22-24 ST FRANCIS STREET, Ottawa
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:25961)
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Details
- Amenities Nearby: Highway, Public Transit
- Equipment: Water Heater, Dryer(s), Washer(s)
- Parking Spaces: 8
- Rental Equipment: Water Heater, Dryer(s), Washer(s)
- Transaction: For sale
- Zoning Description: N4B
Building
- Appliances: Dishwasher, Dryer, Hood Fan, Washer
- Cooling: None
- Fireplace Present: False
- Heating: Hot water radiator heat, Radiator
- Heating Fuel: Natural gas
- Size Interior: 5391 sqft
- Type: Multi-Family
- Utility Water: Municipal water
Land
- Amenities: Highway, Public Transit
- Size Depth: 124 ft ,6 in
- Size Frontage: 50 ft
- Size Irregular: 50 x 124.5 FT
This property for sale is located at 22-24 ST FRANCIS STREET in Ottawa. It was last modified on March 26th 2026. Let us connect you with one of our real estate agents to schedule a viewing or to discover other Ottawa homes for sale.
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