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$ 1,399,900
Est. payment /mo
Active
279 ST ANDREW STREET Ottawa, ON K1N5G8
5,880 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Subdivision 4002 - Lower Town
MLS® Listing ID X13517736
Lot Size 5,880 Sqft
Acres 0.135
Property 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:24570)
Location
State ON
Rooms
Kitchen 0.0
Interior
Heating Baseboard heaters
Cooling None
Exterior
Parking Features No
View Y/N No
Attached Garage No
Garage No
Private Pool No
Listed by CENTURY 21 SYNERGY REALTY INC