502 - 179 George Street

Welcome to this immaculate 1-bedroom condo for sale in Ottawa , located at 179 George Street Lower Town Sandy Hill, Ottawa. This modern suite is situated in the highly sought-after East Market development, right at the corner of George and Cumberland, in the heart of the vibrant Byward Market. This location is perfect for both investors and first-time buyers, offering an exceptional opportunity to own a piece of this dynamic community.

As you step inside this stylish apartment, you will immediately appreciate the open-concept layout that maximises space and functionality. The hardwood flooring throughout adds a touch of elegance, while the full-height windows flood the living area with natural light, creating a warm and inviting atmosphere. The kitchen, conveniently located on the main level, features a 2022 stainless steel refrigerator, ensuring that you have modern appliances at your disposal. The seamless flow between the kitchen, dining, and living areas makes this condo for sale in Ottawa ideal for everyday living and entertaining guests.

Just off the living room, you will find a large balcony that is perfect for enjoying your morning coffee or taking in the stunning evening views of the city. This outdoor space enhances the overall living experience, providing a private retreat in the midst of the bustling Byward Market. The spacious primary bedroom is another highlight of this condo, complete with convenient in-suite laundry facilities and a well-appointed 4-piece ensuite bathroom.

This unit also includes one underground parking space, a highly desirable feature in such a central location, along with a storage locker for your convenience. Currently tenanted at $1,790 per month on a month-to-month basis, plus an additional $200 per month for parking (with a separate tenant), this property presents a fantastic investment opportunity. The tenants are happy to stay, providing excellent rental income potential, or vacant possession can be arranged if preferred.

The location of 179 George Street Lower Town Sandy Hill, Ottawa, cannot be overstated. You are just steps away from public transit, Parliament Hill, the Rideau Centre, the University of Ottawa, as well as a plethora of grocery stores, cafés, and restaurants. The Byward Market is renowned for its vibrant atmosphere and diverse offerings, making this condo for sale in Ottawa an ideal choice for those who appreciate city living.

In addition to its impressive features, this condo is equipped with central air conditioning, ensuring your comfort throughout the warmer months. However, it is important to note that there is no pool or fireplace in this unit, which may be a consideration for some buyers. The heating is provided by a forced air system, ensuring a cosy environment during the colder months.

With a total of four rooms, including the bedroom and bathroom, this condo for sale in Ottawa is designed for efficiency and ease of living. The unfurnished nature of the unit allows you to personalise the space to your taste, making it truly your own.

In summary, this exceptional 1-bedroom condo at 179 George Street Lower Town Sandy Hill, Ottawa, is a prime opportunity for both investors and first-time buyers alike. With its modern amenities, prime location, and excellent rental potential, it is not to be missed. Schedule your viewing today and discover the lifestyle that awaits you in this remarkable condo for sale in Ottawa. Please note that all offers will require a 24-hour irrevocable period. Additionally, some photos may have been taken before occupancy, while others were captured during the current tenancy.

Lower Town/Byward Market, located in the heart of Ottawa, is a vibrant and historic neighbourhood that beautifully blends urban living with a rich cultural tapestry. Renowned for its bustling market atmosphere, the Byward Market area is filled with an array of shops, cafes, and restaurants, offering a delightful culinary experience and a lively social scene. The cobblestone streets are lined with charming heritage buildings, creating a picturesque backdrop for both residents and visitors. With its proximity to the Rideau Canal and various parks, outdoor enthusiasts will find plenty of opportunities for recreation. Lower Town/Byward Market is not just a place to live; it is a dynamic hub that celebrates community spirit, arts, and diversity, making it an attractive choice for anyone looking to immerse themselves in the essence of Ottawa.

Schools in the Neighbourhood

This property is conveniently located near several educational institutions, making it an excellent choice for families. The closest school is York Street Public School, just 0.5 km away, offering elementary education (JK to 6) with a solid school rating of 5.2. For older elementary students, Glashan Public School is located 2.2 km away, though it currently holds a rating of 0. Nearby, Lisgar Collegiate Institute, a secondary school for grades 9 to 12, is only 0.9 km from the property and boasts a commendable rating of 7.9. Elgin Street Public School, situated 1.5 km away, provides a French-language curriculum for grades JK to 6 and has a strong rating of 7.5. Hopewell Avenue Public School, 3.9 km away, offers French education from JK to 8 and has an impressive rating of 9. Additionally, St. Brigid School, a Catholic elementary school located 2.0 km away, has a rating of 5.5, while Immaculata High School, also Catholic, is 2.2 km away and serves grades 7 to 12 with a rating of 5.8. Overall, this area offers a diverse range of quality educational options for children of all ages.

Key Statistics of the Neighbourhood

The area surrounding the property boasts a small population of 477 residents, with an average household size of 1.4 individuals. The demographic profile reveals a relatively young community, with an average age of 38.2 years. The average household income stands at $84,400, indicating a stable economic environment, although 12% of the population is classified as low-income. The real estate market reflects a median property price of $372,000, with a notable 100% of the housing stock consisting of condominiums. The community is predominantly single, with 64.84% of residents identifying as such, while only 11.76% of households include children. Additionally, 39.73% of residents are renters, highlighting a significant rental market. The area is also characterized by a diverse population, with 18.28% of residents being immigrants. Education levels are high, with 85.87% of the population holding a college or university degree. However, 16.3% of the residents are not part of the labor force, which may influence local economic dynamics. Overall, this community presents a unique blend of youthful energy, educational attainment, and a strong rental market, making it an attractive area for potential buyers and investors.