Rare opportunity to acquire a large parcel in one of Ottawa's most strategic downtown locations. This solid six-unit building features five 1-bedroom units and one spacious 3-bedroom unit, with the sale also including the adjacent parking lot, creating a substantial land holding just minutes from Parliament Hill, Foreign Affairs, the ByWard Market, the University of Ottawa, and countless shops, restaurants, and employment hubs. The property can be taken over as a turnkey income-producing investment with all units currently tenanted, providing immediate rental revenue, or reimagined as a future redevelopment site in a highly desirable urban location. Combined with the generous yard and parking area, this offering presents exceptional potential for investors, developers, and land bankers alike. Property is being sold in "as-is, where-is" condition. 6.2% cap rate. All units are tenanted and a minimum of 24 hours' notice is required for all showings.
| MLS # | X13517736 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | New |
| Year | 0 |
| Days On Site | 117 |
| Listing Provided By | CENTURY 21 SYNERGY REALTY INC | X13517736 485600 |
| SQ Feet | 5,880 |
|---|---|
| Acreage | 0.14 |
| Cooling | No |
|---|
| Community Features | Public Transit |
|---|
| Utilities | Yes |
|---|
| Tax Annual Amount | 18619 |
|---|---|
| Tax Type | Annual |
| Tax Legal Description | PT LTS 6 & 7, PL 1223 , N/S ST. ANDREW ST, AS IN NS77923; S/T & T/W NS77923 PARTIALLY RELEASED BY N504604 ; OTTAWA/NEPEAN |
| Tax Year | 2025 |
| Province | ON |
|---|---|
| County | Ottawa |
| City | Lower Town - Sandy Hill |
| Postal Code | K1N 5G8 |
| Area | 4002 Lower Town |
| Listing VS Median (in K1N 5G8) | |
Price: $1,399,900 low | high Med: $1,399,900 sqft: 5,880 low | high Med: 5,880 $ / sqft: $238 low | high Med: $238 On site: 117 low | high Med: 117 | |
| Province | ON |
|---|---|
| County | Ottawa |
| City | Lower Town - Sandy Hill |
| Postal Code | K1N 5G8 |
| Area | 4002 Lower Town |
| Listing VS Median (in K1N 5G8) | |
Price: $1,399,900 low | high Med: $1,399,900 sqft: 5,880 low | high Med: 5,880 $ / sqft: $238 low | high Med: $238 On site: 117 low | high Med: 117 | |