227-229 St. Patrick Street

Attention builders, investors, and developers! A rare opportunity presents itself with this Multi-Family Home for sale in Ottawa , located at 227-229 St. Patrick Street, Ottawa. Nestled in the vibrant heart of Ottawa's iconic ByWard Market, this prime property boasts an enviable location surrounded by the city's finest restaurants, eclectic shops, and lively nightlife, ensuring unbeatable convenience and appeal.

The property at 227-229 St. Patrick Street, Ottawa, is classified as a multiplex, presenting a unique canvas for your vision. With a total lot size of 32 x 111 feet, this Multi-Family Home for sale in Ottawa offers ample space for redevelopment. The existing structure features one room, providing a blank slate for those looking to create something truly remarkable. While the current layout includes no bedrooms or bathrooms, this presents an exciting opportunity to design a modern multi-unit building or a mixed-use project tailored to the demands of the market.

Situated in the 4001 - Lower Town/Byward Market community, this property benefits from R4UD zoning, which opens the door to a myriad of redevelopment possibilities. Whether you are considering a strategic addition to your investment portfolio or envisioning a contemporary living space that meets the needs of today’s urban dwellers, the potential here is vast. Properties like this Multi-Family Home for sale in Ottawa are a rarity, and with the ongoing growth and revitalisation of the area, the timing could not be better to capitalise on this thriving, high-demand location.

While the property does not currently feature a kitchen, additional kitchen, or any bathrooms, this absence allows for a fresh start. You have the freedom to design a layout that maximises the use of space and meets modern standards. The lack of a family room and den means that you can allocate your resources towards creating the most desirable living arrangements, ensuring that future tenants or owners are captivated by your vision.

The property is unfurnished, allowing you the flexibility to customise the interior according to your design preferences. With no central vacuum system, fireplace, or pool, the focus remains on the potential for transformation. The availability of a driveway and parking space for four vehicles is an added advantage, particularly in a bustling area like ByWard Market, where parking can often be a challenge.

Internet access is available, which is a crucial feature for today’s tenants and homeowners, ensuring that connectivity is never compromised. The heating and cooling systems, while categorised as ‘other’, offer room for improvement, allowing you to implement modern, energy-efficient solutions that align with contemporary living standards.

In summary, this Multi-Family Home for sale in Ottawa, located at 227-229 St. Patrick Street, Ottawa, is an exceptional opportunity for those looking to invest in a prime location with significant redevelopment potential. With its strategic positioning in the heart of one of Ottawa’s most sought-after communities, the possibilities are endless. Don’t miss your chance to bring your next big project to life in this thriving area. The demand for innovative living spaces is high, and with your vision, this property could become a landmark in the ByWard Market. Seize this opportunity and make your mark in Ottawa’s dynamic real estate landscape.

Lower Town/Byward Market is a vibrant and historic neighbourhood in Ottawa, renowned for its lively atmosphere and rich cultural tapestry. Nestled just east of the city centre, this area boasts a delightful blend of cobblestone streets, charming boutiques, and an array of restaurants and cafés that cater to diverse tastes. The Byward Market itself is a bustling hub, featuring a daily farmers' market and an eclectic mix of artisanal shops, making it a perfect spot for those who appreciate local produce and unique finds. Residents enjoy easy access to parks, galleries, and cultural events, all while being within walking distance of the city’s core. With its dynamic energy and strong sense of community, Lower Town/Byward Market offers an inviting environment for anyone looking to embrace urban living in Ottawa.

Schools in the Neighbourhood

This property is conveniently located near several educational institutions, catering to families with children of all ages. The closest option is York Street Public School, just 0.9 km away, offering elementary education from Junior Kindergarten to Grade 6 with a respectable school rating of 5.2. For older elementary students, Glashan Public School is 2.4 km away, although it currently holds a rating of 0. Nearby, Lisgar Collegiate Institute provides secondary education for grades 9 to 12, located 1.2 km from the property, and boasts a strong rating of 7.9. Additionally, Elgin Street Public School, 1.7 km away, offers French-language instruction for grades JK to 6 and has a solid rating of 7.5. Hopewell Avenue Public School, known for its excellent rating of 9, is a bit further at 4.2 km, providing French-language education up to Grade 8. For Catholic education, St. Brigid School (2.0 km away) and Immaculata High School (2.5 km away) offer quality programs with ratings of 5.5 and 5.8, respectively. This diverse selection of schools ensures that families have access to quality education in both English and French.

Key Statistics of the Neighbourhood

The area surrounding the property has a population of 532 residents, characterized by an average household size of 1.5 individuals. The demographic profile reveals an average age of 41.8 years and a relatively high average household income of $93,600, although 16% of the population is classified as low-income. The housing market shows an average property price of $540,000, with 73.97% of residents being renters and 38.36% living in condominiums. A significant portion of the population, 61.54%, is single, and only 5% of households include children. The community is diverse, with 22.64% of residents being immigrants, and education levels are notably high, with 75% holding a college or university degree. However, 22.12% of the population is not actively participating in the labor force. This demographic snapshot indicates a well-educated, predominantly single, and rental-oriented community, with a strong average income but also a notable percentage of low-income residents.