A & B - 116 Cambridge Street N

Introducing a remarkable opportunity: a Multi-Family Home for sale in Ottawa , located at 116 Cambridge Street N, Ottawa. This exceptional property features two full homes, front to back, semi-detached on one lot, designed to offer unique urban living or investment flexibility. The potential here is immense; whether you choose to maintain it as a rental property or explore options such as multigenerational living or owner occupancy, this property caters to a variety of needs.

At 116 Cambridge Street N, Ottawa, the first unit, known as Unit A, is the original home, beautifully restored in approximately 2005. This charming residence combines historic character with modern comforts, boasting 2 bedrooms and 2 full bathrooms. The inviting layout is enhanced by stunning hardwood floors, a contemporary kitchen, and updated bathrooms, creating a warm and welcoming atmosphere. Currently, Unit A is tenanted on a month-to-month basis at a rental rate of £1,754.34 plus utilities, making it an attractive option for investors seeking immediate income.

In contrast, Unit B, the rear home, constructed in 2005, offers a strikingly modern aesthetic with its light-filled, three-storey design. This unit features 3 bedrooms and 3 bathrooms, showcasing contemporary finishes that are sure to impress. The hardwood flooring, wide tread maple stairs, and sleek kitchen contribute to a sophisticated living experience. With private access to a backyard retreat, Unit B is a perfect sanctuary for relaxation. Currently, this unit is also tenanted on a month-to-month basis at a rental rate of £2,836.69 plus utilities, further enhancing the investment potential of this Multi-Family Home for sale in Ottawa.

The property at 116 Cambridge Street N, Ottawa, is not just about the homes themselves; it also includes a detached one-car garage and convenient laneway parking for up to three vehicles. This feature is particularly valuable in urban settings where parking can often be a challenge. The property benefits from a partial basement, providing additional storage space, although there is no central vacuum system or family room included.

The location of this Multi-Family Home for sale in Ottawa is equally impressive. Situated in the vibrant community of 4204 - West Centre Town, the property has recently benefited from Cambridge North's streetscape renewal, which enhances its curb appeal with a park-like front yard and one-way access to Somerset. This revitalisation adds to the overall charm of the area, making it an even more desirable place to live.

In terms of amenities, this property is equipped with central air conditioning, ensuring comfort during the warmer months. While there is no swimming pool on the premises, the presence of a fireplace adds a touch of warmth and character, perfect for those cooler evenings. The home is unfurnished, allowing new owners or tenants to personalise the space to their liking.

With a lot size of 33 x 99 feet, this Multi-Family Home for sale in Ottawa offers ample outdoor space, ideal for gardening or simply enjoying the fresh air. The age of the property, between 16 to 30 years, means that it has been well-maintained and modernised, providing a blend of contemporary living with the charm of a well-established neighbourhood.

In conclusion, 116 Cambridge Street N, Ottawa, is more than just a house; it is a versatile package that offers income potential, modern comforts, and urban convenience in one of Ottawa's most dynamic neighbourhoods. With incredible walkability to local favourites, including the delightful Drip House for your morning coffee, this property is perfectly positioned to enjoy all that the vibrant community has to offer. Don’t miss the chance to explore this exceptional Multi-Family Home for sale in Ottawa, where investment opportunities and comfortable living converge seamlessly.

West Centre Town, nestled in the heart of Ottawa, offers a vibrant blend of urban living and historic charm. This diverse neighbourhood is characterised by its tree-lined streets, a mix of architectural styles, and proximity to the bustling downtown core. Residents enjoy easy access to an array of amenities, including local shops, cafes, and parks, making it an ideal spot for those who appreciate a lively atmosphere while still having the tranquillity of green spaces. With its rich cultural scene and strong sense of community, West Centre Town is a welcoming place for newcomers looking to immerse themselves in the dynamic life of Canada’s capital.

Schools in the Neighbourhood

This property is conveniently located near several educational institutions, making it an ideal choice for families. Within a short distance of 1.1 km, you will find R.H. Murray Public School, which offers grades K to 8 under the Rainbow District School Board. Additionally, Devonshire Community Public School, also 1.1 km away, provides a French-language curriculum for students from JK to 6 and boasts an impressive school rating of 8.5. For secondary education, Glebe Collegiate Institute, located 1.4 km away, serves grades 9 to 12 and has a solid rating of 7.7. Other nearby schools include St. Anthony School, a Catholic institution just 0.6 km from the property, offering grades JK to 6 with a rating of 7.5, and Immaculata High School, which caters to grades 7 to 12 and is 2.2 km away. Fisher Park Public School, located 2.5 km away, serves grades 7 to 8 in French but currently holds a rating of 0. Overall, the area is well-served by a variety of public and Catholic schools, providing excellent educational options for children of all ages.

Key Statistics of the Neighbourhood

The demographic profile of the area surrounding the property reveals a small population of 699 residents, with an average household size of 1.5. The community has a median age of 44.8 years and an average household income of $63,000. Notably, 25.8% of the population is classified as low-income, and a significant portion, 74.05%, are single individuals. Households with children make up only 19.05% of the population, indicating a predominantly adult demographic. The area is characterized by a high percentage of renters, at 81.61%, and condos represent 13.79% of housing options. Additionally, 23.97% of residents are immigrants, contributing to the area's diversity. Educational attainment is high, with 65.83% of the population holding a college or university degree. However, a considerable 45.83% of residents are not in the labor force, which may reflect various factors including retirement or other personal circumstances. The average property price in the area stands at $420,000, suggesting a relatively stable real estate market. Overall, this demographic snapshot highlights a unique blend of single adults, educationally inclined residents, and a significant rental market.