Absolutely pristine investment property 7-unit building with top-dollar rents and an unbeatable location. Over $1.3 million in renovations completed in 2011, including all-new electrical, heating systems, kitchens, bathrooms, windows, and flooring top-to-bottom transformation. Situated in the prestigious Golden Triangle, just two blocks from the Rideau Canal and Elgin Street's vibrant cafes, restaurants, shops, and transit. This immaculate building features large, spacious units, soaring 10-foot ceilings, hardwood floors, and abundant natural light through large windows. Kitchens boast granite countertops, quality appliances, and ample storage. Professionally managed with excellent tenants and zero vacancies a true turnkey opportunity. Includes 7 outdoor parking spaces offering added rental income potential. Residents enjoy nearby parks, tennis courts, bike paths, and easy access to the NAC and downtown core. With a net operating income (NOI) of over $128,700 and priced at $2,600,000, this is a rare opportunity to own a beautifully renovated, fully leased investment property in one of Ottawa's most desirable neighborhoods.
For sale
C$2,600,000
159 Frank St, Ottawa, ON K2P 0X4
11beds
7baths
Multi Family
Built in ----
-- sqft lot
$-- Zestimate®
C$--/sqft
C$-- HOA
What's special
Large spacious unitsHardwood floorsAbundant natural lightGranite countertopsQuality appliancesAmple storageOutdoor parking spaces
- 15 days
- on Zillow |
- 47 |
- 2 |
Zillow last checked: 7 hours ago
Listing updated: July 25, 2025 at 06:43am
Listed by:
ROYAL LEPAGE TEAM REALTY
Source: TRREB,MLS®#: X12306932
Originating MLS®#: Ottawa Real Estate Board

Travel times
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 11
- Bathrooms: 7
Heating
- Water, Other Source
Cooling
- None
Features
- Flooring: Carpet Free
- Basement: Finished
- Has fireplace: No
Interior area
- Living area range: 5000 + null
Property
Parking
- Total spaces: 7
Features
- Stories: 3
- Pool features: None
Lot
- Size: 4,392.63 Square Feet
Details
- Parcel number: 041180232
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Brick, Stucco (Plaster)
- Foundation: Stone
- Roof: Asphalt Shingle
Utilities & green energy
- Sewer: Sewer
Community & HOA
Location
- Region: Ottawa
Financial & listing details
- Annual tax amount: C$17,016
- Date on market: 7/25/2025
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