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$3,195,000
Available - For Sale
Listing ID: X12542896
Beautifully restored 11-unit multi-family building in the heart of Ottawa, fully leased and income-producing from day one. New Build Quality Without New-Build Risk: In a central area with limited new supply, this fully modernized, turn-key property delivers near-new-build quality without the cost or risk of new construction. Capital Improvements (2015): New boiler; Roof replacement; Addition of air conditioning; & Installation of common laundry room. A turn-key investment, fully modernized with minimal near-term capital requirements and strong tenant retention. Well-appointed suites finished with durable materials that marry historic character with contemporary livability-engineered for sustained rental performance. Daily conveniences including grocery, pharmacy, and fitness are moments away, while major federal and municipal employment hubs anchor consistent demand. Seamless access to Highway 417, key arterials, and transit ensures connectivity across the city. A walkable, centrally positioned urban setting-bordered by Chinatown, Elgin Street, and the ByWard Market-drives tenant retention and long-term occupancy.
Price $3,195,000
Taxes: $15,964.53
Tax Type: Annual
Assessment Year: 2025
Occupancy by: Tenant
Address: 186 James Street , Ottawa Centre, K1R 5M7, Ottawa
Postal Code: K1R 5M7
Province/State: Ottawa
Legal Description: LT 32, PL 30671 , S/S OF JAMES ST SUBJEC
Directions/Cross Streets: Bay Street
No. of Pieces Level
Washroom 1:  0
Washroom 2:  0
Washroom 3:  0
Washroom 4:  0
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Washroom 6:  0
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Washroom 53:  0
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Washroom 60:  0
Washroom 61:  0
Washroom 62:  0
Washroom 63:  0
Washroom 64:  0
Washroom 65:  0
Category: Apartment
Use: Apts - 6 To 12 Units
Building Percentage: T
Total Area: 10,000
Total Area Code:  Square Feet
 Management Expense: 8272
Maintenance: 0
Water Expense: $5181
Vacancy Allowance: 2089
Net Income Before Debt: $208882
Expenses Actual/Estimated: $Est
Heat Type: Gas Hot Water
Central Air Conditioning: Yes
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DISTRICT REALTY CORPORATION

186 James Street , Ottawa Centre, K1R 5M7, Ottawa

Evelina Branitsky
Sales Representative
Dir:
647.888.9606
Bus:
416.739.7200
Fax:
416.739.9367

 
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Type: Com - Investment
Area: Ottawa
Municipality: Ottawa Centre
Neighbourhood: 4103 - Ottawa Centre
Style:
Lot Size: x 109.00(Feet)
Approximate Age:
Tax: $15,964.53
Maintenance Fee: $0
Beds: 0
Baths: 0
Garage: 0
Fireplace: N
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Evelina Branitsky Sales Representative pic ebranitsky@rogers.com Sutton Group- Admiral Realty Inc., Brokerage Independently owned and operated. pic 1881 Steeles Avenue West, Toronto, Ontario M3H5Y4 pic Dir: 647.888.9606 | Office: 416.739.7200 | Fax: 416.739.9367 Personal Pic

ebranitsky@rogers.com