$3,195,000
Available - For Sale
Listing ID: X12542896
186 James Street , Ottawa Centre, K1R 5M7, Ottawa
| Discover a beautifully restored, fully rented, 11-unit multi-family building ideally situated in the heart of Ottawa. This fully modernized property presents a turn-key investment with strong tenant appeal and minimal ongoing capital requirements. Each suite showcases thoughtful design and durable finishes, blending heritage charm with modern functionality - a rare balance that ensures lasting desirability and consistent rental demand. In 2015, the building underwent significant upgrades, including a new boiler, a replaced roof, and the addition of air conditioning and a common laundry room. Two on-site parking spaces further enhance its appeal in this central urban setting. Positioned within walking distance of grocery stores, restaurants, nightlife, Chinatown, and the Elgin Street corridor - and minutes from Highway 417 - this property benefits from exceptional accessibility and strong location fundamentals. With its combination of historic character, quality upgrades, and steady income, 186 James Street represents a secure, long-term addition to any investor's multi-residential portfolio. |
| Price | $3,195,000 |
| Taxes: | $15964.53 |
| Tax Type: | Annual |
| Assessment Year: | 2025 |
| Occupancy: | 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 |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 0 | |
| Washroom Type 2 | 0 | |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 | |
| Washroom Type 6 | 0 | |
| Washroom Type 7 | 0 | |
| Washroom Type 8 | 0 | |
| Washroom Type 9 | 0 | |
| Washroom Type 10 | 0 | |
| Washroom Type 11 | 0 | |
| Washroom Type 12 | 0 | |
| Washroom Type 13 | 0 | |
| Washroom Type 14 | 0 | |
| Washroom Type 15 | 0 | |
| Washroom Type 16 | 0 | |
| Washroom Type 17 | 0 | |
| Washroom Type 18 | 0 | |
| Washroom Type 19 | 0 | |
| Washroom Type 20 | 0 | |
| Washroom Type 21 | 0 | |
| Washroom Type 22 | 0 | |
| Washroom Type 23 | 0 | |
| Washroom Type 24 | 0 | |
| Washroom Type 25 | 0 | |
| Washroom Type 26 | 0 | |
| Washroom Type 27 | 0 | |
| Washroom Type 28 | 0 | |
| Washroom Type 29 | 0 | |
| Washroom Type 30 | 0 | |
| Washroom Type 31 | 0 | |
| Washroom Type 32 | 0 | |
| Washroom Type 33 | 0 | |
| Washroom Type 34 | 0 | |
| Washroom Type 35 | 0 |
| Category: | Apartment |
| Use: | Apts - 6 To 12 Units |
| Building Percentage: | T |
| Total Area: | 10000.00 |
| Total Area Code: | Square Feet |
| Management Expense: | 8538 |
| Water Expense: | $5181 |
| Vacancy Allowance: | 2156 |
| Net Income Before Debt: | $150817 |
| Expenses Actual/Estimated: | $Est |
| Washrooms: | 0 |
| Heat Type: | Gas Hot Water |
| Central Air Conditioning: | Yes |
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| DISTRICT REALTY CORPORATION |
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At a Glance:
| Type: | Com - Investment |
| Area: | Ottawa |
| Municipality: | Ottawa Centre |
| Neighbourhood: | 4103 - Ottawa Centre |
| Tax: | $15,964.53 |
| Fireplace: | N |
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