Homes for sale in Ottawa East Area1:
Vanier, Overbrook and Castle Heights
244, 250, 256, 258 HANNAH STREET
3402 - Vanier
Ottawa
K1L 7N2
$2,822,000
Multi-family
5,908 sq. ft.
- Status:
- Active
- Prop. Type:
- Multi-family
- MLS® Num:
- X12348278
- Photos (32)
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Own the Block!!! Prime Vanier-North Land Assembly with Exceptional Income & Redevelopment Potential. A rare and strategic opportunity to secure four side-by-side multi-family parcels at 244, 250, 256 & 258 Hannah Street in Ottawa's rapidly evolving Vanier-North. Together, they span approximately 18,100 sq. ft. with an impressive 181 feet of frontage just steps from the revitalized Montreal Road corridor. Currently improved with a legal duplex and three legal triplexes, the site delivers 11 fully tenanted units producing $233,700 in gross annual rent and $156,058 NOI. Suites range from bachelors to spacious 4-bedroom layouts, providing strong, diversified rental appeal. The property features a large paved parking lot between 250 & 256 Hannah and over 24 on-site parking spaces, a rare commodity in the core. Two detached garages add valuable storage income potential and are currently owner-occupied. Zoned R4UA-c, the site is primed for higher-density redevelopment. For visionary investors, theres the potential to expand further by incorporating adjacent 242 Hannah (50-foot lot) and 232-234 Hannah (MLS# X12314321, 40-foot lot), creating a contiguous 270-foot frontage and approximately 27,100 sq. ft. redevelopment footprint. This is an unmatched opportunity to hold for income, improve for stronger returns, or redevelop at scale in Ottawa's urban core. Assemblies of this size, zoning, and location rarely come to market and when they do, they don't last long. The possibilities are endless, secure your stake in Vanier's transformation today. (id:2493)
- Property Type:
- Multi-family
- Property Attached:
- Yes
- Total Living Area:
- 5,908 sq. ft.549 m2
- Zoning:
- R4UA-c
- Taxes:
- $20,540 / -
- Community:
- 3402 - Vanier
- Major Business Type:
- Residential
- Structure Type:
- Multi-Family
- Cooling:
- Partially air conditioned
- Fireplace:
- No
- Heating:
- Other
- Water:
- Municipal water
- Lot Frontage:
- 181'55.2 m
- Lot Details:
- 181 x 100 FT
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Listed by ROYAL LEPAGE TEAM REALTY
Data was last updated September 1, 2025 at 08:15 PM (UTC)
Area Statistics
- Listings on market:
- 28
- Avg list price:
- $1,343,944
- Min list price:
- $574,900
- Max list price:
- $3,000,000
- Avg days on market:
- 75
- Min days on market:
- 5
- Max days on market:
- 200
- Avg price per sq.ft.:
- $358.37
These statistics are generated based on the current listing's property type
and located in
3402 - Vanier. Average values are
derived using median calculations. This data is not produced by the MLS® system.
- RITA FUNG
- KELLER WILLIAMS INTEGRITY REALTY
- 613-720-0808
- ritafung@kw.com
- Tamara Villanyi Bokor
- Keller Williams Integrity Realty
- 613-796-9436
- tamaratheagent@gmail.com

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