118 Rochester Street,West Centre Town, ON K1R 7M1
West Centre Town, ON K1R 7M1
Description
Recently fully Renovated property 118 Rochester Street presents an excellent opportunity to acquire a well-maintained purpose-built sixplex in the heart of Ottawa's sought-after West Centretown/Chinatown neighbourhood. Ideally located within walking distance to Little Italy, Bayview Station, transit, restaurants, shops, and numerous amenities, this property offers both stable in-place income and significant long-term upside potential.The building consists of six spacious two-bedroom units with functional layouts, many featuring hardwood flooring, large windows, and excellent natural light throughout. Each unit benefits from private outdoor space, including front balconies and rear decks. Separately metered hydro allows tenants to pay their own electricity, helping reduce operating expenses. The property also features a large shared laundry area and individual tenant storage lockers in the basement.Mechanically, the building has been well maintained with a gas-fired radiant heating system serviced by a newer boiler (2015). Recently Renovated - Major updates to roof, windows, plumbing, and electrical improvements completed. Fire retrofit documentation is on file. A new rear staircase/fire escape has recently been constructed, with minor remaining work associated with completion of a firewall as required through a granted minor variance.The property offers considerable rental upside through future turnover and operational optimization, presenting investors with a strong opportunity to increase NOI and overall asset value over time. Historically low vacancy in this highly desirable rental pocket further supports the long-term stability of the investment. A previous buyer completed a Phase I Environmental Site Assessment (ESA). Fully Renovated. Additional information available upon request. Buyer to Confirm All Details and Measurements.
Details
| MLS # | X13124998 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | New |
| Year | 0 |
| Days On Site | 118 |
| Listing Provided By | EXP REALTY | X13124998 488706 |
Features
| SQ Feet | 7,000 |
|---|---|
| Acreage | 0.16 |
Interior
| Cooling | No |
|---|
Utilities
| Utilities | Available |
|---|
Taxes
| Tax Annual Amount | 11756 |
|---|---|
| Tax Type | Annual |
| Tax Year | 2025 |
Area Information
| Province | ON |
|---|---|
| County | Ottawa |
| City | West Centre Town |
| Postal Code | K1R 7M1 |
| Area | 4204 West Centre Town |
| Listing VS Median (in K1R 7M1) | |
Price: $1,899,999 low | high Med: $1,899,999 sqft: 7,000 low | high Med: 7,000 $ / sqft: $271 low | high Med: $271 On site: 118 low | high Med: 118 | |
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Learn More About This Property
| Province | ON |
|---|---|
| County | Ottawa |
| City | West Centre Town |
| Postal Code | K1R 7M1 |
| Area | 4204 West Centre Town |
| Listing VS Median (in K1R 7M1) | |
Price: $1,899,999 low | high Med: $1,899,999 sqft: 7,000 low | high Med: 7,000 $ / sqft: $271 low | high Med: $271 On site: 118 low | high Med: 118 | |
