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$3,195,000
Available - For Sale
Listing ID: X12542896
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: $15,964.53
Tax Type: Annual
Assessment Year: 2025
Occupancy by: 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
No. of Pieces Level
Washroom 1 0
Washroom 2 0
Washroom 3 0
Washroom 4 0
Washroom 5 0
Washroom 6 0
Washroom 7 0
Washroom 8 0
Washroom 9 0
Washroom 10 0
Washroom 11 0
Washroom 12 0
Washroom 13 0
Washroom 14 0
Washroom 15 0
Washroom 16 0
Washroom 17 0
Washroom 18 0
Washroom 19 0
Washroom 20 0
Washroom 21 0
Washroom 22 0
Washroom 23 0
Washroom 24 0
Washroom 25 0
Washroom 26 0
Washroom 27 0
Washroom 28 0
Washroom 29 0
Washroom 30 0
Washroom 31 0
Washroom 32 0
Washroom 33 0
Washroom 34 0
Washroom 35 0
Category: Apartment
Use: Apts - 6 To 12 Units
Building Percentage: T
Total Area: 10,000
Total Area Code:  Square Feet
 Management Expense: 8538
Maintenance: 0
Water Expense: $5181
Vacancy Allowance: 2156
Net Income Before Debt: $150817
Expenses Actual/Estimated: $Est
Heat Type: Gas Hot Water
Central Air Conditioning: Yes
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Asking Price: $ Heating: $ /Year  
Interest Rate: % Condo Fee: $ /Year
Taxes:   $ /Year Other Debt: $ /Year  
Amortization:     Years GDS: %
    TDS: %
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Income Required $ $ $ $

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Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
DISTRICT REALTY CORPORATION

186 James Street , Ottawa Centre, K1R 5M7, Ottawa


 
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At a Glance:
Type: Com - Investment
Area: Ottawa
Municipality: Ottawa Centre
Neighbourhood: 4103 - Ottawa Centre
Style:
Lot Size: x 109.00(Feet)
Approximate Age:
Tax: $15,964.53
Maintenance Fee: $0
Beds: 0
Baths: 0
Garage: 0
Fireplace: N
Air Conditioning:
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