history is unavailable.Climate risks
Neighborhood: West Centertown
Nearby schools
GreatSchools rating
No schools nearby
We couldn't find any schools near this home.
- Loading
