1415 Larose Avenue

Introducing a remarkable investment opportunity, this Multi-Family Home for sale in Ottawa is located at 1415 Larose Avenue, Ottawa. Nestled in the thriving community of Carlington, this exceptional multiplex is designed for those seeking a profitable venture in the property market. With a building style that spans three storeys and a sturdy brick front exterior, this property stands out as a true cash cow, making it an ideal choice for both seasoned investors and first-time buyers.

This Multi-Family Home for sale in Ottawa boasts a generous layout, featuring a total of nine rooms, including five spacious bedrooms and two additional dens, perfect for home offices or guest accommodations. With four bathrooms and two kitchens, this property is well-equipped to cater to the needs of multiple families or tenants, ensuring a comfortable living environment for all. The additional kitchen further enhances the functionality of this home, making it an attractive option for those looking to maximise rental income.

Situated on a 75 x 98 feet lot, the property also includes an attached garage with space for two vehicles, as well as a private lane driveway that can accommodate up to six parking spaces. This feature is particularly beneficial in a bustling area like Ottawa, where parking can often be a challenge. While this Multi-Family Home for sale in Ottawa does not include a pool or fireplace, it offers central air conditioning to keep residents cool during the warmer months, ensuring a pleasant living experience year-round.

The property is unfurnished, allowing new owners the freedom to personalise the space to their liking. The finished basement, which includes a walk-out apartment, adds an extra layer of versatility to the property, providing potential for additional rental income or a private living space for family members. The absence of a central vacuum system does not detract from the overall appeal, as the home is designed for easy maintenance and management.

Located close to the Civic Hospital and some of the best high schools in Ottawa, this Multi-Family Home for sale in Ottawa is ideally positioned for attracting responsible tenants. Currently fully occupied with vetted tenants, the property generates a gross income of $70,428, with the potential for market rent exceeding $75,000. The leasing structure is flexible, with the lower unit on a month-to-month lease starting June 1st, the mid-unit also on a month-to-month lease, and the upper unit secured with a brand-new lease. This flexibility provides new owners with a stable income stream and the opportunity for future growth.

Financially, this property is robust, with expenses including heat at £2,161, hydro at £2,054, water at £2,673, and insurance at £3,494. The low operating costs combined with the strong rental income ensure positive cash flow from day one, making this Multi-Family Home for sale in Ottawa a rock-solid addition to any investment portfolio. Whether you are looking to move in and cover your expenses or seeking a well-maintained, easy-to-manage property, this triplex checks all the boxes.

The age of the property, ranging from 51 to 99 years, adds character and charm, making it a unique find in the Ottawa real estate market. With no additional land to worry about, potential buyers can focus on maximising the income-generating capabilities of this property.

In conclusion, 1415 Larose Avenue, Ottawa, offers an exceptional opportunity for investors looking for a Multi-Family Home for sale in Ottawa. With its prime location, strong financials, and flexible leasing options, this property is not to be missed. Contact us today to schedule a private showing and explore the potential that this outstanding triplex has to offer!

Carlington, located in the heart of Ottawa, is a charming and well-established neighbourhood that offers a unique blend of urban convenience and suburban tranquillity. Characterised by its tree-lined streets and a mix of residential homes, including bungalows and townhouses, Carlington provides a welcoming atmosphere for families and individuals alike. The area boasts easy access to parks, recreational facilities, and local shops, making it an ideal place for those who appreciate a community-oriented lifestyle. With its proximity to major roadways and public transport, residents can enjoy a seamless commute to downtown Ottawa while relishing the peaceful surroundings that Carlington has to offer.

Schools in the Neighbourhood

This property is conveniently located near several reputable schools, making it an ideal choice for families. Within just 0.4 km, St. Elizabeth School offers a Catholic education for grades JK to 6, with a school rating of 5.1. For those seeking public schooling, W.E. Gowling Public School, located 0.7 km away, provides both English and French instruction for grades JK to 6, boasting a rating of 4.1. Broadview Avenue Public School, situated 1.6 km from the property, serves grades JK to 8 in both English and French, and has a higher rating of 7.3. For secondary education, Nepean High School is 1.8 km away, offering grades 9 to 12 with an impressive rating of 8.2. Additionally, Notre Dame High School, 1.5 km from the property, caters to grades 7 to 12 in a Catholic setting, with a rating of 5.4. With a variety of educational options in close proximity, parents will find excellent opportunities for their children’s education, whether they prefer public or Catholic schooling, and in both English and French languages.