220 Compton Avenue

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 220 Compton Avenue, Ottawa. This prime property is nestled in the highly sought-after neighbourhood of Woodroffe, making it an ideal choice for savvy investors. With its impressive features and excellent location, this multiplex is a high-yielding asset that promises long-term appreciation and effortless leasing.

This Multi-Family Home for sale in Ottawa boasts a generous layout with a total of 14 rooms, including eight spacious bedrooms and three well-appointed bathrooms. The building style is a charming 2 1/2 storey brick structure, which not only adds to its aesthetic appeal but also ensures durability and low maintenance. The property is unfurnished, allowing new owners to personalise the space to their liking.

At 220 Compton Avenue, Ottawa, you’ll find a superior unit mix that is truly a rarity in Westboro. The property features two sizeable 3-bedroom units, each currently rented out for an impressive $2,350, alongside a spacious lower-level 2-bedroom unit that is rented for $1,459. Each unit is designed with functionality in mind, offering in-unit laundry facilities and an abundance of natural light, which is sure to attract premium tenants. This makes the Multi-Family Home for sale in Ottawa an excellent choice for those looking to secure a high-quality investment.

One of the standout features of this property is its recent upgrades, which allow you to invest with confidence. The roof was replaced in 2019, ensuring long-lasting durability, while the windows and driveway have also been recently updated, minimising future maintenance costs. With no central vacuum system and no air conditioning, the property is straightforward and easy to manage, making it a hassle-free investment.

The location of 220 Compton Avenue, Ottawa, is unbeatable. It’s just steps away from the New Orchard Phase 2 LRT station at the intersection of Woodroffe and Richmond, making commuting a breeze for tenants. Additionally, the property is only a short drive from Highway 417, providing quick access to the wider Ottawa area. Families will appreciate the proximity to Woodroffe Ave Public School and Our Lady of Fatima schools, both of which are within walking distance. For shopping enthusiasts, Carlingwood Shopping Centre is just a stone's throw away, while outdoor lovers will enjoy the nearby Ottawa River and Trans Canada Trail.

Parking is also a breeze with front yard parking available for up to four vehicles, ensuring that tenants have ample space for their cars. The finished basement adds extra value to this Multi-Family Home for sale in Ottawa, providing additional storage or potential for further development, although there are no additional land parcels included with the property.

In summary, 220 Compton Avenue, Ottawa, presents an exceptional opportunity for investors looking to add a blue-chip asset to their real estate portfolio. With its high occupancy rates, functional layouts, and recent upgrades, this Multi-Family Home for sale in Ottawa is not to be missed. Whether you’re an experienced investor or just starting out, this property is a solid choice that promises both immediate returns and long-term growth potential. Don’t let this chance slip through your fingers; seize the opportunity to own a quality triplex investment in one of Ottawa's most resilient neighbourhoods!

Woodroffe, located in the city of Ottawa, is a charming suburban neighbourhood that offers a blend of natural beauty and convenient amenities. Nestled alongside the picturesque Rideau River, residents can enjoy scenic parks and walking trails, perfect for outdoor enthusiasts. The area boasts a mix of residential options, from single-family homes to townhouses, catering to a diverse population. With easy access to major roadways and public transport, commuting to downtown Ottawa is straightforward. Local shops, schools, and recreational facilities contribute to a welcoming atmosphere, making Woodroffe an appealing choice for families and individuals alike seeking a tranquil yet connected lifestyle.

Schools in the Neighbourhood

This property is ideally located near several reputable schools, making it an excellent choice for families. Just 0.4 km away, Our Lady of Fatima Catholic School offers a nurturing environment for elementary students from JK to Grade 6, with a solid rating of 4.3. For younger children, D. Roy Kennedy Public School is a mere 1.1 km away, providing quality education from JK to Grade 8 and boasting an impressive rating of 4.9. Broadview Avenue Public School, located 1.5 km from the property, offers a French-language curriculum for grades JK to 8 and has a strong rating of 7.3. For secondary education, Woodroffe High School, only 1.4 km away, serves grades 9 to 12 and is highly rated at 5.6. Additionally, Notre Dame High School, also 1.5 km away, offers a Catholic education for grades 7 to 12 with a rating of 5.3. Lastly, Sir Robert Borden High School, located 4.7 km away, provides a French-language program for grades 7 to 12 and has a rating of 6.9. With a variety of educational options nearby, this property is perfectly positioned for families seeking quality schooling for their children.

Key Statistics of the Neighbourhood

The area surrounding the property has a population of 521 residents, with an average household size of 2.3 individuals. The community is characterized by a median age of 42.6 years and a robust average household income of $127,000. A relatively small percentage, 6.8%, of the population is classified as low-income. The average property price in the area stands at $760,000, indicating a market that may appeal to higher-income buyers. Approximately 39.33% of the population is single, while 36.36% of households include children, suggesting a family-friendly environment. The community is diverse, with 19.23% of residents being immigrants, contributing to its cultural richness. Renters make up 26.09% of the population, although there are no condominiums available in the area. Education levels are high, with 67.74% of residents holding a college or university degree. However, a significant portion, 39.78%, is not in the labor force, which may reflect various factors such as retirement or other personal choices. Overall, this demographic profile suggests a well-educated, affluent community with a mix of families and singles.