22-24 St Francis Street Ottawa, Ontario K1Y 1W5
$1,800,000
Turnkey income property in one of Ottawa's most sought-after neighbourhoods. This fully tenanted six unit building comprises two semi-detached buildings offering nine bedrooms across six units - three spacious two-bedroom units at No. 22 and three one-bedroom units (one with den) at No. 24 - generating strong income with excellent upside at renewal. Over $250,000 in capital improvements since 2010 including a modern gas boiler, all-new electrical panels, vinyl siding and windows, a comprehensive drainage system, new retaining wall, and professionally renovated kitchens and bathrooms with hardwood and ceramic flooring throughout. Unit 3-22 features a rooftop terrace with composite decking, and Building 24 has a newly constructed rear staircase with exclusive use decks - both exceptional lifestyle additions rarely found in multi-residential. The 6,225 sq ft lot (50 ft 124.5 ft) sits in the new N4B zone under Ottawa's 2026 Zoning By-law, presenting significant redevelopment or intensification potential while current income covers carrying costs. Eight dedicated parking spaces included. Steps to the Hintonburg shops along Wellington Street, the O-Train Bayview and Tunney's Pasture stations, the Ottawa River pathway, and a quick commute to the Civic Hospital and downtown. Low operating expenses and a proven rental market driven by young professionals, federal employees, and health care employees make this a compelling hold or build opportunity. Email today for the complete details. (id:52914)
Business
| Business Type | Residential |
| Business Sub Type | Apartments |
Property Details
| MLS® Number | X12896488 |
| Property Type | Multi-family |
| Community Name | 4203 - Hintonburg |
| Amenities Near By | Highway, Public Transit |
| Equipment Type | Water Heater, Dryer(s), Washer(s) |
| Parking Space Total | 8 |
| Rental Equipment Type | Water Heater, Dryer(s), Washer(s) |
Building
| Age | 100+ Years |
| Appliances | Dishwasher, Dryer, Hood Fan, Washer |
| Cooling Type | None |
| Heating Fuel | Natural Gas |
| Heating Type | Hot Water Radiator Heat, Radiator |
| Size Interior | 5,391 Ft2 |
| Type | Multi-family |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Land Amenities | Highway, Public Transit |
| Size Depth | 124 Ft ,6 In |
| Size Frontage | 50 Ft |
| Size Irregular | 50 X 124.5 Ft |
| Size Total Text | 50 X 124.5 Ft |
| Zoning Description | N4b |
https://www.realtor.ca/real-estate/29486306/22-24-st-francis-street-ottawa-4203-hintonburg
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March 26 2026 09:05:04
Ottawa Real Estate Board
Engel & Volkers Ottawa
