178 Main Street, Ottawa, photo 1 1 / 24

$3,500,000

178 Main Street

Ottawa East, Ottawa, ON K1S1C2 · MLS® X13083828

  • 4Bedrooms
  • 4Bathrooms

About this property

Unique opportunity for residential and commercial ownership in Old Ottawa East. 178 Main Street offers three self-contained units: a two-level 3-bed, 3-bath residence (Unit B), a one-bedroom apartment (Unit C), and a spacious commercial unit (Unit A), currently leased by Vespa Wine Bar. Unit B spans approx. 2,805 sq. ft. across two levels with multiple balconies and a large west-facing cedar terrace. The main floor features two living areas, a gourmet kitchen with a statement island and high-end appliances, a full bath with laundry, plus massive windows which lead to an expansive terrace with retractable awning, outdoor kitchen, hot tub, wet bar, and sink. Upstairs includes three bedrooms, including a primary suite with walk-in closet, spa-inspired ensuite, and private balcony, plus a full additional bath. Unit C is a bright open-concept apartment with a gas fireplace, built-in bedroom closet, and den ideal for a home office. The kitchen includes stainless steel appliances, ample counter space, and a peninsula with seating, along with in-floor heating in the kitchen and bath, in-unit laundry, a private deck, and heat pump heating and cooling. Unit A offers prime commercial space suited to retail, restaurant, or professional use, with high ceilings, garage-style front, patio potential, separate HVAC and utilities, and lower-level space. Extensive soundproofing has been added to Unit A, along with a stone wall separating it from Unit C. All units have been previously rented, offering strong income potential. Don't miss this exceptional opportunity in one of Ottawa's most sought-after neighbourhoods. (id:65933)

Type
Other
Category
Single Family
Annual taxes
$19,235
Updated
Jul 16, 2026

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Estimate only, not financial advice. Rent is reduced by vacancy, then management is taken on the rent collected; net operating income = that, less property tax and other costs; cap rate = net operating income ÷ price; cash flow also subtracts the mortgage (semi-annual compounding, as Canadian mortgages use). Vacancy default: CMHC Rental Market Report, Ottawa, October 2025.

Listed by Engel & Volkers Ottawa.

Listing data provided by REALTOR.ca DDF® and owned by The Canadian Real Estate Association (CREA). Deemed reliable but not guaranteed.

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