208 Clarence Street

If you’re on the lookout for a fantastic investment opportunity, look no further than this Multi-Family Home for sale in Ottawa , located at 208 Clarence Street, Ottawa. This impressive brick multiplex is nestled in the vibrant community of 4001 - Lower Town/Byward Market, making it a prime spot for anyone wanting to enjoy the best of what Ottawa has to offer. With the potential to live in one unit while collecting rent from the other three, or simply adding a cashflow-positive property to your investment portfolio, this is a chance you won’t want to miss.

This Multi-Family Home for sale in Ottawa boasts four spacious bedrooms and four bathrooms, making it ideal for families or groups of tenants. Each unit features its own kitchen, with a total of four kitchens available, allowing for convenience and independence. Although there is no den or additional rooms, the 17 total rooms provide ample space for comfortable living. The property is unfurnished, giving you the freedom to style it as you wish.

The exterior of the building combines classic brick with modern metal/steel siding, presenting a charming façade that fits perfectly into the character of the ByWard Market area. The property is situated on a lot measuring 25 X 99 feet, offering a sizeable backyard that serves as a private oasis for tenants. While there’s no pool or garage space, the outdoor area is perfect for enjoying the fresh air or hosting small gatherings. The absence of a driveway and parking space may be a consideration, but the location is ideal for those who enjoy walking or using public transport.

Inside, the units are equipped with window air conditioning units to keep you cool during the warmer months, and the radiant heating system ensures warmth during the chilly Ottawa winters. A lovely fireplace adds a touch of warmth and character to the living spaces, making it a cosy retreat. The basement is currently unfinished, providing potential for further development or storage.

One of the standout features of this Multi-Family Home for sale in Ottawa is its impressive rental income potential. With all units currently tenanted, this property is already generating income, making it an ideal addition to any investment portfolio. The property also benefits from municipal water and sewer services, ensuring that all essential utilities are readily available.

The location of 208 Clarence Street, Ottawa, is simply unbeatable. Just a stone’s throw away from trendy shops, cafes, restaurants, and cultural attractions, this property offers both convenience and lifestyle. The bustling ByWard Market is known for its vibrant atmosphere, and living here means you’ll be at the heart of it all. Additionally, the stunning rooftop patio provides a perfect space for entertaining or simply unwinding while enjoying the views of the lively market below.

In summary, this Multi-Family Home for sale in Ottawa at 208 Clarence Street, Ottawa, is a remarkable investment opportunity that combines modern living with classic charm. With four bedrooms, four bathrooms, and four kitchens, it offers the perfect setup for tenants or a family looking to live in one unit and rent out the others. Don’t miss out on this chance to own a piece of the ByWard Market community. Whether you’re an experienced investor or a first-time buyer, this property has something to offer everyone. Seize the opportunity and make this Multi-Family Home for sale in Ottawa your next great investment!

Lower Town/Byward Market is a vibrant and historic neighbourhood in Ottawa, renowned for its lively atmosphere and rich cultural heritage. Nestled just east of the Rideau Canal, this area boasts a delightful mix of cobblestone streets, charming boutiques, and an array of cafés and restaurants that reflect its diverse culinary scene. The Byward Market itself is a bustling hub, offering fresh produce, artisanal goods, and local crafts, making it a perfect spot for both leisurely strolls and social gatherings. With its proximity to key attractions such as the National Gallery of Canada and the Rideau Centre, as well as its easy access to public transport, Lower Town/Byward Market presents an ideal blend of urban convenience and community spirit, making it a desirable place for any potential resident.

Schools in the Neighbourhood

This property is conveniently located near several reputable schools, making it an ideal choice for families. The closest option is York Street Public School, just 0.5 km away, offering elementary education from JK to grade 6 with a school rating of 5.2. For older elementary students, Glashan Public School, located 2.4 km away, serves grades 7 and 8 but has a low rating of 0. Secondary education is provided by Lisgar Collegiate Institute, only 1.1 km from the property, boasting a commendable rating of 7.9 for grades 9 to 12. Additionally, Elgin Street Public School (1.7 km away) offers French immersion for JK to grade 6 with a solid rating of 7.5, while Hopewell Avenue Public School (4.1 km away) provides French education up to grade 8 and has an impressive rating of 9. Families seeking a Catholic education can consider St. Brigid School (1.9 km away) for grades JK to 6 with a rating of 5.5, or Immaculata High School (2.4 km away) for grades 7 to 12, which has a rating of 5.8. Overall, the area offers a diverse range of educational options for children of all ages.

Key Statistics of the Neighbourhood

The demographic profile of the area surrounding the property reveals a small population of 835 residents, with an average household size of 1.6. The community has a median age of 39 years, indicating a relatively mature population. The average household income stands at $78,400, although 21.2% of the residents are classified as low-income. A significant portion of the population, 72.5%, is single, while only 21.74% of households include children. The area is diverse, with 29.75% of residents being immigrants. The rental market is robust, with 80.77% of the population renting their homes, and condos make up 25.64% of the housing stock. The average property price is $520,000, reflecting the area's real estate dynamics. Education levels are notably high, with 75% of residents holding a college or university degree. Additionally, 14.17% of the population is not participating in the labor force, which may reflect various socio-economic factors. Overall, this community is characterized by a mix of young professionals, a strong rental market, and a diverse population, making it an appealing location for potential homeowners and investors alike.