256 Alfred Street

Introducing a remarkable opportunity with this Multi-Family Home for sale in Ottawa , located at 256 Alfred Street, Ottawa. This property presents an exceptional blend of cash flow and development potential, making it a prime investment for both the present and the future. Nestled on a double wide lot with R4UA zoning, this residence is not only a sound financial choice but also aligns perfectly with the city’s ongoing densification plans.

The building is a well-maintained multiplex, boasting a two-storey design clad in durable vinyl siding. With a total of 15 rooms, this Multi-Family Home for sale in Ottawa features an impressive five bedrooms and four bathrooms, providing ample space for tenants. Each unit is equipped with its own kitchen, with three fully operational kitchens in total, ensuring that the needs of all residents are met efficiently. The absence of a den and additional kitchen is more than compensated by the spacious layout and functionality of the existing units.

The property is situated in the 3402 - Vanier community, a vibrant area of Ottawa that offers convenient access to local amenities and services. The finished basement includes an apartment, adding to the overall living space and enhancing the rental potential of this Multi-Family Home for sale in Ottawa. The presence of central air conditioning ensures that all units remain comfortable throughout the year, while the forced air heating system provides efficient warmth during the colder months.

Parking is a significant advantage of this property, with a private double driveway accommodating up to six vehicles. Additionally, there is a detached garage space for one vehicle, which adds further convenience for tenants. The lot measures 64 X 101 feet, providing a generous outdoor space that could be utilised for various purposes, although it is important to note that there is no pool on the premises.

In terms of utilities, the property is connected to municipal water and sewer services, ensuring reliable access for all residents. Internet connectivity is also available, which is a crucial feature for modern living, particularly for those working from home. However, it is worth mentioning that there is no central vacuum system in place, nor is the property furnished, allowing new owners to personalise the space to their liking.

The current tenants are long-term and reliable, making this Multi-Family Home for sale in Ottawa a turn-key investment. The upgraded kitchens and bathrooms, combined with the large units, ensure that vacancies are unlikely, providing a steady stream of income from day one. This property is ideal for investors looking to maximise their returns while also considering future development opportunities in line with the city’s growth plans.

The potential for cash flow and appreciation in value is significant, especially given the strategic location of 256 Alfred Street, Ottawa. With the current market conditions and the ongoing demand for rental properties in this area, this Multi-Family Home for sale in Ottawa is a rare find that should not be overlooked.

In conclusion, 256 Alfred Street, Ottawa, stands out as a prime example of a well-located, multi-family investment property with both immediate and long-term potential. With its combination of spacious living, upgraded facilities, and strategic zoning, it is perfectly positioned to meet the needs of today’s renters while offering a promising outlook for future development. Don’t miss the chance to secure this Multi-Family Home for sale in Ottawa; it could be the investment opportunity you’ve been searching for.

Vanier, designated as community 3402, is a vibrant and diverse neighbourhood nestled in the eastern part of Ottawa. Known for its rich cultural tapestry, Vanier boasts a mix of residential areas, local shops, and parks, all within close proximity to the city centre. The community is characterised by its charming streets lined with a variety of architectural styles, reflecting its historical roots. Residents enjoy easy access to amenities such as schools, grocery stores, and recreational facilities, making it an ideal location for families and individuals alike. With a strong sense of local identity and a welcoming atmosphere, Vanier offers a unique blend of urban convenience and community spirit, making it a delightful place to call home.

Schools in the Neighbourhood

This property is ideally situated near several reputable schools, making it an excellent choice for families. Within a short distance, you will find Robert E. Wilson Public School (0.7 km) and Assumption School (0.6 km), both offering elementary education in English, with ratings of 4 and 5, respectively. Queen Elizabeth Public School, also an elementary institution, is just 0.9 km away and serves grades JK to 8 with a solid rating of 3.9. For French immersion, Manor Park Public School (1.3 km) and Vincent Massey Public School (4.5 km) are excellent options, rated 6 and 6.9, respectively. For secondary education, Lisgar Collegiate Institute (3.3 km) stands out with a commendable rating of 7.9, while Immaculata High School (3.8 km) offers a Catholic education with a rating of 5.8. The proximity to these schools not only provides convenience but also ensures a variety of educational options, catering to different preferences and needs. This vibrant community is perfect for families seeking quality education for their children.