111 Guigues Avenue

If you're on the lookout for a fantastic investment opportunity, then look no further than this Multi-Family Home for sale in Ottawa , located at 111 Guigues Avenue, Ottawa. This charming multiplex, nestled in the vibrant community of Lower Town/Byward Market, offers an incredible chance to either rebuild or renovate in a highly sought-after area. With its prime location, this property is perfect for investors keen on tapping into the strong rental income potential that this area has to offer.

The building itself is a two-storey brick structure, which boasts a total of seven spacious bedrooms and three bathrooms across three well-configured units. The ground-level Unit 109 features three bedrooms and one bathroom, providing ample space for tenants or family members. Meanwhile, the second level is home to two separate units, Unit 111 and Unit 107, each equipped with two bedrooms and one bathroom. This layout not only maximises the living space but also enhances the overall appeal of this Multi-Family Home for sale in Ottawa, making it an attractive option for potential renters.

One of the standout features of this property is its efficient setup, which includes three hydro meters and three water meters, ensuring that utility costs are managed effectively. Additionally, the property comes with a new owned boiler and hot water tank, set to be installed by October 2024, which adds to the overall value and convenience for future occupants. Although there is no central vacuum system or air conditioning, the radiant heating throughout the property ensures a warm and comfortable environment during the colder months.

As you explore the exterior of this Multi-Family Home for sale in Ottawa, you'll notice that it sits on a generous lot measuring 34 X 102 feet. The property features a private driveway with parking space for up to three vehicles, which is a rare find in such a central location. While there is no garage or pool on the premises, the full, unfinished basement provides ample storage space and presents a fantastic opportunity for future development or renovations.

Situated at 111 Guigues Avenue, Ottawa, this property is ideally located near a plethora of shops, cafés, and restaurants, making it a hotspot for tenants seeking convenience and accessibility. The vibrant atmosphere of the Lower Town/Byward Market community further enhances the appeal of this Multi-Family Home for sale in Ottawa, ensuring that it will attract a steady stream of potential renters.

For those interested in the financial aspects, operating income and expense details are available upon request, providing transparency and insight into the investment potential of this property. With plans and city building permits already in hand, this is an ideal opportunity for renovators ready to move quickly and make their mark on a property that has so much to offer.

In summary, if you're in the market for a solid and versatile investment opportunity, this Multi-Family Home for sale in Ottawa at 111 Guigues Avenue, Ottawa, is not to be missed. With its spacious layout, prime location, and strong rental income potential, this property is a fantastic addition to any investor's portfolio. Don't let this rare opportunity pass you by—get in touch today to learn more about this exceptional property!

Lower Town/Byward Market is a vibrant and historic neighbourhood in Ottawa, renowned for its lively atmosphere and rich cultural tapestry. Nestled just east of the Rideau Canal, this area boasts a charming blend of cobblestone streets, eclectic shops, and an array of dining options, from quaint cafés to trendy restaurants. The Byward Market itself is a bustling hub, featuring a daily farmers' market, artisanal stalls, and a variety of events throughout the year, making it a focal point for both locals and visitors. With its proximity to major attractions such as the National Gallery of Canada and Parliament Hill, as well as a strong sense of community spirit, Lower Town/Byward Market offers an enticing urban lifestyle that balances historic charm with modern conveniences, perfect for those seeking a dynamic place to call home.

Schools in the Neighbourhood

This property is conveniently located near several educational institutions, making it an excellent choice for families. The closest option is York Street Public School, an elementary school offering grades JK to 6, situated just 0.9 km away with a school rating of 5.2. For older elementary students, Glashan Public School is 2.5 km from the property, although it currently has a school rating of 0. Lisgar Collegiate Institute, a secondary school for grades 9 to 12, is located 1.3 km away and boasts a strong rating of 7.9. Elgin Street Public School, another elementary option, is 1.8 km away and offers French immersion for grades JK to 6, with a solid rating of 7.5. Hopewell Avenue Public School, also offering French immersion for grades JK to 8, is slightly farther at 4.3 km, and has an impressive rating of 9. For those seeking a Catholic education, St. Brigid School is 2.0 km away for grades JK to 6, rated at 5.5, while Immaculata High School serves grades 7 to 12 at a distance of 2.6 km, with a rating of 5.8. Overall, the area offers a diverse range of schooling options, catering to various educational preferences.