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Active
297 St Patrick ST Ottawa, ON K1N 5K4
9,200 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Square Footage 9,200 sqft
Price per Sqft $184
Subdivision 4001 - Lower Town/Byward Market
MLS Listing ID X12319517
Annual Tax Amount $14,226
Tax Year 2025
Property Sub-Type Investment
Property Description
High performing 8 unit apartment building with excellent cashflow AND some upside! Well managed and maintained with many capital improvements done over the years. Boasting $148,367.40 in annual gross income, this multi unit would be an excellent addition to an investment portfolio. Being steps away from the Byward Market, Uottawa & Downtown Ottawa makes this building an ideal location for young professionals and students alike. Over the past 5 years,6/8 units have been fully renovated including new kitchens, bathrooms, flooring, trim etc. Two long time tenancies are well below market rent providing future upside on turnover while the other 6 units are at market rents. With excellent management in place, this building is turn key for the next investor.
Location
Province ON
County Ottawa
Community 4001 - Lower Town/Byward Market
Area Ottawa
Interior
Cooling No
Exterior
Utilities Available Available
Lot Frontage 33.32
Lot Depth 112.66
Others
ParcelsYN No
Listed by SUTTON GROUP - OTTAWA REALTY