New
44
49
$1,275,000
331 Flora Street, Ottawa Centre, ON K1R 5S1
Ottawa Centre
5 bd
3 ba
2,000 sf
3
2 weeks on marketMLS® X13722170
Listing courtesy of ROYAL LEPAGE TEAM REALTY
Ottawa Centre · K2P 0T3
$1,150,000
$575 / sq ft3 days on market
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Turnkey five-unit apartment building in Centretown offering immediate income and longer-term development potential. Over 300k in capital improvements over the last 10 years.The property is fully occupied and consists of three one-bedroom apartments and two bachelor units, with annual gross income of just over $79,000. The property may qualify for attractive CMHC MLI Select financing. Tenants pay their own hydro, while the landlord pays for heat and water. Additional income may be available from the on-site parking. The property sits on a 33' 99' lot and may be assembled with adjoining properties to create a development site of approximately 13,000 square feet. This property has a Walk Score of 100/100! Ideally located within walking distance of downtown, public transit, restaurants, shops and other amenities. A strong opportunity to acquire a stabilized income property with financing, rental and redevelopment upside. Contact the listing agent for further details regarding the potential land assembly, the rent roll & operating expenses.
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What this home costs beyond the asking price, and how that price compares to what else is on the market.
This home is priced in line with comparable listings — about 56% of comparable multiplex listings in Ottawa Centre are asking less.
Based on 16 comparable active multiplex listings in Ottawa Centre. These are asking prices, not sale prices.
Estimate only. Excludes CMHC insurance premiums, which apply below 20% down, and does not constitute a mortgage approval or an offer of credit.
Payable on closing, on top of the purchase price.
An estimate on the asking price of $1,150,000. Rates current as of September 2026; confirm the final figure with your real estate lawyer.
Listing courtesy of SUTTON GROUP - OTTAWA REALTY. Listing data is provided in part by the Toronto Regional Real Estate Board (TRREB) and is deemed reliable but is not guaranteed accurate. Information is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties. Data is updated every 15 minutes.
Listing courtesy of SYNERCAPITAL INVESTMENT REALTY
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