LiveMLS X13148126Buy & hold

225 ST. PATRICK STREET · Multi-family

Ottawa, ON · Multi-family · 3 units

$2,925,000listed

Workable offer

Ottawa market brief →

RentCapPrice/door

Locked, not loading — the underwrite opens with a trial or an account.

Score

DSCR

Cash to close

All-in with reserves

Sign in for the underwriteA licensed broker reads it and replies by email, usually within a business day.View on Realtor.ca

What this listing is

225 ST. PATRICK STREET is a 3-unit multi-family in Ottawa, ON, asking $2,925,000 — $975,000 per door.

That sits above the Ottawa band of $275k - $475k per door. A price above the band has to be earned by rents, condition, or upside that the listing has not yet shown. Ottawa cap rates screen 4.3% - 5.6% against average rent near $2,250 a door.

At 3 units this finances as residential, not commercial — MLI Select starts at five units. The qualifying rate still applies: federally regulated lenders test a 1–4 unit rental at the greater of your contract rate plus two points or 5.25%.

Ottawa offers durable demand, stable employment, and selected intensification upside, but prices require disciplined underwriting. Investor demand reads high, vacancy tight to balanced.

Asking price: $2,925,000
Units: 3 units
Property type: Multi-family
Location: Ottawa, ON
Price per door: $975,000
Ottawa cap band: 4.3% - 5.6%
Ottawa average rent: $2,250

The underwrite — investment score, cap rate on the real rent roll, DSCR at the qualifying rate, cash to close, and the offer band this desk would actually bid — opens with a free account.