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Investment Highlights

  • Prime Centretown location near Bank & Elgin Streets
  • Excellent transit access and bike-friendly area
  • Strong short-term rental potential
  • Walk Score 100: shops, dining, and entertainment steps away
  • Recent exterior restoration for durability

Executive Summary

This property offers a rare opportunity in Ottawa’s sought-after Centretown neighborhood. Ideal for investors or developers, the building combines historic charm with modern updates, including recent exterior improvements. Its central location ensures excellent walkability and access to transit, dining, and cultural attractions.

Property Facts

Sale Type Investment
No. Units 8
Property Type Multifamily
Property Subtype Apartment
Building Class B
Building Size 6,099 SF
No. Stories 3
Year Built 1950
Parking Ratio 1.31/1,000 SF

Amenities

Unit Amenities

  • Balcony

Site Amenities

  • 24 Hour Access
  • Controlled Access
  • Security System
  • Vintage Building
  • Walking/Biking Trails
  • Public Transportation
Walk Score®
Walker's Paradise (100)
Transit Score®
Rider's Paradise (92)
Bike Score®
Biker's Paradise (99)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
  • Listing ID: 38622329

  • Date on Market: 2025-12-02

  • Last Updated:

  • Address: 255 Nepean St, Ottawa, ON K2P 0B7

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