152 GOULBURN AVENUE · Multi-family

152 GOULBURN AVENUE is a 5-unit multi-family in Ottawa, ON, asking $1,998,000 — $399,600 per door.

That lands inside the Ottawa band of $275k - $475k per door, so the ask is not the thing that decides this deal — the rent roll is. Ottawa cap rates screen 4.3% - 5.6% and average rent runs about $2,250 a door.

At 5 units this is a commercial file: five or more units can be underwritten for CMHC MLI Select, where energy, affordability, and accessibility points decide the tier and the leverage. Below that tier the insured stack you modeled may not exist.

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