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:19720)
Property Details
| MLS® Number | X12306932 |
| Property Type | Multi-family |
| 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 |
Contact Us
Contact us for more information
Andrea Gil
Salesperson
3101 Strandherd Drive, Suite 4
Ottawa, Ontario K2G 4R9
(613) 825-7653
(613) 825-8762
www.teamrealty.ca/
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies CREA's Data Distribution Facility (DDF®)
July 25 2025 02:26:34
Ottawa Real Estate Board
Royal LePage Team Realty