159 Frank Street Ottawa, Ontario K2P 0X4
$2,600,000
Absolutely pristine investment property featuring 7 units, with top-dollar rents and an unbeatable location. Over $1.3 million in renovations were completed in 2011, including new electrical, heating systems, kitchens, bathrooms, windows, and flooring a true top-to-bottom transformation.Situated in the prestigious Golden Triangle, just two blocks from the Rideau Canal and Elgin Streets vibrant cafes, restaurants, shops, and transit. This immaculate building offers spacious units with soaring 10-foot ceilings, hardwood floors, and abundant natural light. Kitchens feature granite countertops, quality appliances, and ample storage. Self managed with excellent tenants and a strong rental history, this property is truly turnkey. Includes 7 outdoor parking spaces, offering added rental income potential. Residents enjoy nearby parks, tennis courts, bike paths, and easy access to the NAC and downtown core.With a net operating income (NOI) of over $128,700 and priced at $2,600,000, this is a rare opportunity to acquire a beautifully renovated, fully leased property in one of Ottawas most desirable neighborhoods. (id:49712)
Property Details
| MLS® Number | X12306932 |
| Property Type | Multi-family |
| Neigbourhood | Golden Triangle |
| Community Name | 4104 - Ottawa Centre/Golden Triangle |
| Features | Carpet Free |
| Parking Space Total | 7 |
Building
| Bathroom Total | 7 |
| Bedrooms Above Ground | 11 |
| Bedrooms Total | 11 |
| Age | 100+ Years |
| Appliances | Water Meter, Dishwasher, Hood Fan, Stove, Refrigerator |
| Basement Development | Finished |
| Basement Type | N/a (finished) |
| Exterior Finish | Brick, Stucco |
| Foundation Type | Stone |
| Heating Type | Hot Water Radiator Heat |
| Stories Total | 3 |
| Size Interior | 5,000 - 100,000 Ft2 |
| Type | Other |
| Utility Water | Municipal Water |
Parking
| No Garage |
Land
| Acreage | No |
| Sewer | Sanitary Sewer |
| Size Depth | 89 Ft ,1 In |
| Size Frontage | 49 Ft ,3 In |
| Size Irregular | 49.3 X 89.1 Ft |
| Size Total Text | 49.3 X 89.1 Ft |
Utilities
| Cable | Available |
| Electricity | Available |
| Sewer | Available |
3101 Strandherd Drive, Suite 4
Ottawa, Ontario K2G 4R9
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August 19 2025 03:54:44
Ottawa Real Estate Board
Royal LePage Team Realty
