159 Frank Street, Ottawa Centre, ON K2P 0X4, Ottawa Centre, ON
Bed 11
Bath 7
Absolutely pristine investment property featuring 7 units, with top-dollar rents and an unbeatable location. Over $1.3 million in renovations were completed in 2011, including new electrical, heating systems, kitchens, bathrooms, windows, and flooring a true top-to-bottom transformation.Situated in the prestigious Golden Triangle, just two blocks from the Rideau Canal and Elgin Streets vibrant cafes, restaurants, shops, and transit. This immaculate building offers spacious units with soaring 10-foot ceilings, hardwood floors, and abundant natural light. Kitchens feature granite countertops, quality appliances, and ample storage. Self managed with excellent tenants and a strong rental history, this property is truly turnkey. 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 acquire a beautifully renovated, fully leased property in one of Ottawas most desirable neighborhoods.
Property Highlights
For Sale
MLS NO.
X12306932
Type
Residential Freehold
Sub Type
Multiplex
Bedrooms
11
Bathrooms
7
Parking
7.0
Complete Property Details
Property Type
Residential Freehold
Sub Type
Multiplex
Transaction Type
For Sale
Status
Expired
Contract Status
Unavailable
MLS® Number
X12306932
Living Area Range
5000 +
Total Bedrooms
11
Bedrooms Above Grade
11
Total Bathrooms
7
Total Kitchens
7
Kitchens Above Grade
7
Rooms Above Grade
7
Interior Features
Carpet Free
Fireplace
No
Central Vacuum Yn
No
Construction
Brick, Stucco (Plaster)
Roof
Asphalt Shingle
Lot Width
49.3
Lot Size
4392.63
Parking Total
7.0
Covered Spaces
0.0
Garage Type
None
Garage
No
Pool
None
Direction Facing
North
Cooling
None
Heat Source
Other
Heat Type
Water
Internet Address Display Yn
Yes
Internet Entire Listing Display Yn
Yes
Full Address
159 Frank Street, Ottawa Centre, ON K2P 0X4
City
Ottawa Centre
Neighbourhood
4104 - Ottawa Centre/Golden Triangle
County / Region
Ottawa
Province / State
ON
Postal Code
K2P 0X4
Cross Street
Elgin St. and Cartier,
Directions
Frank St. between Elgin St. and Cartier, take the Metcalfe entrance from the Queensway.
Country
CA
List Price
$2,600,000
Annual Taxes
$17,016
Tax Year
2025
Legal Description
PT LT 51, PL 49052 , N/S FRANK ST, AS IN NS144377 ; OTTAWA/NEPEAN
Possession Type
Flexible
Possession Details
Flexible
Listing Office
ROYAL LEPAGE TEAM REALTY
Board
Ottawa Real Estate Board
Original Entry
2025-07-25T13:43:28Z
Media Updated
2025-07-25T13:43:28Z
Photos Updated
2025-07-25T13:43:28Z
Last Modified
2025-10-26T05:15:40Z
System Modified
2025-10-26T05:15:40.950374Z
MLS Status
Expired
Architectural Style
3-Storey
Basement
Finished
Ddfyn
Yes
Expiration Date
2025-10-25
Foundation Details
Stone
Heat Source Multi
Other
Heat Type Multi
Water
Hstapplication
In Addition To
Occupant Type
Tenant
Originating System Id
A00001796
Parcel Number
041180232
Parking Spaces
7
Public Remarks
Absolutely pristine investment property featuring 7 units, with top-dollar rents and an unbeatable location. Over $1.3 million in renovations were completed in 2011, including new electrical, heating systems, kitchens, bathrooms, windows, and flooring a true top-to-bottom transformation.Situated in the prestigious Golden Triangle, just two blocks from the Rideau Canal and Elgin Streets vibrant cafes, restaurants, shops, and transit. This immaculate building offers spacious units with soaring 10-foot ceilings, hardwood floors, and abundant natural light. Kitchens feature granite countertops, quality appliances, and ample storage. Self managed with excellent tenants and a strong rental history, this property is truly turnkey. 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 acquire a beautifully renovated, fully leased property in one of Ottawas most desirable neighborhoods.