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Home ON Ottawa - Gatineau Ottawa Centretown
159 FRANK STREET
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159 FRANK STREET $2,600,000
$2,600,000
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159 FRANK STREET
Ottawa, Ontario K2P0X4

MLS® Number: X12306932
11
Bedrooms
7
Bathrooms
5000 - 100000
Square Feet

Listing Description

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. (40959575)

Location Description

Elgin St. and Cartier

Property Summary

Property Type
Multi-family
Building Type
Other
Storeys
3
Square Footage
5000 - 100000 sqft
Community Name
4104 - Ottawa Centre/Golden Triangle
Land Size
49.3 x 89.1 FT
Age Of Building
100+ years
Annual Property Taxes
$17,016.49
Parking Type
No Garage
Time on REALTOR.ca
10 days

Building

Bedrooms
Above Grade
11
Bathrooms
Total
7
Interior Features
Appliances Included
Water meter, Dishwasher, Hood Fan, Stove, Refrigerator
Basement Type
N/A (Finished)
Building Features
Features
Carpet Free
Foundation Type
Stone
Heating & Cooling
Heating Type
Hot water radiator heat
Utilities
Utility Type
Cable (Available), Electricity (Available), Sewer (Available)
Utility Sewer
Sanitary sewer
Water
Municipal water
Exterior Features
Exterior Finish
Brick, Stucco
Parking
Parking Type
No Garage
Total Parking Spaces
7

Measurements

Square Footage
5000 - 100000 sqft

Land

Lot Features
Frontage
49 ft ,3 in
Land Depth
89 ft ,1 in
Data provided by: Ottawa Real Estate Board 1826 Woodward Drive, Ottawa, Ontario K2C 0P7

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