186 James Street
Ottawa Centre, K1R 5M7
FOR SALE
$3,195,000

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Investment
CATEGORY10,000 Sq Ft
TOTAL AREAX12542896
MLSIDContact Us
Property Description
Beautifully restored 11-unit multi-family building in the heart of Ottawa, fully leased and income-producing from day one. New Build Quality Without New-Build Risk: In a central area with limited new supply, this fully modernized, turn-key property delivers near-new-build quality without the cost or risk of new construction. Capital Improvements (2015): New boiler; Roof replacement; Addition of air conditioning; & Installation of common laundry room. A turn-key investment, fully modernized with minimal near-term capital requirements and strong tenant retention. Well-appointed suites finished with durable materials that marry historic character with contemporary livability-engineered for sustained rental performance. Daily conveniences including grocery, pharmacy, and fitness are moments away, while major federal and municipal employment hubs anchor consistent demand. Seamless access to Highway 417, key arterials, and transit ensures connectivity across the city. A walkable, centrally positioned urban setting-bordered by Chinatown, Elgin Street, and the ByWard Market-drives tenant retention and long-term occupancy.
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Property Details
Address
186 James Street
Community
City
Postal Code
K1R 5M7
Property Type
Investment, Investment
Use
Apartment
Zoning
R4UD[479]
Lot Size
42' x 109'
Total Area
10,000 Sq Ft
Acreage
4,553.1 Feet
Taxes
$15,965 (2025
Heat Type
Gas Hot Water
Water
Municipal
Parking Spaces
2
Garage Type
None
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Listing contracted with District Realty Corporation
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