203 Belmont Avenue

Introducing an exceptional opportunity to acquire a Multi-Family Home for sale in Ottawa , located at 203 Belmont Avenue, Ottawa. This charming and well-maintained duplex is nestled in the desirable community of 4403 - Old Ottawa South, just a stone's throw away from the bustling Bank Street. With its prime location, this property is within walking distance to Lansdowne, the picturesque Rideau Canal, and the esteemed Carleton University, making it an ideal investment for both homeowners and investors alike.

The property at 203 Belmont Avenue, Ottawa, is a solid multiplex building that boasts a stylish two-storey design, constructed from durable brick. This Multi-Family Home for sale in Ottawa features a total of ten rooms, including four spacious bedrooms and two well-appointed bathrooms. The layout is perfect for those seeking a comfortable living arrangement, with the main floor unit offering high ceilings and an abundance of character. This unit also includes in-unit laundry facilities and provides access to a private rear yard, ideal for outdoor relaxation or entertaining guests.

The second unit of this Multi-Family Home for sale in Ottawa has been thoughtfully updated, showcasing a new kitchen and an updated bathroom, complete with in-unit laundry. Additionally, this unit features two private balconies, allowing for an enjoyable outdoor experience. Both units are unfurnished, providing a blank canvas for new owners to personalise their spaces to their liking.

Parking is not an issue with this property, as it offers two designated parking spaces, ensuring convenience for residents. Furthermore, the property is equipped with three hydro meters, making it easy to manage utilities for each unit separately. The heating system is a forced air type, and the home benefits from central air conditioning, ensuring comfort throughout the year.

While the basement remains unfinished, it presents an opportunity for potential expansion or additional storage. The lot measures 26 X 90 feet, providing ample outdoor space without the burden of additional land. Notably, this Multi-Family Home for sale in Ottawa does not include a garage or driveway, but the two parking spaces more than suffice for residents and guests.

In terms of amenities, this property is connected to municipal water and sewer systems, ensuring reliable services for its occupants. Internet access is also available, catering to the needs of modern living. However, it is important to note that there is no central vacuum system or swimming pool on the premises, which may be a consideration for some buyers.

The current rental income from this Multi-Family Home for sale in Ottawa is impressive, with the main floor unit generating $2,800 plus hydro per month, while the second-floor unit brings in $2,203 plus hydro per month. This makes the property not only a wonderful place to live but also a lucrative investment opportunity in one of Ottawa's most sought-after neighbourhoods.

In summary, 203 Belmont Avenue, Ottawa, presents a remarkable chance to own a Multi-Family Home for sale in Ottawa that combines character, location, and long-term potential. Whether you are looking to owner-occupy, co-own, or invest, this property offers the flexibility and charm that discerning buyers seek. Don’t miss out on this incredible opportunity to secure a piece of real estate in the vibrant community of Old Ottawa South. Contact us today to arrange a viewing and explore the possibilities that await at this remarkable address.

Old Ottawa South, designated as postal code 4403, is a charming and vibrant neighbourhood nestled along the banks of the Rideau River, just south of the city centre. Characterised by its tree-lined streets and a delightful mix of historic homes and modern residences, this community exudes a warm, welcoming atmosphere. Residents enjoy easy access to an array of local amenities, including quaint shops, cafés, and parks, making it an ideal place for families and individuals alike. The proximity to the river offers opportunities for outdoor activities such as cycling and walking along scenic pathways. With its strong sense of community spirit and rich cultural offerings, Old Ottawa South is a delightful place to call home.

Schools in the Neighbourhood

This property is conveniently located near several educational institutions, making it an ideal choice for families. Within a short distance, you will find Hopewell Avenue Public School, just 0.2 km away, offering French-language education for grades JK to 8 and boasting a commendable school rating of 8. First Avenue Public School and Corpus Christi School are both within 1.4 km and 1.2 km respectively, providing English-language education for grades JK to 6, with ratings of 7.1 and 5.9. For secondary education, Glebe Collegiate Institute, located 1.5 km away, serves grades 9 to 12 with a solid rating of 7.7. Immaculata High School, a Catholic institution, is also within 1.9 km, catering to grades 7 to 12 and holding a rating of 7.4. Additionally, R.H. Murray Public School is situated 2.0 km away, although it currently has a rating of 0. Overall, the proximity to a diverse range of schools, including both public and Catholic options, offers families ample choices for quality education in the area.

Key Statistics of the Neighbourhood

The area surrounding the property boasts a small population of 522 residents, with an average household size of 2.5. The demographic profile indicates a mature community, with an average age of 42.6 years. The economic landscape is robust, highlighted by an impressive average household income of $272,000, and a low percentage of low-income households at just 2%. The average property price in the area stands at $1,220,000, reflecting the affluent nature of the community. A significant portion of the population, 32.56%, is single, while nearly half (48.39%) of households include children, suggesting a family-friendly environment. The community is diverse, with 18.45% of residents being immigrants, and a small percentage of renters at 15.91%. Notably, there are no condominiums in the area, indicating a preference for single-family homes. Education is highly valued, with 84.15% of residents holding a college or university degree. However, a substantial 39.02% of the population is not in the labor force, which may reflect various lifestyle choices or retirement status. Overall, this area presents a unique blend of affluence, education, and family-oriented living.