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186 James St 11 Unit Apartment Building $2,339,579 USD ($212,689 USD/Unit) 4.52% Cap Rate Ottawa, ON K1R 5M7
Investment Highlights
- fully renovated in 2015 including new roof and boiler
- air conditioning and common laundry room
Executive Summary
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.
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.
Property Facts
| Price | $2,339,579 USD | Apartment Style | Low-Rise |
| Price Per Unit | $212,689 USD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.11 AC |
| Cap Rate | 4.52% | Building Size | 10,000 SF |
| No. Units | 11 | No. Stories | 3 |
| Property Type | Multifamily | Year Built/Renovated | 1979/2015 |
| Property Subtype | Apartment | Parking Ratio | 0.73/1,000 SF |
| Price | $2,339,579 USD |
| Price Per Unit | $212,689 USD |
| Sale Type | Investment |
| Cap Rate | 4.52% |
| No. Units | 11 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.11 AC |
| Building Size | 10,000 SF |
| No. Stories | 3 |
| Year Built/Renovated | 1979/2015 |
| Parking Ratio | 0.73/1,000 SF |
Amenities
Unit Amenities
- Air Conditioning
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 8 | - | 475 |
| Studios | 2 | - | - |
| 2+1 | 1 | - | - |
1 1
Walk Score®
Walker's Paradise (97)
Transit Score®
Excellent Transit (74)
Bike Score®
Biker's Paradise (92)
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186 James St
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