1008 ST. LAURENT Boulevard

Nestled in the heart of Ottawa, at the esteemed address of 1008 St. Laurent Boulevard, this remarkable Multi-Family Home for sale in Ottawa presents an exceptional investment opportunity. This fully renovated, semi-detached multiplex boasts a 7.15% cap rate, making it an attractive prospect for both seasoned investors and those looking to enter the multi-family market. The property has undergone significant enhancements, with approximately $400,000 invested in capital improvements that elevate its appeal and functionality.

The building, styled as a two-storey multiplex, features a charming exterior of aluminium siding and brick, ensuring both durability and aesthetic appeal. With a generous lot size of 34 by 124 feet, this property offers ample space for its residents. The layout includes a total of 13 rooms, thoughtfully designed to accommodate various living arrangements. This Multi-Family Home for sale in Ottawa comprises four bedrooms, two dens, and five bathrooms, catering to the diverse needs of its tenants.

At 1008 St. Laurent Boulevard, Ottawa, the property features three kitchens, including two additional kitchens, which provide convenience and flexibility for its residents. Each unit has been modernised with quality finishes, ensuring long-term durability and tenant appeal. The interiors have been meticulously upgraded, addressing major systems such as electrical, plumbing, and insulation, which minimises future maintenance costs. Notably, the property does not include a central vacuum system or a family room, but it compensates with its spacious layout and well-designed units.

While the property does not feature a pool or a fireplace, it does offer the essential amenities for comfortable living. The heating system is powered by forced air, and the home is connected to municipal water and sewer services. Although there is no air conditioning, the layout and design of the units ensure a pleasant living environment. Internet access is available, allowing residents to stay connected in today’s digital age.

The basement of this Multi-Family Home for sale in Ottawa has been finished and includes an apartment, adding to the overall living space and potential rental income. With parking available for up to seven vehicles, the property is well-equipped to accommodate the needs of its residents, making it an attractive option for those seeking convenience in urban living.

Located in the vibrant community of Overbrook/Castle Heights, this property is ideally situated near essential amenities and public transport links, enhancing its appeal to potential tenants. The landlord covers all utilities except for laundry and internet, which simplifies the management of the property and ensures a steady cash flow. With a net operating income of $82,196, this investment promises a solid return in a market where stability and performance are paramount.

Whether you are looking to expand your portfolio or are new to the multi-family sector, this Multi-Family Home for sale in Ottawa is an opportunity not to be missed. The investment package available includes a detailed rent roll and information on capital improvements, providing transparency and confidence in your investment decision.

In summary, 1008 St. Laurent Boulevard, Ottawa, is a turnkey asset that has been thoughtfully renovated and is ready for immediate occupancy. With its strategic location, modern amenities, and strong cash flow potential, this property stands out as a prime investment opportunity in the competitive Ottawa market. Don’t hesitate to explore this exceptional Multi-Family Home for sale in Ottawa; it may just be the perfect addition to your investment portfolio.

Overbrook/Castle Heights is a charming and vibrant neighbourhood nestled in the heart of Ottawa, offering a delightful blend of urban convenience and suburban tranquillity. This area is characterised by its tree-lined streets, well-maintained parks, and a diverse array of housing options, making it an appealing choice for families, professionals, and retirees alike. Residents enjoy easy access to local amenities, including shops, schools, and recreational facilities, while the nearby Rideau River provides opportunities for outdoor activities. With its welcoming atmosphere and strong sense of community, Overbrook/Castle Heights is an ideal location for those seeking a balanced lifestyle in Canada’s capital city.

Schools in the Neighbourhood

This property is conveniently located near several educational institutions, making it an ideal choice for families. Within a short distance, you will find Queen Mary Street Public School, just 0.4 km away, offering elementary education from JK to 6 with a school rating of 1.9. Slightly further, at 1.1 km, is Queen Elizabeth Public School, which serves grades JK to 8 and boasts a higher rating of 3.9. For secondary education, Hillcrest High School is located 3.3 km away, rated at 5.7, while Immaculata High School, a Catholic institution, is 3.7 km from the property, rated at 5.8. Additional options include Manor Park Public School and Vincent Massey Public School, both offering French-language education and rated 6.0 and 6.9, respectively, located 2.8 km and 3.0 km away. St. Michael School, a Catholic elementary school, is also nearby at 0.7 km with a rating of 3.3. This diverse range of schools provides excellent educational opportunities for children of all ages, ensuring a supportive and enriching environment for families.

Key Statistics of the Neighbourhood

The area surrounding the property has a population of 672 residents, with an average household size of 2.6 individuals. The demographic profile reveals an average age of 41.6 years, indicating a mature community. The average household income stands at $106,000, reflecting a relatively affluent neighborhood, although 11.6% of the population is classified as low-income. The average home price in the area is $576,000, suggesting a competitive real estate market. A significant portion of the population, 43.75%, is single, while 34.21% of households include children, highlighting a diverse family structure. Additionally, 33.85% of residents are immigrants, contributing to the area's cultural richness. Renters make up 38.46% of the population, indicating a balanced mix of homeowners and tenants, with no condominiums present in the area. Education levels are notably high, with 59.46% of residents holding a college or university degree. However, a considerable 37.84% of the population is not in the labor force, which may influence local economic dynamics. Overall, this community presents a blend of diversity, education, and economic potential, making it an attractive location for prospective homeowners and investors alike.