163 Norice Street

If you’re on the lookout for a fantastic opportunity in the heart of Ottawa, then this house for sale in Ottawa at 163 NE Norice Street NE could be just what you need. Nestled in the charming community of Meadowlands/Crestview, this detached 2-storey brick house is a real gem, offering a wealth of possibilities for both homeowners and investors alike.

This property boasts a generous lot size of approximately 103 feet by 146 feet, providing ample space for outdoor activities or future development. With a prime location at 163 NE Norice Street NE, Ottawa, you’ll find yourself conveniently situated near a variety of essential amenities. The area is well-connected, with easy access to schools, Algonquin College, public transport, shopping centres, parks, and recreational facilities. This makes the house for sale in Ottawa not only a comfortable living space but also a strategic investment for those looking to tap into the growing urban market.

Inside, the house features three spacious bedrooms and a den, making it perfect for families or those needing extra space for a home office or study. There are two bathrooms, ensuring convenience for all residents. The kitchen is well-equipped, with one main kitchen and an additional kitchen area, allowing for plenty of culinary creativity. With a total of seven rooms, including two additional rooms, there’s no shortage of space to make this house your own.

While the property does not come with a family room or a central vacuum system, it does feature central air conditioning to keep you cool during those warm summer months. The house is unfurnished, allowing you to personalise the space to your liking. The heating is provided by a forced air system, ensuring a cosy atmosphere during the chilly Ottawa winters.

The basement is partially finished and includes a walk-up, which could serve as a separate apartment, providing potential rental income or extra living space. This flexibility is particularly appealing for buyers interested in the investment potential of the house for sale in Ottawa.

Although there is no swimming pool or fireplace, the property offers a detached garage with space for one vehicle and additional parking for up to four cars. This is a significant advantage in a bustling area like Ottawa, where parking can often be a challenge. The lot is serviced by municipal water and sewer, providing peace of mind regarding essential utilities.

As you consider this house for sale in Ottawa, it’s important to note that development sites of this size and location are becoming increasingly rare. The zoning classification of N2E opens up a range of potential redevelopment opportunities for builders and developers looking to make their mark in a thriving community. Whether you’re looking to move in straight away, as the property can be purchased with tenants in place, or if you prefer vacant possession to start your own plans, the options are plentiful.

Buyers are encouraged to conduct their own due diligence regarding zoning regulations, permitted uses, and any necessary municipal approvals for redevelopment. The age of the property, between 51 to 99 years, adds a unique character and charm that new builds often lack.

In summary, this house for sale in Ottawa at 163 NE Norice Street NE is a rare find, offering a blend of comfortable living and exciting investment potential in a highly sought-after neighbourhood. Don’t miss out on this opportunity to secure a piece of Ottawa real estate that promises both immediate enjoyment and long-term value. Whether you’re a first-time buyer, a growing family, or an astute investor, this property is well worth a closer look.

The Meadowlands/Crestview area in Ottawa is a charming suburban neighbourhood that offers a delightful blend of tranquillity and convenience. Nestled amidst lush greenery and well-maintained parks, this community is ideal for families and individuals seeking a peaceful lifestyle while remaining close to urban amenities. The area boasts a variety of shopping options, schools, and recreational facilities, ensuring that all your daily needs are within easy reach. With its friendly atmosphere and strong sense of community, Meadowlands/Crestview provides a welcoming environment for new residents, making it a perfect place to call home in the vibrant city of Ottawa.

Schools in the Neighbourhood

This property is conveniently located near several reputable schools, catering to a range of educational needs. The nearest is St. Gregory School, a Catholic elementary school just 0.3 km away, offering English instruction for grades JK to 6, with a solid school rating of 7.4. Meadowlands Public School, also an elementary institution, is located 1.2 km away and offers both English and French language programs for grades JK to 6, rated at 4.2. For older students, Merivale High School, situated 1.8 km from the property, provides education for grades 7 to 12 and boasts a commendable rating of 8.1. Additionally, Agincourt Road Public School, located 2.2 km away, offers French instruction for grades JK to 8 and has a high rating of 8.4. Sir Robert Borden High School, 2.5 km away, serves grades 7 to 12 with a rating of 6.9. The area also features Frank Ryan Catholic Intermediate School and St. Paul High School, both offering Catholic education for older students. With a variety of options in close proximity, families will find excellent educational opportunities for their children.

Key Statistics of the Neighbourhood

The demographic profile of the area surrounding the property reveals a small community with a population of 654 residents and an average household size of 2.6. The average age of residents is 43.5 years, indicating a mature population. With an average household income of $100,000, the area exhibits a relatively affluent demographic, although 11.2% of the population falls within the low-income bracket. The housing market reflects this affluence, with an average property price of $680,000. The community has a diverse social fabric, with 44.25% of residents being single and 37.14% living in households with children. Additionally, 24.79% of the population are immigrants, contributing to the area's cultural diversity. Renting is common, with 25% of households classified as renters, and there are no condominiums present in the area. Education levels are high, with 60.36% of residents holding a college or university degree. However, a significant portion of the population, 37.84%, is not in the labor force, which may impact the local economy. Overall, this community presents a blend of stability, diversity, and educational attainment, making it an attractive location for potential homeowners.