For Sale

159 Frank Street, Ottawa Centre, Ontario K2P 0X4

$0

159 Frank Street, Ottawa Centre, Ontario K2P 0X4 is For Sale and has a listing price of 2,600,000. The property is located in the Ottawa Centre . It's been on the website for 77 Days.

  • Multiplex
    Property Type
  • 11
    Bedrooms
  • 7
    Bathrooms
  • MLS ID: X12306932
  • Office Name ROYAL LEPAGE TEAM REALTY
Property Description

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 Details
  • Bedrooms: 11
  • MLS ID: X12306932
  • Bathrooms: 7
  • Price: $2,600,000
  • Lot Depth: 89.1
  • Transaction Types: For Sale
  • Ref ID: X12306932
  • Year Built: N/A
  • Approx Sqft: 5000 +
  • Dir / Cross St: Elgin St. and Cartier,
  • Status: Active
  • Tax Year: 2025
  • Approx Age: 100+
  • Property Type: Multiplex
  • Property Type: Commercial
  • Property Sub Category: Commercial
Price History
List Date MLS ID List Price Status End Date Closed Price
07/25/2025 X12306932 $2,600,000 For Sale - -
Market Temperature
  • Buyer's Market
  • Balanced
  • Seller's Market
Neighborhood Stats
Ottawa Centre
  • $726,731 Average List Price
    based on 1 year
  • 152 New Listings
    based on 30 days
  • 48 Median Days on Market
    based on 1 year
  • List vs. Selling Price 75.95 % Up
  • Sold (12mo) 161
  • Rented (12mo) 174

  • 1 Month Change -100.0%
  • 3 Month Change -100.0%
  • 6 Month Change -100.0%
Walkscore
  • 98 Walk Score
    Walker's Paradise
  • 83 Transit Score
    Excellent Transit
  • 99 Bike Score
    Biker's Paradise
Additional Details
  • Heat Type Water
  • Heat Source Other
  • Style 3-storey
  • Washroom Type1: 7
  • Garage Type Y
  • Parking Spaces: 7
  • Exterior Brick
  • Kitchen 7
  • Washrooms Type 1 # Pcs: 4
  • Taxes: $17,016
  • Last Status New
  • Original Price: $0
  • Sold Price: $0
  • Addl Monthly Fees: $0
  • Possession Remarks: Flexible
  • Listing Entry Date: 25/07/2025 13:43:28
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