159 Frank Street Ottawa, Ontario K2P 0X4
$2,600,000
Absolutely pristine investment property 7-unit building with top-dollar rents and an unbeatable location. Over $1.3 million in renovations completed in 2011, including all-new electrical, heating systems, kitchens, bathrooms, windows, and flooring top-to-bottom transformation. Situated in the prestigious Golden Triangle, just two blocks from the Rideau Canal and Elgin Street's vibrant cafes, restaurants, shops, and transit. This immaculate building features large, spacious units, soaring 10-foot ceilings, hardwood floors, and abundant natural light through large windows. Kitchens boast granite countertops, quality appliances, and ample storage. Professionally managed with excellent tenants and zero vacancies a true turnkey opportunity. 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 own a beautifully renovated, fully leased investment property in one of Ottawa's 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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July 29 2025 03:39:37
Ottawa Real Estate Board
Royal LePage Team Realty
