22-24 St. Francis Street, Ottawa ON K1Y 1W5

About This Property

Welcome to one of Hintonburg's premier multi-unit investment opportunities. Located at 22-24 St. Francis Street, this extensively renovated sixplex represents a unique combination of proven income generation, prime neighbourhood positioning, and tremendous upside potential. Offering six fully occupied residential units across two buildings, this property generates $127,149 in annual gross rental income with a healthy net operating income of $87,133 and a lean 31.2% expense ratio.

The property has undergone comprehensive capital improvements over a 15-year renovation cycle (2010–2026), including a complete mechanical overhaul with a new gas hot-water boiler (2019), electrical upgrades with four meters across both buildings, replacement of all lead water lines (2015), new double-pane windows (2018–2020), and a full fire retrofit (2015). All six units feature newly renovated kitchens and bathrooms, and the buildings benefit from new roofing (flat 2013, pitched 2017), modern LED lighting, professional security with six cameras, and freshly landscaped interlock steps.

Location highlights: Situated in Hintonburg, one of Ottawa's most vibrant and walkable urban neighbourhoods with a Walk Score of 90+, this property offers exceptional neighbourhood appeal. Residents enjoy immediate proximity to the O-Train LRT (Tunney's Pasture station), the Wellington West dining and shopping corridor, and Parkdale Market—Ottawa's largest outdoor farmers' market. Quick access to the Queensway and Highway 417 ensures convenient commuting for tenants and property management.

Strategic opportunity: The property sits on a generous 6,225 sq ft lot in N4B zoning (By-law No. 2026-50), positioning it favourably for future intensification or redevelopment should a buyer choose to pursue such opportunities. All six units are currently leased on month-to-month terms.