215 Lavergne 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 215 Lavergne Street, Ottawa. This exceptional property is a legal triplex with two in-law suites, offering incredible versatility for multigenerational living or strong rental income. With its prime location just minutes from Beechwood Village, this is a rare find that combines convenience with potential.

This impressive multiplex boasts a building style of two storeys and is constructed from a combination of brick and other materials, providing both durability and aesthetic appeal. The property features a total of nine bedrooms and five bathrooms, ensuring ample space for residents. Each of the five units is equipped with essential appliances, including a fridge, stove, washer, and dryer, making it an ideal setup for tenants. The building is designed with individual heat pump systems for year-round heating and cooling, ensuring comfort regardless of the season.

One of the standout features of this Multi-Family Home for sale in Ottawa is the in-law suites and lower-level apartments, which come with in-floor heating and large windows. This thoughtful design not only provides warmth and comfort but also allows for an abundance of natural light to fill the spaces. The upper units enjoy the added benefit of private decks, perfect for relaxing with a cup of tea or entertaining guests on a warm summer evening.

The property has been recently renovated, making it a true turnkey investment. The roof was replaced within the past eight years, and the entire property has been modernised to meet today’s standards. The building is also equipped with on-demand hot water heating, a highly efficient system that keeps utility costs manageable. Speaking of costs, the annual property taxes are set at $4,066.72, and utilities for 2024 total approximately $10,708. Additionally, insurance, which includes rental income protection, is around $4,407, with the potential for lower rates if the property is owner-occupied.

For those concerned about parking, this Multi-Family Home for sale in Ottawa does not disappoint. The property features parking space for up to four vehicles, with additional parking available on both sides of the building. The spacious backyard is another highlight, complete with a deck that provides shared outdoor space for all residents to enjoy.

Situated in the 3402 - Vanier community, 215 Lavergne Street, Ottawa, is conveniently located near Richelieu Park and offers quick access to NCC bike paths and the Rideau River. Whether you’re an outdoor enthusiast or someone who enjoys the hustle and bustle of city life, this location strikes a perfect balance. It’s just a short drive to downtown Ottawa, the ByWard Market, and Highway 417, making it an appealing spot for tenants looking for urban access.

With a gross income of $91,962 per year, which breaks down to approximately $7,663 per month, this Multi-Family Home for sale in Ottawa presents an outstanding opportunity to own a centrally located, income-producing property. The long-term value and flexible use options make it a compelling choice for both seasoned investors and those new to the property market.

In summary, 215 Lavergne Street, Ottawa, is more than just a property; it’s a gateway to a lucrative investment. With its impressive features, ideal location, and the potential for strong rental income, this Multi-Family Home for sale in Ottawa is not to be missed. Whether you’re looking to house multiple families or simply want to capitalise on the rental market, this property offers everything you need and more. Don’t let this opportunity pass you by!

Vanier, located just east of downtown Ottawa, is a vibrant and diverse neighbourhood known for its rich cultural tapestry and welcoming atmosphere. This community boasts a mix of residential areas, local shops, and green spaces, making it an appealing choice for those seeking a lively urban environment. With its close proximity to the Rideau River and various parks, residents can enjoy outdoor activities while still being within easy reach of the city’s amenities. Vanier's strong sense of community is reflected in its numerous events and festivals, fostering connections among neighbours and celebrating the area's unique heritage. Whether you're drawn by the affordable housing options or the lively street life, Vanier offers a distinctive blend of urban living and community spirit.

Schools in the Neighbourhood

This property is ideally situated near a variety of educational institutions, catering to families with children of all ages. Within a 1.5 km radius, you'll find several elementary schools, including Manor Park Public School and Queen Elizabeth Public School, both offering English instruction for grades JK to 8, with ratings of 6 and 3.9, respectively. For those seeking French immersion, Manor Park also offers a French program. Vincent Massey Public School, located 5 km away, provides French instruction for grades JK to 8 and has a solid rating of 6.9. Secondary education options include Lisgar Collegiate Institute, just 3.1 km from the property, which serves grades 9 to 12 and boasts a commendable rating of 7.9. Additionally, Assumption School, a Catholic institution offering English education for grades JK to 6, is conveniently located 0.9 km away, with a rating of 5. For high school students, Immaculata High School is 3.9 km away and serves grades 7 to 12 with a rating of 5. This diverse array of schools ensures that families have access to quality education within close proximity to their new home.

Key Statistics of the Neighbourhood

The area surrounding the property has a population of 646 residents, with an average household size of 2.1 individuals. The demographic profile reveals an average age of 50.2 years and an average household income of $78,000. However, 17.2% of the population falls within the low-income bracket. The real estate market reflects an average property price of $660,000, with a notable percentage of the population being single (61.21%) and 28% of households having children. Renters make up a significant portion of the community at 68.75%, while condos represent 10.42% of the housing options available. The area is also home to a diverse population, with 15.29% being immigrants. Educational attainment is relatively high, with 48.72% of residents holding a college or university degree. However, a considerable portion of the population, 47.44%, is not in the labor force, indicating potential challenges in employment opportunities. Overall, this community presents a mix of demographics, with a significant number of renters and a mature population, contributing to a unique neighborhood dynamic.