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$525,000
Ottawa
277 St Patrick Street, Ottawa, Ontario, K1N5K4
This multi-family property in Ottawa is for sale offering roughly 1,300 sq ft of space.
Welcome to 277 St. Patrick Street, a charming semi-detached duplex in the heart of downtown Ottawa! An excellent opportunity for investors looking to add an income-generating property to their portfolio in a highly desirable central location.Featuring two self-contained units, each with its own private entrance, and in-unit laundry, this property offers convenience, privacy, and a practical setup for both tenants and investors. Both units are currently rented for $1,800 per month each, generating $3,600 in monthly rental income ($43,200 annually).The main-floor unit features a functional 1-bedroom layout with a kitchen, 3-piece bathroom, in-unit laundry, and direct access to an outdoor deck.The upper-level unit offers 2 bedrooms, bright living spaces, charming exposed brick accents, an efficient kitchen, 3-piece bathroom, in-unit laundry, and a private balcony, creating a comfortable and inviting living space.Located just steps from the ByWard Market and minutes from Parliament Hill, Rideau Centre, restaurants, cafés, shopping, and public transit, this property puts tenants in the centre of everything downtown Ottawa has to offer.With two income-producing units already in place, separate hydro meters, and a prime downtown location, 277 St. Patrick Street presents a great opportunity to invest in Ottawa's rental market. Don't miss your chance to add this centrally located duplex to your investment portfolio! (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 168 days on market, against an average age of 62 days across the listings currently for sale in this city
This 3-bed multi-family in Ottawa is available now. Want me to connect you with the agent or keep you posted on any price updates?
Approximate location — exact address confirmed upon showing
This home lists at $525,000, about 8.2× the local median household income of $64,000.
Carrying it typically needs a household income of about $102,551 (20% down, 25-yr amortization, stress-tested) — roughly 60% above the area median.
Source: Statistics Canada, 2021 Census (FSA K1N)
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Loading rates, 30-yr amortization
Cash Needed to Close
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