242 Castlefrank Road

Introducing a remarkable opportunity: a Multi-Family Home for sale in Kanata , located at 242 Castlefrank Road, Kanata. This fully renovated property is a true gem, offering exceptional flexibility as either a smart investment or an ideal live-in-and-rent opportunity. Situated in the desirable community of 9003 - Kanata - Glencairn/Hazeldean, this bungalow-raised multiplex is designed to meet the needs of modern living while providing an attractive return on investment.

The property boasts two bright and stylish two-bedroom units, each with its own entrance, ensuring privacy and independence for residents. Both units are equipped with in-suite laundry facilities and feature contemporary finishes throughout. The main kitchen in each unit is a highlight, showcasing modern white cabinetry, elegant quartz countertops, and luxury vinyl plank flooring that adds a touch of sophistication. The lower unit benefits from large windows, flooding the space with natural light and creating an inviting atmosphere.

This Multi-Family Home for sale in Kanata has undergone extensive renovations from top to bottom, with updates completed in 2021. The improvements include brand new kitchens, bathrooms, and a highly efficient heating system, alongside upgrades to plumbing and electrical systems. This meticulous attention to detail ensures that the property is not only aesthetically pleasing but also functional and reliable for years to come.

For investors, this property is a dream come true. With separate hydro meters and an efficient gas boiler system, it promises low maintenance and operational costs. Professional property management is already in place, making this Multi-Family Home for sale in Kanata a truly turnkey investment. The gross income generated from the property is approximately £50,088, with expenses estimated at £6,108, resulting in a net income of around £43,980. This makes it an ideal choice for those looking to offset their mortgage with rental income.

The layout of 242 Castlefrank Road, Kanata, is designed to maximise space and functionality. With a total of six rooms in each unit, including two bedrooms and a den, there is ample room for comfortable living. The absence of a family room allows for a more open and versatile living space, perfect for those who appreciate a minimalist approach. The property is unfurnished, providing new owners with the opportunity to personalise their living environment to their taste.

In terms of amenities, this Multi-Family Home for sale in Kanata does not feature a pool or a fireplace, which may appeal to those seeking a straightforward, low-maintenance lifestyle. The absence of air conditioning and a central vacuum system is offset by the property's efficient heating system and municipal water supply, ensuring comfort throughout the year. The finished basement apartment adds an additional layer of versatility, making it an excellent option for extended family or guests.

The lot size of 35 x 100 feet provides ample outdoor space without the burden of additional land maintenance, while the property offers parking for up to three vehicles, a significant advantage in this bustling community. Located at 242 Castlefrank Road, Kanata, the property is conveniently situated near the cross streets of Terry Fox and Castlefrank, ensuring easy access to local amenities and transport links.

In summary, this Multi-Family Home for sale in Kanata is a rare find, combining modern living with investment potential. With its prime location, extensive renovations, and the ability to generate substantial rental income, 242 Castlefrank Road, Kanata, stands out as an exceptional opportunity for both investors and homebuyers alike. Don't miss your chance to own this stunning property that truly embodies the best of Kanata living.

The 9003 area, encompassing Kanata - Glencairn/Hazeldean, is a vibrant and well-established neighbourhood in the city of Kanata, known for its blend of suburban charm and modern amenities. This community features a variety of housing options, from family-friendly homes to more contemporary apartments, all nestled within beautifully landscaped surroundings. Residents enjoy easy access to an array of parks, recreational facilities, and local shops, as well as excellent schools and public transport links. The area is characterised by a strong sense of community spirit, making it an ideal place for families and professionals alike to settle down and enjoy a balanced lifestyle, all while being just a short drive from Ottawa’s bustling city centre.

Schools in the Neighbourhood

This property is conveniently located near several reputable schools, making it an ideal choice for families. The closest option is John Young Elementary School, just 0.3 km away, offering both English and French programs for grades JK to 6, with a solid school rating of 6.1. Another nearby elementary school is St. Martin De Porres School, located 0.7 km away, which is part of the Ottawa Catholic School Board and boasts a higher rating of 7.3. For older students, A.Y. Jackson Secondary School is only 1.0 km from the property, providing education for grades 9 to 12 with a commendable rating of 7.2. Additionally, Holy Trinity Catholic High School, situated 3.0 km away, serves grades 7 to 12 and has an impressive rating of 7.8. While Glen Cairn Public School, also nearby, offers grades 7 to 8, it currently has no rating. Overall, the area is well-served by a mix of public and Catholic schools, ensuring quality education options for children of all ages within a short distance from the property.

Key Statistics of the Neighbourhood

The area surrounding the property has a population of 393 residents, with an average household size of 2.4 people. The demographic profile reveals an average age of 43.2 years, indicating a mature community. The average household income is notably high at $106,000, with only 6% of the population classified as low-income. The real estate market reflects this affluence, with an average property price of $490,000. Socially, 38.24% of the population is single, while 41.67% of households include children, suggesting a family-friendly environment. The community is relatively diverse, with 8.75% of residents being immigrants. Renters make up 18.75% of the population, although there are no condominiums available in the area. Education levels are impressive, with 54.69% of residents holding a college or university degree. However, 26.56% of the population is not in the labor force, which may indicate a mix of retirees and individuals pursuing education or other interests. Overall, this community combines a strong educational background with a stable economic environment, making it an attractive location for families and professionals alike.