1554 Baseline Road

Introducing an incredible investment opportunity in the heart of Ottawa! This remarkable house for sale in Ottawa , located at 1554 Baseline Road, is a well-maintained all-brick bungalow that boasts a legal secondary unit, making it an ideal choice for savvy investors. With a prime rental location, this property generates an impressive cash flow of over £6,200 per month, making it a lucrative addition to any portfolio.

Situated in the desirable community of 7301 - Meadowlands/St. Claire Gardens, this detached house features a total of eight rooms, including three spacious bedrooms in the upper unit and a unique lower unit that also offers three bedrooms, each equipped with its own wet bar and full ensuite bathroom. The upper unit comprises a large living room, an updated kitchen, and a four-piece bathroom, providing a comfortable living space for tenants. The lower level apartment is designed for optimal functionality, featuring a common full kitchen and three generously sized bedrooms, which together bring in nearly £3,800 per month in rental income. This house for sale in Ottawa is truly a turn-key investment property, allowing you to enjoy great cash flow while the value of your land continues to appreciate.

The property, located at 1554 Baseline Road, Ottawa, sits on a generous lot measuring 50 feet by 98 feet, offering fantastic future development potential. With the new proposed zoning of MS2 (Mainstreet Zone 2), there is an opportunity to build a large multi-unit mixed-use building, making this a strategic investment for the future. The absence of a pool, fireplace, and central vacuum system does not detract from the property's appeal; rather, it allows for a more straightforward maintenance experience, ensuring that your investment remains hassle-free.

For those who prioritise convenience, this house for sale in Ottawa is perfectly positioned with bus services right at your doorstep. It is merely a short walk to Algonquin College and all the amenities that College Square and Merivale Road have to offer. The accessibility to the highway also ensures easy commuting by car, bus, or bike, making it an attractive location for potential tenants.

This bungalow features central air conditioning, ensuring a comfortable environment year-round, while the forced air heating system provides efficient warmth during the colder months. The property is connected to municipal water and sewer systems, adding to its appeal as a low-maintenance investment. Although the house is unfurnished, this allows new owners the flexibility to furnish the space according to their preferences or those of their tenants.

Parking is not an issue, as the property accommodates up to six vehicles, making it ideal for families or groups of tenants. While there is no garage or driveway, the ample parking space ensures that residents and guests can easily access the property without any hassle.

In summary, this house for sale in Ottawa at 1554 Baseline Road is an exceptional investment opportunity that should not be overlooked. With its prime location, impressive rental income potential, and future development possibilities, it stands out as a valuable asset in the ever-growing Ottawa real estate market. Don’t miss your chance to secure this remarkable property and watch your investment flourish in the years to come! Whether you are a seasoned investor or looking to make your first foray into property ownership, this house for sale in Ottawa is the perfect choice for you.

The Meadowlands/St. Claire Gardens area in Ottawa offers a charming blend of suburban tranquillity and convenient urban living. Nestled amidst lush greenery and well-maintained parks, this neighbourhood boasts a family-friendly atmosphere with a variety of amenities, including shopping centres, schools, and recreational facilities. Residents enjoy easy access to public transport and major roadways, making commuting a breeze. The community is characterised by its diverse housing options, from spacious single-family homes to modern townhouses, catering to a range of lifestyles. With its welcoming vibe and vibrant local culture, Meadowlands/St. Claire Gardens is an ideal choice for those seeking a peaceful yet connected place to call home.

Schools in the Neighbourhood

This property is conveniently located near several reputable schools, making it an ideal choice for families. Within a short distance, you’ll find Meadowlands Public School (1.7 km) and D. Roy Kennedy Public School (2.1 km), both of which are well-rated elementary schools under the Ottawa-Carleton District School Board, offering English language instruction for grades JK to 8. Agincourt Road Public School, just 0.7 km away, provides a French immersion program and boasts an impressive rating of 8.4. For older students, Merivale High School (2.2 km) offers grades 7 to 12 with a strong rating of 8.1. Additionally, the property is near Sir Robert Borden High School (4.1 km), which also offers French instruction for secondary students. For those interested in Catholic education, St. Daniel School (1.5 km) and Frank Ryan Catholic Intermediate School (1.9 km) provide options for younger students, while Notre Dame High School (2.3 km) serves grades 7 to 12. Overall, the area is rich in educational opportunities, ensuring a supportive environment for your children’s academic growth.

Key Statistics of the Neighbourhood

The demographic profile of the area surrounding the property reveals a small population of 589 residents, with an average household size of 2.6. The community is relatively young, with an average age of 38.2 years. Economic indicators show a robust average household income of $109,000, with only 5.6% of the population classified as low-income. The average property price in the area stands at $590,000, reflecting a stable real estate market. A significant portion of the population is single, comprising 57%, while households with children account for 44.44%. The area is also home to a diverse community, with 19.09% of residents being immigrants. Renters make up 40.48% of the population, indicating a healthy rental market, although there are no condominiums available. Education levels are notably high, with 65.63% of residents holding a college or university degree. However, a considerable portion of the population, 35.42%, is not actively participating in the labor force. Overall, this demographic snapshot suggests a well-educated, economically stable community with a mix of families and single individuals.