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    For Sale - 279 ST ANDREW Street, Lower Town - Sandy Hill, Ontario

    Est payment $6,722/mo
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    Time on Jump  3 day

    AI Summary *

    • Prime downtown location near Parliament Hill and ByWard Market.
    • Solid six-unit building with consistent rental income from tenants.
    • Includes an adjacent parking lot for added value and convenience.
    • Generous yard and parking area offer potential for redevelopment.
    • Great investment opportunity with a solid 6.2% cap rate.




    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.
    Listing IDX13517736
    Address279 ST ANDREW Street
    CityLower Town - Sandy Hill, Ontario
    Price$1,399,900
    StyleInvestment
    TypeIndustrial/Commercial
    StatusFor Sale

    Subtype InvestmentCommunity Features Public TransitBasement 1Heating / Cooling Baseboard

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    Listing Agency:  CENTURY 21 SYNERGY REALTY INC

    * Data is provided courtesy of PROPTX. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. The information is deemed reliable but is not guaranteed accurate by PROPTX.

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    279 St Andrew Street
    Lower Town - Sandy Hill , Ontario
    $1,399,900
    Get more info