Homula Realty Brokerage
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360 Friel Street, Lower Town - Sandy Hill, ON K1N 7W6

21 beds · 16 baths · 16 kitchens · 3 rooms · 2 parking spaces · < 700 sq ft · Multiplex
$5,195,000
Property tax
$19,816 / year

Exceptional opportunity to acquire a recently expanded and substantially renovated 16-unit apartment building in the heart of Sandy Hill, just steps from the University of Ottawa. Offering a mix of fully furnished suites designed to appeal to students and young professionals, the property benefits from strong rental demand in one of Ottawa's most sought-after investment locations. Significant capital improvements, including a permitted 7-unit addition, have transformed the property into a modern multi-residential asset. All 16 units are currently rented, providing an established income base with future rental growth potential. Ideally situated within walking distance of the University of Ottawa, Rideau Centre, ByWard Market, LRT stations, Parliament Hill and downtown employment centres. Two tandem parking spaces plus shared, owner-owned laundry facilities. A compelling opportunity for investors seeking scale, location and long-term growth in Ottawa's dynamic rental market. Updated rent roll, leases, investment package and due diligence materials available to qualified purchasers.

MLS number
X13441376
Type
Multiplex
Status
Active
Bedrooms
21
Bathrooms
16
Postal code
K1N 7W6
Photos
14
Laundry
Not in the unit
92days · this listing
Total days on market across every earlier listing of this propertyRegistration and sign-in required

This listing’s own days on market are shown above. How long the property has been for sale across every earlier listing is drawn from records the board releases only to registered users — a free account opens it, along with the sale history below.

Listing history

No previous listings found for this address.

Where this property is

Where this address sits, matched against open government data.

Matched to a published address point for this address.

Schools

The school boundaries this address is inside, and the schools nearest it. Boards redraw boundaries and cap programs — confirm with the board before this affects a decision.

Other schools nearby

By distance from this address, not school boundary — a school 400 m away can be in another school’s attendance area.

SchoolLevelDistanceRating
École élémentaire publique Francojeunesse
CÉP de l'Est de l'Ontario
Elementary102 m8.2 / 10
82% met the standard
York Street Public School
Ottawa-Carleton DSB
Elementary577 m4.2 / 10
42% met the standard
École élémentaire catholique Sainte-Anne
CSDC du Centre-Est de l'Ontario
Elementary607 m7.9 / 10
79% met the standard
Faculty of Engineering Secondary SchoolSecondary841 mNot reported
École élémentaire publique De la Salle
CÉP de l'Est de l'Ontario
Elementary888 mNot reported
Viscount Alexander Public School
Ottawa-Carleton DSB
Elementary882 m6.3 / 10
63% met the standard
How the rating is calculated

EQAO — Ontario’s testing agency — publishes, for each school, the percentage of students meeting the provincial standard in Grade 3 and Grade 6 reading, writing and mathematics. The rating is the average of those percentages divided by ten. A school where 72% of students met the standard rates 7.2 out of 10.

Nothing is weighted or adjusted, and schools are not ranked against each other. Where EQAO withholds a result to protect the privacy of a small group of students, that measure is left out rather than counted as zero — so a rating built on fewer than six measures says so.

What it does not measure. It is one year of standardised testing in three subjects. It says nothing about teaching, programs, or whether a school suits a particular child, and it tracks neighbourhood household income closely enough that it partly measures the neighbourhood rather than the school. Treat it as one figure among many.

Source: Ontario Ministry of Education, School Information and Student Demographics (2024–25), Open Government Licence – Ontario.

H-Value

our estimate of this home is for registered usersWhat comparable homes nearby actually sold for, worked into an estimate for this one — with the range it sits in and how far the method has been off in testing.Create a free accountAlready have one? Sign in.

What an H-Value is and how it is calculated — the method and our measured error, no account needed.

This neighbourhood

Statistics Canada 2021 Census, for the surrounding few blocks — about 655 people.

$45,200Median household income
13.3%Own their home
3.7%Detached houses
27.2Median age
16.9%Born outside Canada
52.8%University degree

The neighbourhood, by the census

Statistics Canada 2021 Census for dissemination area 35061784 — the few blocks around this address, home to 655 people. It describes the area, not this property.

655Population
32.8Average age
1.6Household size
$60,000Average household income
$45,200Median household income
13%Own their home
87%Rent
11%Condominiums
17%Born outside Canada
53%University degree
$620,000Average home value
28%Low income
27%Not in the labour force
66%Never married
Under $5,0003%
$5,000 to $9,9994%
$10,000 to $14,9991%
$15,000 to $19,9994%
$20,000 to $24,9996%
$25,000 to $29,9995%
$30,000 to $34,9994%
$35,000 to $39,9995%
$40,000 to $44,9996%
$45,000 to $49,9994%
$50,000 to $59,9995%
$60,000 to $69,9995%
$70,000 to $79,9997%
$80,000 to $89,9993%
$90,000 to $99,9992%
$100,000 and over17%
$100,000 to $124,9995%
$125,000 to $149,9993%
$150,000 to $199,9994%
$200,000 and over4%

Percentages are of the 480 responses in this category. Statistics Canada rounds counts and withholds small ones to keep individuals unidentifiable, so categories with too few people to publish are absent rather than shown as zero.

Source: Statistics Canada, 2021 Census of Population. Contains information licensed under the Open Government Licence – Canada.

Work out the numbers

Everything below is calculated in your browser from figures you can change. Nothing is sent anywhere.

$1,039,000 · minimum here is $1,039,000
$23,002.34per month
Borrowed before insurance$4,156,000
Total borrowed$4,156,000
Interest over 25 years at 4.5%$2,744,701

If you rented it out

-$24,653.67per month out of pocket
Rent$0.00
Everything it costs to hold$24,653.67
How this is calculated, and what it leaves out

Canadian fixed-rate mortgages compound semi-annually, not monthly, so the monthly rate here is (1 + rate/2)1/6 − 1. Most calculators use rate ÷ 12, which is the American convention and overstates the payment by tens of dollars a month.

Below 20% down, default insurance is mandatory and is added to the loan rather than paid at closing: 2.80% at 85% loan-to-value, 3.10% at 90%, 4.00% at 95%. It is unavailable at or above $1.5M, which is why 20% is a hard floor there.

Not included: vacancy, property management, capital repairs, income tax, and the fact that a lender qualifies you at a stress-test rate rather than the one you are quoted. This is arithmetic on the numbers above, not a mortgage approval or an opinion of what you can afford.

Listed by TRU REALTY. Listing data provided by the Toronto Regional Real Estate Board.