$2,600,000
16.61 BTC
Photos
159 Frank Street, Ottawa Centre
$2,600,000
PRICE
11
BEDROOMS
7
BATHROOMS
X12306932
MLSID

159 Frank Street, Ottawa Centre

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.
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Summary

Address
159 Frank Street
MLSID
X12306932
Property Type
Multiplex
Property Category
Bedrooms
11
Bathrooms
7
Kitchens
7
Taxes (Annual)
$17,016.49
Tax Year
2025
Published
July 25, 2025
Days on Market
9 Days
Possession Type
Flexible
Possession Details
Flexible
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Inclusions

7 Stoves, 7 Dishwashers, 7 Refrigerators, 7 Hood Fans

Exclusions

All Tenants Belongings

Details

Parking Spaces
7
Parking Total
7
Architectural Style
3-Storey
Roof
Asphalt Shingle
Construction Materials
Brick, Stucco (Plaster)
Lot Size
4,393
Lot Width
49 Feet
Lot Depth
89 Feet
Water
Municipal
Heat Source
Other
Heat Type
Water
New Construction
No
Occupant Type
Tenant
Private Entrance
No
Sauna
No
Seasonal Property
No
Hot Tub / Spa
No
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