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186 James Street
4103 - Ottawa Centre Ottawa Centre K1R 5M7

$3,195,000 /For Sale
Commercial

Main Photo: 186 James Street in Ottawa Centre: 4103 - Ottawa Centre Commercial for sale : MLS®# X12542896
Photo 1: 186 James Street in Ottawa Centre: 4103 - Ottawa Centre Commercial for sale : MLS®# X12542896
Photo 2: 186 James Street in Ottawa Centre: 4103 - Ottawa Centre Commercial for sale : MLS®# X12542896
Photo 3: 186 James Street in Ottawa Centre: 4103 - Ottawa Centre Commercial for sale : MLS®# X12542896
Status:
Active
Prop. Type:
Commercial
MLS® Num:
X12542896
Bus Major:
Apts - 6 To 12 Units
Discover a beautifully restored 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.
Property Type:
Commercial
Property Sub Type:
Investment
Freestanding:
Yes
Total Area:
10000 sq. ft. Square Feet
Total Area:
10,000 sq. ft.
Lot Depth:
109'
Lot Frontage:
42'
Water supply:
Municipal
Zoning:
R4UD[479]
Heating type:
Gas Hot Water
Garage:
None
Parking Spaces:
3
Possession Details:
Fully rented
HST Applicable To Sale Price:
In Addition To
Assessment Year:
2025
Type Taxes:
Annual
Taxes:
$15,964.53 / 2025
Assessment:
$- / 2025
Ottawa
Ottawa Centre
4103 - Ottawa Centre
Utilities:
Yes
Air Conditioning:
Yes
Seller Property Info Statement:
No
Gross income:
$213,453
Net Income Before Debt:
$215,609
Expenses Actual/Estimated:
Estimated
Heating Expenses:
$4,515
Hydro Expenses:
$1,200
Insurance Expenses:
$5,537
Management Expenses:
$8,538
Tax Expenses:
$15,965
Operating Expenses:
$62,636
Other Expenses:
$8,500
Water Expenses:
$5,181
Year Expenses:
2025
Maintenace Expenses:
$13,200
Vacancy Allowance:
2156
Major Business Type:
Apts - 6 To 12 Units
Category:
Apartment
LLBO:
No
Date Listed:
Nov 13, 2025
Original Price:
Previous Price:
  • Photo 1: 186 James Street in Ottawa Centre: 4103 - Ottawa Centre Commercial for sale : MLS®# X12542896
    Photo 1 of 3
  • Photo 2: 186 James Street in Ottawa Centre: 4103 - Ottawa Centre Commercial for sale : MLS®# X12542896
    Photo 2 of 3
  • Photo 3: 186 James Street in Ottawa Centre: 4103 - Ottawa Centre Commercial for sale : MLS®# X12542896
    Photo 3 of 3
Listed by DISTRICT REALTY CORPORATION
Data was last updated November 15, 2025 at 03:15 PM (UTC)
DARYL  KING
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Whether you’re looking for small multi-family units or larger residential complexes, we offer a wide selection of apartment buildings for sale to match your investment goals. Let us help you find a property that offers steady income and long-term value.

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FAQs – Apartment Buildings for Sale

1. Are apartment buildings a good investment?
Yes, apartment buildings provide steady rental income, potential tax benefits, and property value appreciation over time.

2. What should I consider before buying an apartment building?
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3. Can first-time investors buy apartment buildings?
Yes, many financing options are available for new investors, including CMHC-backed loans and commercial mortgages.

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Typically, any property with five or more units is classified as an apartment building for investment purposes.

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You can find listings across major cities and growing suburbs where rental demand remains strong.