297 St Patrick Street Ottawa, Ontario K1N 5K4
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$1,699,999
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. (id:59142)
Property Details
| MLS® Number | X12319517 |
| Property Type | Multi-family |
| Neigbourhood | Byward Market |
| Community Name | 4001 - Lower Town/Byward Market |
Building
| Cooling Type | None |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Size Exterior | 9200 Sqft |
| Size Interior | 9200 Sqft |
| Type | Multi-family |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Size Depth | 112 Ft ,7 In |
| Size Frontage | 33 Ft ,3 In |
| Size Irregular | Bldg=33.32 X 112.66 Ft |
| Size Total Text | Bldg=33.32 X 112.66 Ft |
| Zoning Description | R4s |
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October 23 2025 12:28:40
Ottawa Real Estate Board
Sutton Group - Ottawa Realty