231-233 St. Patrick Street

Attention builders, investors, and developers! A rare opportunity awaits you at 231-233 St. Patrick Street, Ottawa, right in the heart of the iconic ByWard Market. This prime property is surrounded by the city's best restaurants, shops, and nightlife, offering unbeatable convenience and appeal. If you’re on the lookout for a Multi-Family Home for sale in Ottawa , this is a gem that you simply cannot miss.

The property at 231-233 St. Patrick Street, Ottawa, boasts a generous lot size of 33 X 112 feet, providing ample space for your creative vision. With R4UD zoning already in place, the potential for redevelopment is wide open. Whether you're envisioning a modern multi-unit building, a mixed-use project, or a strategic addition to your investment portfolio, the possibilities are endless. Properties like this don’t come around often, and the demand in this thriving area is high. This is truly a fantastic opportunity to capitalise on the vibrant community surrounding this Multi-Family Home for sale in Ottawa.

While the current structure may not offer bedrooms or bathrooms, it serves as a blank canvas for your ideas. The total of one room allows for a multitude of possibilities, enabling you to design a space that meets the needs of the modern market. The absence of a kitchen, additional rooms, or a family room means you can create an entirely new layout tailored to your vision. The unfurnished state of the property at 231-233 St. Patrick Street, Ottawa, gives you the freedom to start from scratch, ensuring that your project reflects your unique style and requirements.

Parking will never be an issue here, as the property includes space for up to four vehicles, along with a driveway for easy access. Although there is no garage or central vacuum system, the available parking is a significant advantage in such a bustling area. The community surrounding this Multi-Family Home for sale in Ottawa is vibrant and full of life, making it an ideal location for potential tenants or buyers.

In terms of amenities, while there is no pool or fireplace, the property does benefit from internet access, which is essential in today’s digital age. The heating, cooling, and sewer systems are categorised as ‘Other’, giving you the flexibility to choose the best options that suit your redevelopment plans. Although the basement is also listed as ‘Other’, it presents an opportunity for further exploration depending on your project’s needs.

The location of 231-233 St. Patrick Street, Ottawa, is simply unbeatable. Being in the Lower Town/Byward Market community means you’re just a stone's throw away from all the action. The area is known for its vibrant culture, with an array of eateries, boutiques, and entertainment options that attract both locals and tourists alike. This proximity to the heart of Ottawa makes this Multi-Family Home for sale in Ottawa an attractive proposition for anyone looking to invest in a high-demand area.

In summary, this is a unique opportunity to own a piece of prime real estate at 231-233 St. Patrick Street, Ottawa. The potential for redevelopment is immense, and with the right vision, you could transform this property into a modern multi-unit residence or a mixed-use establishment that complements the lively ByWard Market. Don’t let this chance slip through your fingers; seize the moment and explore the possibilities that await with this Multi-Family Home for sale in Ottawa. With the right investment, you could be at the forefront of a thriving community, making your mark in one of Ottawa’s most sought-after locations.

Lower Town/Byward Market is a vibrant and historic neighbourhood in Ottawa, renowned for its eclectic blend of culture, cuisine, and community spirit. Nestled just east of the Rideau Canal, this area boasts a lively atmosphere, particularly around the Byward Market itself, where local vendors offer fresh produce, artisanal goods, and a variety of international delicacies. The streets are lined with charming boutiques, cafés, and restaurants, making it an ideal spot for socialising and exploring. With its rich heritage, including beautiful architecture and art installations, Lower Town/Byward Market is not only a hub for residents but also a focal point for visitors, offering a unique urban experience that captures the essence of Ottawa.

Schools in the Neighbourhood

This property is ideally located near several educational institutions, making it a great choice for families. The closest school is York Street Public School, an English-language elementary school just 0.8 km away, catering to grades JK to 6 with a school rating of 5.2. For older elementary students, Glashan Public School is 2.4 km away, although it currently has a school rating of 0. For secondary education, Lisgar Collegiate Institute is only 1.2 km from the property, boasting a commendable rating of 7.9. Additionally, Elgin Street Public School (1.7 km away) offers a French-language program for grades JK to 6, rated at 7.5, while Hopewell Avenue Public School, 4.2 km away, provides a French curriculum for grades JK to 8 with an impressive rating of 9. The nearby St. Brigid School (2.0 km) offers a Catholic education for grades JK to 6, rated at 5.5, and Immaculata High School (2.5 km) serves grades 7 to 12 with a rating of 5.8. This diverse range of schools ensures quality education options for children of all ages.

Key Statistics of the Neighbourhood

The area surrounding the property has a population of 532 residents, with an average household size of 1.5. The demographic profile indicates a mature community, with an average age of 41.8 years. The average household income stands at $93,600, although 16% of the population is classified as low-income. Housing prices are relatively high, with an average property value of $540,000. The community is characterized by a significant proportion of singles, making up 61.54% of the population, while only 5% of households include children. Immigrants represent 22.64% of the residents, contributing to the area’s diversity. A notable 73.97% of the population are renters, with condos comprising 38.36% of the housing market. Education levels are high, with 75% of residents holding a college or university degree. Additionally, 22.12% of the population is not in the labor force, indicating a mix of employment statuses. This demographic snapshot reflects a well-educated, predominantly single community with a significant rental market, making it an attractive location for both investors and potential homeowners.