Cross Streets: James Street & Bank Street. ** Directions: North on Bank Street from Gladstone, Left on James Street. An investment property you would be proud to own. Welcome to 46 James Street, ideally situated in the heart of Ottawa. This property presents a compelling blend of character, functionality, and location, making it a sound addition to an investment portfolio.The building features well-maintained rental units that have demonstrated consistent performance. In 2025, the property generated gross rental income of $83,447.64. Total operating expenses for the same period amounted to $23,761.80, inclusive of insurance, property taxes, utilities, repairs and maintenance, management, and bank fees. This results in a net operating income of $59,685.84, reflecting stable and reliable cash flow based on actual historical figures.The property is located within an established urban neighbourhood with convenient access to public transit routes, nearby shopping and services, parks, and downtown Ottawa amenities. Its central location supports ongoing rental demand and aligns with the City of Ottawa's focus on intensification and walkable communities.This offering represents a well-balanced opportunity for investors seeking proven income, manageable operating costs, and a centrally located asset within the Ottawa market, suitable for both experienced investors and those looking to expand their holdings with a property backed by real performance data. (id:27476)
