232-234 Hannah Street

Introducing an exceptional opportunity in the heart of Ottawa, this Multi-Family Home for sale in Ottawa is located at 234 Hannah Street, Ottawa. This fully renovated legal duplex stands proudly on a generous 39 x 100 ft lot, boasting R4UA-c zoning and an impressive 8% CAP RATE. With a Gross Operating Income of £85,080 per year, this property is a remarkable investment prospect for discerning buyers looking to make a strategic addition to their portfolio.

The property features two distinct units, each designed to offer comfort and functionality. Unit 1 comprises three well-appointed bedrooms and a bathroom, currently rented at £2,300 per month, with the tenant responsible for hydro costs. Meanwhile, Unit 2 is more spacious, featuring six bedrooms and three bathrooms, and is rented at £4,790 per month on an all-inclusive basis. This arrangement not only maximises rental income but also caters to the diverse needs of tenants in the area.

The Multi-Family Home for sale in Ottawa at 234 Hannah Street, Ottawa, is characterised by high-end finishes throughout, ensuring a modern and appealing aesthetic. Each unit is equipped with individual room-controlled heating, allowing tenants to manage their comfort levels efficiently. Although the property does not include air conditioning, the thoughtfully designed layout and quality materials used in the renovation provide a pleasant living environment.

The exterior of the building is a combination of stone and stucco (plaster), which not only enhances its visual appeal but also ensures durability. The two-storey multiplex style offers ample space for multiple families while maintaining a sense of privacy. The absence of a garage and driveway may seem like a drawback, but the property compensates with a large rear parking area that can accommodate up to nine vehicles, adding significant value to the property.

As you explore the features of this Multi-Family Home for sale in Ottawa, it is worth noting that there is no central vacuum system, and the property is unfurnished, providing a blank canvas for new owners to personalise the space to their liking. The full, finished basement adds to the overall living area, offering potential for additional storage or recreational space, although there are no additional rooms beyond the specified units.

Situated in the vibrant community of 3402 - Vanier, this property benefits from being in a rapidly growing neighbourhood, making it an excellent opportunity for investors. The proximity to Montreal Road and Hannah Street ensures easy access to local amenities, public transport, and essential services, further enhancing its appeal.

The absence of a pool and fireplace may be noted, but the focus on rental income and the property's strategic location more than compensates for these features. The municipal water supply and sewer services are reliable, ensuring that the property meets all necessary standards for comfortable living.

In summary, this Multi-Family Home for sale in Ottawa at 234 Hannah Street, Ottawa, presents a unique investment opportunity with its impressive income potential and modern renovations. The combination of two well-rented units, high-quality finishes, and a prime location makes this property a must-see for serious investors. Don’t miss your chance to acquire this remarkable duplex in a thriving community, where the potential for growth is evident. Seize the opportunity to own this exceptional property today!

Vanier, located just east of downtown Ottawa, is a vibrant and diverse neighbourhood known for its rich cultural tapestry and strong sense of community. The area boasts a mix of residential homes, parks, and local shops, making it a convenient and welcoming place to live. With its proximity to the Rideau River and various recreational facilities, residents can enjoy outdoor activities while still being close to the city's amenities. Vanier is also home to a variety of eateries and markets, reflecting its multicultural heritage. Overall, it offers a unique blend of urban living with a distinct community spirit, making it an appealing choice for those looking to settle in Ottawa.

Schools in the Neighbourhood

This property is conveniently located near several reputable schools, making it an ideal choice for families. The closest educational institution is Assumption School, a Catholic elementary school just 0.4 km away, offering grades JK to 6 and rated 5. Robert E. Wilson Public School, an English-language public elementary school for grades JK to 6, is only 1.1 km from the property and has a solid rating of 4. For families with older children, Lisgar Collegiate Institute, a public secondary school offering grades 9 to 12, is located 2.5 km away and boasts a commendable rating of 7.9. Other nearby options include Queen Elizabeth Public School (1.6 km) and Manor Park Public School (1.7 km), both of which cater to elementary students, with ratings of 3.9 and 6, respectively. Vincent Massey Public School, a French-language public school, is also within a 4.5 km radius. Additionally, Immaculata High School, a Catholic secondary school, is situated 3.2 km away. This diverse array of educational facilities ensures that families have access to quality schooling options in both English and French, enhancing the appeal of this property for potential buyers.