360 Friel Street
Lower Town - Sandy Hill, ON
- 16 bath
- 8,635 sqft
- Investment
- 209 days on market
Welcome to 360 Friel Street an exceptional turnkey investment opportunity featuring 16 residential units with separate hydro meters, comprised of 9 fully renovated and refurbished units, 7 newly constructed additional units (recently completed). Unit Breakdown: 1 Three-Bedroom Unit, 3 Two-Bedroom Units, 2 One-Bedroom Units, 10 Studio Units. All units are fully furnished and separately metered, offering operational efficiency, reduced utility risk, and strong tenant appeal. The seller is willing to lease all units, providing investors with a stabilized, income-producing asset from day one. Income Overview Projected Residential Rental Income: $402,420.00, Parking Income: $1,800.00, Laundry Income: $3,780.00, Total Projected Gross Income:$408,000.00, Annually Projected 2026 Operating Expenses Vacancy (2%) - $8,084.00, Property Taxes (5.42%) - $21,484.00, Utilities (5.82%) - $23,064.00 (Heat, Water, Hydro) Repairs & Maintenance (4%) - $15,845.00, Property Management (3.96%) - $15,687.00, Property Insurance (6.85%) - $27,125.00Advertising (0.5%) - $1,981.00, Total Projected Operating Expenses: $113,270.00. Financial Summary - Gross Income: $408,000.00, Less Operating Expenses: $113,270.00, Estimated Net Operating Income (NOI): $294,690.00 annually. This newly completed, fully furnished multi-unit property presents a rare opportunity to acquire a modern, income-generating asset with strong projected returns and long-term growth potential.
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Listing Details
- Taxes (2025)
- $21,484
- Originally Listed
- $5,995,000
- Listed
- February 14, 2026
Price History
Listing history
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Property
- Age
- 51-99
- Lot Size
- 54 x 99 Feet
Parking
- Garage
- None
Location & Legal
- Cross Street
- Laurier St to Friel Street
- Zoning
- R4T[480],
- Parcel Number
- 042110252
- Possession
- 30-59 days
- Occupancy
- Tenant
Commercial
- Business Type
- Apts - 13 To 20 Units
Included
- Inclusions
- All units are fully furnished. All furniture as seen upon viewing shall remain with the property, with the exception of tenants' personal belongings.The property includes:* 16 refrigerators* 16 stoves* Dishwashers* 1 Coin-A-Matic washer and 1 Coin-A-Matic dryer
- Rental Items
- Hot water Tanks
Community
Postal area K1N
- Population
- 26,639
- Private dwellings
- 17,122
- Median age
- 34
- Average household size
- 1.8
- Median household income
- $64,000
Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.
Local market
Commercial in Lower Town - Sandy Hill · last 12 months
- Median sold price
- $474,000
- Homes sold
- 220
- Median days on market
- 34
- Sale-to-list price
- 96.7%
Based on 220 recorded sales of commercial properties in Lower Town - Sandy Hill over the last 12 months.
Listed by
COLDWELL BANKER SARAZEN REALTY
Walk Score
Walk Score is unavailable for this address right now.
Location
Street View
Commercial figures
- Building area
- 8,635 sq ft
- Price per sq ft
- $602.19
- Annual property tax
- $21,484
- Tax per sq ft
- $2.49
Derived from the listing's own figures. Taxes are as reported by the listing brokerage and may be a prior year.
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