279 St Andrew Street,Ottawa, ON K1N5G8
Ottawa, ON K1N5G8
Description
Rare opportunity to acquire a large parcel in one of Ottawa's most strategic downtown locations. This solid six-unit building features five 1-bedroom units and one spacious 3-bedroom unit, with the sale also including the adjacent parking lot, creating a substantial land holding just minutes from Parliament Hill, Foreign Affairs, the ByWard Market, the University of Ottawa, and countless shops, restaurants, and employment hubs. The property can be taken over as a turnkey income-producing investment with all units currently tenanted, providing immediate rental revenue, or reimagined as a future redevelopment site in a highly desirable urban location. Combined with the generous yard and parking area, this offering presents exceptional potential for investors, developers, and land bankers alike. Property is being sold in "as-is, where-is" condition. 6.2% cap rate. All units are tenanted and a minimum of 24 hours' notice is required for all showings. (id:13843)
Details
| MLS # | X13517736 |
|---|---|
| Listing Type | For Sale |
| Status | Active |
| Days On Site | 81 |
| Listing Provided By | CENTURY 21 SYNERGY REALTY INC. | Darcy Whyte |
Features
| Zoning | Residential R4T |
|---|---|
| Acreage | 0.14 |
Interior
| Cooling | None |
|---|---|
| Heating | Baseboard heaters |
| Fireplace Yes / No | No |
Utilities
| Water Source | Municipal water |
|---|
Taxes
| Tax Annual Amount | 18619 |
|---|
Area Information
| Province | ON |
|---|---|
| City | Ottawa |
| Postal Code | K1N5G8 |
| Listing VS Median (in K1N5G8) | |
Price: $1,399,900 low | high Med: $1,350 On site: 81 low | high Med: 48 | |
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Learn More About This Property
| Province | ON |
|---|---|
| City | Ottawa |
| Postal Code | K1N5G8 |
| Listing VS Median (in K1N5G8) | |
Price: $1,399,900 low | high Med: $1,350 On site: 81 low | high Med: 48 | |
