186 James St - Apartments FOR SALE


Ottawa, ON K1R 5M7- Downtown
$3,195,000 CAD
877-570-9160
186 James St, Ottawa, ON for Sale
$3,195,000 CAD
Apartments - FOR SALE
1/30
null | 4.72% Cap Rate

186 James St
Ottawa, ON K1R 5M7
Downtown


HIGHLIGHTS

  • fully renovated in 2015 including new roof and boiler
  • air conditioning and common laundry room

OVERVIEW

Discover a beautifully restored, fully rented, 11-unit multi-family building ideally situated in the heart of Ottawa. This fully modernized property presents a turn-key investment with strong tenant appeal and minimal ongoing capital requirements. Each suite showcases thoughtful design and durable finishes, blending heritage charm with modern functionality — a rare balance that ensures lasting desirability and consistent rental demand. In 2015, the building underwent significant upgrades, including a new boiler, a replaced roof, and the addition of air conditioning and a common laundry room. Two on-site parking spaces further enhance its appeal in this central urban setting. Positioned within walking distance of grocery stores, restaurants, nightlife, Chinatown, and the Elgin Street corridor — and minutes from Highway 417 — this property benefits from exceptional accessibility and strong location fundamentals. With its combination of historic character, quality upgrades, and steady income potential, 186 James Street represents a secure, long-term addition to any investor’s multi-residential portfolio.

FOR SALE DETAILS

PRICE

$3,195,000 CAD

PRICE/SF

$320 CAD /SF

# OF UNITS

11

PRICE/UNIT

$290,455

CAP RATE

4.72%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2000

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Susanne WilkinsDistrict Realty Corporation, BrokerageMore Info
877-570-9160

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Susanne WilkinsDistrict Realty Corporation, BrokerageMore Info
877-570-9160

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.