Homes for sale - 295 ST. ANDREW STREET, Ottawa, ON K1N5G8

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Kevin Scharfenberg

tnrdhomes@gmail.com +1(250) 457-1795

$1,100,000

Est. payment - /mo

7 Beds

3 Baths

1,500 SqFt

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UPDATED:

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 1,500 sqft

Price per Sqft $733

Subdivision 4002 - Lower Town

MLS® Listing ID X12476688

Bedrooms 7

Source Ottawa Real Estate Board

Property Description

Fantastic investment opportunity in the heart of Ottawa's historic Lowertown. This fully turnkey triplex is ideally situated just steps from the ByWard Market and the University of Ottawa, offering strong rental demand and consistent cash flow. Generating nearly $6,000 in monthly income when fully rented, with annual expenses of approximately $13,000 and an impressive $71,000 in annual gross income, this property delivers exceptional returns. Each unit features in-unit laundry, modern updates, and a well-maintained layout ideal for both tenants and long-term investors. The 2nd floor unit offers refinished hardwood floors, a new kitchen, and a renovated bathroom, along with a private balcony. The main floor features three spacious bedrooms and a full bath, while the lower-level unit includes one bedroom plus an additional office or den and a full bathroom. The lower unit is currently vacant, offering an immediate opportunity to rent at market value and further maximize income. Major improvements include a rooftop patio and new roof (2021), exterior cladding (2014), and windows (2011), ensuring minimal maintenance for years to come. The property also includes one dedicated parking spot, plus additional street parking available year-round (excluding winter months). Located in one of Ottawa's most desirable downtown neighbourhoods, close to transit, dining, shopping, and major institutions, this property stands out as a reliable income generator with strong appreciation potential. (id:24570)

Location

Province ON

Rooms

Kitchen 1.0

Extra Room 1 Lower level 2.52 m X 2.84 m Kitchen

Extra Room 2 Lower level 2.26 m X 1.52 m Bathroom

Extra Room 3 Lower level 3.54 m X 2.91 m Laundry room

Extra Room 4 Lower level 3.76 m X 4.13 m Living room

Extra Room 5 Lower level 4.46 m X 4.13 m Primary Bedroom

Extra Room 6 Lower level 1.34 m X 2.06 m Other

Interior

Heating Baseboard heaters

Cooling None

Exterior

Parking Features No

View Y/N No

Total Parking Spaces 1

Private Pool No

Building

Story 2

Sewer Sanitary sewer

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Listed by REAL BROKER ONTARIO LTD.

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Kevin Scharfenberg

+1(250) 457-1795

Personal Real Estate Corporation | License ID: 180491

Personal Real Estate Corporation License ID: 180491

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295 ST. ANDREW STREET Ottawa, ON K1N5G8

Kevin Scharfenberg

Key Details

Location

Rooms

Interior

Exterior

Building

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295 ST. ANDREW STREET