22-24 ST FRANCIS STREET, Ottawa, Ontario, K1Y1W5
MLS: X12896488 | Multi-Family
$1,800,000
Property Description
Turnkey income property in one of Ottawa's most sought-after neighbourhoods. This fully tenanted six unit building comprises two semi-detached buildings offering nine bedrooms across six units - three spacious two-bedroom units at No. 22 and three one-bedroom units (one with den) at No. 24 - generating strong income with excellent upside at renewal. Over $250,000 in capital improvements since 2010 including a modern gas boiler, all-new electrical panels, vinyl siding and windows, a comprehensive drainage system, new retaining wall, and professionally renovated kitchens and bathrooms with hardwood and ceramic flooring throughout. Unit 3-22 features a rooftop terrace with composite decking, and Building 24 has a newly constructed rear staircase with exclusive use decks - both exceptional lifestyle additions rarely found in multi-residential. The 6,225 sq ft lot (50 ft 124.5 ft) sits in the new N4B zone under Ottawa's 2026 Zoning By-law, presenting significant redevelopment or intensification potential while current income covers carrying costs. Eight dedicated parking spaces included. Steps to the Hintonburg shops along Wellington Street, the O-Train Bayview and Tunney's Pasture stations, the Ottawa River pathway, and a quick commute to the Civic Hospital and downtown. Low operating expenses and a proven rental market driven by young professionals, federal employees, and health care employees make this a compelling hold or build opportunity. Email today for the complete details. (id:64974)
Quick Facts
- Property Type: Multi-Family
- Bedrooms: None
- Bathrooms: None
- Living Area: 5,391 sq ft (500.8 m²)
- Attached: Yes
- Parking: 8.0 spaces
- Frontage: 50 ft (15.2 m)
Costs
- Annual Taxes: $14,893.90
Listing Provided by: ENGEL & VOLKERS OTTAWA
Board: Ottawa Real Estate Board
Data provided via CREA DDF®.
Detailed Features
Interior & Systems
- Heating: Hot water radiator heat, Natural gas, Radiator
- Cooling: None
- Appliances: Washer, Dishwasher, Dryer, Hood Fan
Exterior & Construction
- Water: Municipal water
Lot & Land
- Frontage: 50 ft (15.2 m)
- Zoning: N4B
Community & Neighbourhood
- Neighbourhood: 4203 - Hintonburg
Listing Information
Listing History
MLS listing activity for 22-24 ST FRANCIS STREET, Ottawa, Ontario, K1Y1W5 — dates reflect when changes were recorded in the DDF
🚗 Travel times
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Mortgage & Cost Calculators
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22-24 ST FRANCIS STREET, Ottawa, Ontario, K1Y1W5