$1,399,900
Available - For Sale
Listing ID: X13517736
279 ST ANDREW Street , Lower Town - Sandy Hill, K1N 5G8, Ottawa
| 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. |
| Price | $1,399,900 |
| Taxes: | $18619.00 |
| Tax Type: | Annual |
| Occupancy: | Tenant |
| Address: | 279 ST ANDREW Street , Lower Town - Sandy Hill, K1N 5G8, Ottawa |
| Postal Code: | K1N 5G8 |
| Province/State: | Ottawa |
| Legal Description: | PT LTS 6 & 7, PL 1223 , N/S ST. ANDREW S |
| Lot Size: | 7.92 x 99.47 (Feet) |
| Directions/Cross Streets: | King Edward & St Andrew |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 0 | |
| Washroom Type 2 | 0 | |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 | |
| Washroom Type 6 | 0 | |
| Washroom Type 7 | 0 | |
| Washroom Type 8 | 0 | |
| Washroom Type 9 | 0 | |
| Washroom Type 10 | 0 |
| Category: | Apartment |
| Use: | Apts - 6 To 12 Units |
| Building Percentage: | T |
| Total Area: | 0.14 |
| Total Area Code: | Acres |
| Area Influences: | Public Transit |
| Financial Statement: | T |
| Net Income Before Debt: | $112824 |
| Expenses Actual/Estimated: | $Act |
| Washrooms: | 0 |
| Heat Type: | Baseboard |
| Central Air Conditioning: | No |
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| CENTURY 21 SYNERGY REALTY INC |
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At a Glance:
| Type: | Com - Investment |
| Area: | Ottawa |
| Municipality: | Lower Town - Sandy Hill |
| Neighbourhood: | 4002 - Lower Town |
| Lot Size: | 7.92 x 99.47(Feet) |
| Tax: | $18,619 |
| Fireplace: | N |
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