235-237 St. Patrick Street

Attention builders, investors, and developers! A rare opportunity awaits with this Multi-Family Home for sale in Ottawa , located at 235-237 St. Patrick Street, Ottawa. Nestled in the heart of the iconic ByWard Market, this prime property is surrounded by the best restaurants, shops, and nightlife that the city has to offer, ensuring unbeatable convenience and appeal.

The property features a multiplex building style, which opens up a world of possibilities for redevelopment. With R4UD zoning already in place, the potential for transformation is immense. Whether you envision a modern multi-unit building, a mixed-use project, or a strategic addition to your investment portfolio, this Multi-Family Home for sale in Ottawa provides a blank canvas for your creative ideas. Properties like this are a rarity, especially in such a thriving and high-demand area. The opportunity to capitalise on this location and bring your next big project to life is not one to be missed.

Situated on a generous lot measuring 33 X 111 feet, this property offers ample space for development. While the building currently comprises a total of just one room, it presents a unique opportunity for those looking to create something special. The absence of bedrooms and bathrooms, as well as a kitchen, allows for a complete redesign tailored to your vision. Imagine the possibilities of transforming this space into a vibrant living environment or a commercial venture that attracts the bustling foot traffic of ByWard Market.

At 235-237 St. Patrick Street, Ottawa, you will find that the location itself is a significant asset. The area is well-connected, with easy access to public transport and a wealth of amenities just a stone's throw away. The community of Lower Town/Byward Market is known for its lively atmosphere, making it a desirable place for both residents and visitors alike. This Multi-Family Home for sale in Ottawa is not just a property; it’s an opportunity to be part of a vibrant community that continues to grow and evolve.

Though the property does not currently feature a pool, fireplace, or central vacuum system, these elements can be incorporated into your redevelopment plans. The lack of furnishings means you can start with a clean slate, allowing you to design the interiors to meet modern standards and preferences. Furthermore, the presence of municipal water and sewer services ensures that essential utilities are readily available, making the development process smoother.

Parking is another advantage of this property, with space available for up to four vehicles. This feature is particularly beneficial in a bustling area like ByWard Market, where parking can often be a challenge. The availability of a driveway adds to the convenience, making it easier for residents and visitors alike.

In summary, this Multi-Family Home for sale in Ottawa at 235-237 St. Patrick Street, Ottawa, is a golden opportunity for those looking to invest in a prime location. With its strategic zoning, spacious lot, and proximity to the vibrant ByWard Market, the potential for redevelopment is vast. Whether you are an experienced developer or a first-time investor, this property offers the chance to create something remarkable in one of Ottawa's most sought-after areas. Don’t let this opportunity pass you by—seize the chance to make your mark in the heart of Ottawa!

Lower Town/Byward Market is a vibrant and historic neighbourhood in Ottawa, characterised by its charming blend of heritage architecture and modern amenities. Nestled just east of the Rideau Canal, this area is renowned for its bustling market, which offers a delightful array of fresh produce, artisanal goods, and local delicacies, making it a culinary hub for both residents and visitors. The streets are lined with an eclectic mix of shops, cafes, and restaurants, creating a lively atmosphere that buzzes with activity throughout the day. With its proximity to the city centre, cultural attractions, and scenic parks, Lower Town/Byward Market presents an appealing lifestyle for those who appreciate urban living infused with a rich sense of history and community spirit.

Schools in the Neighbourhood

This property is conveniently located near several educational institutions, making it an excellent choice for families. The closest school is York Street Public School, just 0.8 km away, offering elementary education from JK to grade 6, with a respectable school rating of 5.2. For older elementary students, Glashan Public School, located 2.4 km away, serves grades 7 to 8 but currently has a rating of 0. High school options include Lisgar Collegiate Institute, 1.2 km from the property, which caters to grades 9 to 12 and boasts a strong rating of 7.9. Additionally, Elgin Street Public School, 1.7 km away, offers French-language instruction for JK to grade 6 with a rating of 7.5. Hopewell Avenue Public School, 4.2 km away, provides a French education for JK to grade 8 and has an impressive rating of 9. For Catholic education, St. Brigid School is 2.0 km away, serving JK to grade 6 with a rating of 5.5, and Immaculata High School, 2.5 km away, offers grades 7 to 12 with a rating of 5.8. Overall, this area is well-served by a variety of schools, catering to diverse educational needs.

Key Statistics of the Neighbourhood

The area surrounding the property has a population of 532 residents, with an average household size of 1.5 individuals. 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. The real estate market reflects a median property price of $540,000, and a significant portion of the population, approximately 61.54%, is single. Families with children are relatively rare, comprising only 5% of households. The community is diverse, with 22.64% of residents being immigrants, and a high percentage of renters at 73.97%. Condominiums make up 38.36% of the housing stock, catering to the prevalent renting demographic. Education levels are notably high, with 75% of the population holding a college or university degree. Additionally, 22.12% of residents are not actively participating in the labor force, which may reflect various lifestyle choices or economic factors. Overall, this area presents a unique blend of demographic characteristics, making it an intriguing option for potential homeowners and investors alike.