279 St Andrew Street Ottawa, Ontario K1N 5G8
$1,399,900
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. (id:49269)
Business
| Business Type | Residential |
| Business Sub Type | Apartments |
Property Details
| MLS® Number | X13517736 |
| Property Type | Multi-family |
| Community Name | 4002 - Lower Town |
| Amenities Near By | Public Transit |
Building
| Cooling Type | None |
| Heating Type | Baseboard Heaters |
| Type | Multi-family |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Land Amenities | Public Transit |
| Size Depth | 99 Ft ,5 In |
| Size Frontage | 59 Ft ,5 In |
| Size Irregular | 0.135 |
| Size Total | 0.135 Ac |
| Size Total Text | 0.135 Ac |
| Zoning Description | Residential R4t |
https://www.realtor.ca/real-estate/29984061/279-st-andrew-street-ottawa-4002-lower-town
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July 03 2026 04:53:38
Ottawa Real Estate Board
Century 21 Synergy Realty Inc