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342 Frank Street
4103 - Ottawa Centre Ottawa Centre K2P 0Y1

$2,495,000 /For Sale
Commercial

Main Photo: 342 Frank Street in Ottawa Centre: 4103 - Ottawa Centre Commercial for sale : MLS®# X12950360
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Status:
Active
Prop. Type:
Commercial
MLS® Num:
X12950360
Bus Major:
Apts - 6 To 12 Units
Rarely available purpose built multi unit investment property in prime Centretown location. 196K Gross income. Fully rented.Six 3-bedroom units + one 2-bedroom unit . 3 Storey brick building. Large, well-maintained units. Easy walking to Bank street, Elgin and Parliament hill. New boiler 2025
Property Type:
Commercial
Property Sub Type:
Investment
Freestanding:
Yes
Total Area:
9000 sq. ft. Square Feet
Total Area:
9,000 sq. ft.
Lot Depth:
66'
Lot Frontage:
59'8"
Bathrooms:
7.0
Water supply:
Municipal
Zoning:
R4T
Heating type:
Gas Forced Air Closed
Garage:
None
Parking Spaces:
0
Possession Details:
Flexible
HST Applicable To Sale Price:
Included In
Assessment Year:
2025
Type Taxes:
Annual
Taxes:
$20,242 / 2025
Assessment:
$- / 2025
Ottawa
Ottawa Centre
4103 - Ottawa Centre
None
7 Fridges, 7 stoves, 1 coin-operated washer and dryer
Tenant's possessions
Utilities:
Available
Air Conditioning:
No
Seller Property Info Statement:
No
Expenses Actual/Estimated:
Actual
Heating Expenses:
$6,615
Hydro Expenses:
$2,990
Tax Expenses:
$20,242
Water Expenses:
$3,937
Year Expenses:
2025
Major Business Type:
Apts - 6 To 12 Units
Category:
Apartment
Date Listed:
Apr 02, 2026
Original Price:
Previous Price:
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Listed by ROYAL LEPAGE PERFORMANCE REALTY
Data was last updated April 5, 2026 at 11:15 PM (UTC)
DARYL  KING
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Why Invest in Apartment Buildings for Sale?

Owning an apartment building for sale provides unique advantages:

  • Multiple rental units generate consistent monthly income
  • Economies of scale make property management more efficient
  • Opportunity to increase property value through renovations and upgrades
  • High demand for rental housing in urban and suburban markets

What to Look for in Apartment Buildings for Sale

When evaluating apartment buildings for sale, consider:

  • Vacancy rates and tenant demand in the area
  • Location and proximity to transit, schools, and employment hubs
  • Building condition, age, and potential maintenance costs
  • Current rental income and future appreciation potential

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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?
Evaluate location, tenant demand, building condition, rental income, and management costs.

3. Can first-time investors buy apartment buildings?
Yes, many financing options are available for new investors, including CMHC-backed loans and commercial mortgages.

4. How many units are considered an apartment building?
Typically, any property with five or more units is classified as an apartment building for investment purposes.

5. Where can I find apartment buildings for sale?
You can find listings across major cities and growing suburbs where rental demand remains strong.