$1,800,000
Available - For Sale
Listing ID: X12896488
22-24 St Francis Street , West Centre Town, K1Y 1W5, Ottawa
| Turnkey income property in one of Ottawa's most sought-after neighbourhoods. This fully tenanted six unit building comprises two semi-detached buildings offering nine bedrooms across six units - three spacious two-bedroom units at No. 22 and three one-bedroom units (one with den) at No. 24 - generating strong income with excellent upside at renewal. Over $250,000 in capital improvements since 2010 including a modern gas boiler, all-new electrical panels, vinyl siding and windows, a comprehensive drainage system, new retaining wall, and professionally renovated kitchens and bathrooms with hardwood and ceramic flooring throughout. Unit 3-22 features a rooftop terrace with composite decking, and Building 24 has a newly constructed rear staircase with exclusive use decks - both exceptional lifestyle additions rarely found in multi-residential. The 6,225 sq ft lot (50 ft 124.5 ft) sits in the new N4B zone under Ottawa's 2026 Zoning By-law, presenting significant redevelopment or intensification potential while current income covers carrying costs. Eight dedicated parking spaces included. Steps to the Hintonburg shops along Wellington Street, the O-Train Bayview and Tunney's Pasture stations, the Ottawa River pathway, and a quick commute to the Civic Hospital and downtown. Low operating expenses and a proven rental market driven by young professionals, federal employees, and health care employees make this a compelling hold or build opportunity. Email today for the complete details. |
| Price | $1,800,000 |
| Taxes: | $14893.90 |
| Tax Type: | Annual |
| Occupancy: | Tenant |
| Address: | 22-24 St Francis Street , West Centre Town, K1Y 1W5, Ottawa |
| Postal Code: | K1Y 1W5 |
| Province/State: | Ottawa |
| Legal Description: | LT 5, PL 195 ; OTTAWA/NEPEAN |
| Directions/Cross Streets: | GLADSTONE & ST FRANCIS |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 0 | |
| Washroom Type 2 | 0 | |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 |
| Category: | Apartment |
| Use: | Apts - 6 To 12 Units |
| Building Percentage: | T |
| Total Area: | 5391.00 |
| Total Area Code: | Square Feet |
| Area Influences: | Major Highway Public Transit |
| Approximatly Age: | 100+ |
| Financial Statement: | T |
| Chattels: | T |
| Franchise: | F |
| Water Expense: | $1455 |
| Net Income Before Debt: | $87134 |
| Expenses Actual/Estimated: | $Act |
| Sprinklers: | No |
| Washrooms: | 0 |
| Outside Storage: | F |
| Heat Type: | Gas Hot Water |
| Central Air Conditioning: | No |
| Sewers: | Sanitary+Storm |
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| Although the information displayed is believed to be accurate, no warranties or representations are made of any kind. |
| ENGEL & VOLKERS OTTAWA |
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Paul Sanghera
Sales Representative
Dir:
416.877.3047
Bus:
905-333-3500
Fax:
905-333-3616
| Virtual Tour | Book Showing | Email a Friend |
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At a Glance:
| Type: | Com - Investment |
| Area: | Ottawa |
| Municipality: | West Centre Town |
| Neighbourhood: | 4203 - Hintonburg |
| Approximate Age: | 100+ |
| Tax: | $14,893.9 |
| Fireplace: | N |
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