$3,195,000
Available - For Sale
Listing ID: X12542896
186 James Street , Ottawa Centre, K1R 5M7, Ottawa
| 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: | $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 | |
| Washroom Type 36 | 0 | |
| Washroom Type 37 | 0 | |
| Washroom Type 38 | 0 | |
| Washroom Type 39 | 0 | |
| Washroom Type 40 | 0 | |
| Washroom Type 41 | 0 | |
| Washroom Type 42 | 0 | |
| Washroom Type 43 | 0 | |
| Washroom Type 44 | 0 | |
| Washroom Type 45 | 0 | |
| Washroom Type 46 | 0 | |
| Washroom Type 47 | 0 | |
| Washroom Type 48 | 0 | |
| Washroom Type 49 | 0 | |
| Washroom Type 50 | 0 | |
| Washroom Type 51 | 0 | |
| Washroom Type 52 | 0 | |
| Washroom Type 53 | 0 | |
| Washroom Type 54 | 0 | |
| Washroom Type 55 | 0 | |
| Washroom Type 56 | 0 | |
| Washroom Type 57 | 0 | |
| Washroom Type 58 | 0 | |
| Washroom Type 59 | 0 | |
| Washroom Type 60 | 0 | |
| Washroom Type 61 | 0 | |
| Washroom Type 62 | 0 | |
| Washroom Type 63 | 0 | |
| Washroom Type 64 | 0 | |
| Washroom Type 65 | 0 |
| Category: | Apartment |
| Use: | Apts - 6 To 12 Units |
| Building Percentage: | T |
| Total Area: | 10000.00 |
| Total Area Code: | Square Feet |
| Management Expense: | 8272 |
| Water Expense: | $5181 |
| Vacancy Allowance: | 2089 |
| Net Income Before Debt: | $208882 |
| 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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Dir:
416-548-7854
Bus:
416-548-7854
Fax:
416-981-7184
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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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