256 Kent Street N

Welcome to a fantastic opportunity to acquire a Multi-Family Home for sale in Ottawa , located at 256 Kent Street N, Ottawa. This charming duplex is perfectly situated on a desirable corner lot, offering a prime location in the heart of Ottawa Centre. With two parking spaces available, this property is ideal for those looking to invest or reside in one of the units while generating rental income from the other.

As you approach the property at 256 Kent Street N, Ottawa, you'll be greeted by its attractive brick exterior, which not only adds character but also ensures durability. This two-storey multiplex boasts a total of 10 rooms, including two spacious bedrooms in each unit, making it suitable for families or professionals seeking comfortable living arrangements. The absence of a den allows for a more open layout, ensuring that each room serves its purpose effectively.

Inside, the units are unfurnished, providing a blank canvas for potential owners to personalise their living spaces. The hardwood flooring, complemented by ceramic tiles in the kitchens, creates a warm and inviting atmosphere. Large windows throughout the property allow natural light to flood in, enhancing the sense of space and comfort. High ceilings further contribute to the airy feel of the interiors, making it a delightful place to call home.

The Multi-Family Home for sale in Ottawa features two well-appointed kitchens, allowing for ease of meal preparation and entertaining. Although there is no additional kitchen, the existing ones are more than sufficient for the needs of each unit. The property includes two bathrooms, providing convenience for residents. However, it’s worth noting that there is no family room, which may influence how the space is utilised.

For those concerned about climate control, it's important to mention that this home does not have air conditioning. Instead, it utilises a radiant heating system, ensuring warmth during the colder months. While there is no fireplace to gather around, the property offers a comfortable living environment throughout the year.

The absence of a swimming pool and central vacuum system may be seen as limitations; however, the advantages of this Multi-Family Home for sale in Ottawa far outweigh these minor drawbacks. The property is connected to municipal water and sewer systems, ensuring essential services are readily available. The crawl space basement provides additional storage options without compromising the living area.

Located in the vibrant community of Ottawa Centre, 256 Kent Street N, Ottawa, is within walking distance of a plethora of amenities. Residents will find themselves just a stone's throw away from groceries, shopping, and the lively areas of the Glebe and Golden Triangle. With easy access to Bank Street and Elgin Street, the location is fabulous for those who enjoy the hustle and bustle of downtown living.

Zoned R4UD, this property presents multiple development potentials, making it an attractive investment for future growth. Currently, both units are configured as two-bedroom residences and have been leased for over a year, now operating on a month-to-month basis. This arrangement offers flexibility for new owners, whether they wish to continue leasing or occupy one of the units themselves.

The financial prospects of this Multi-Family Home for sale in Ottawa are promising, with a potential Gross Operating Income (GOI) of £52,800 and a current GOI of £33,600. Current expenses are estimated at £6,900, leading to a potential Net Operating Income (NOI) of £44,844. This makes the property not only a comfortable living space but also a sound investment opportunity.

In summary, 256 Kent Street N, Ottawa, is a remarkable Multi-Family Home for sale in Ottawa that combines comfort, convenience, and investment potential. With its prime location, spacious living arrangements, and the opportunity for development, this property is a must-see for anyone looking to make a wise investment in the heart of Ottawa. Don’t miss out on this exceptional opportunity!

Ottawa Centre, designated as postal code 4102, is a vibrant and diverse neighbourhood nestled in the heart of Canada’s capital city, Ottawa. This area boasts a rich tapestry of cultural heritage, with a blend of historic architecture and modern developments. Residents enjoy easy access to an array of amenities, including charming cafés, boutique shops, and lush parks, all within walking distance. The community is well-served by public transport, making it convenient for commuting to various parts of the city. Additionally, Ottawa Centre is home to several key landmarks, including the Parliament Buildings and the Rideau Canal, offering a unique urban lifestyle infused with a sense of history and civic pride. Whether you’re seeking a lively atmosphere or tranquil green spaces, Ottawa Centre provides an inviting environment for all.

Schools in the Neighbourhood

This property is conveniently located near several reputable schools, making it an ideal choice for families. The closest option is Centennial Public School, just 0.4 km away, offering English-language education for grades JK to 6, with a commendable school rating of 4.4. For older elementary students, Glashan Public School is 0.9 km away, serving grades 7 to 8, although it currently has no rating available. Elgin Street Public School, located 0.8 km from the property, provides a French-language curriculum for grades JK to 6 and boasts a strong rating of 7.5. Hopewell Avenue Public School, 2.7 km away, offers a French-language program for grades JK to 8 and has an impressive rating of 9. For secondary education, Lisgar Collegiate Institute, just 1.1 km away, serves grades 9 to 12 with a solid rating of 7.9. Additionally, St. Anthony School (1.2 km) and Immaculata High School (1.7 km) provide Catholic education options, rated at 7.5 and 5.8 respectively. With a variety of educational choices nearby, this location is well-suited for families prioritizing quality schooling.

Key Statistics of the Neighbourhood

The area surrounding the property has a population of 554 residents, with an average household size of 1.7. The community is relatively young, with an average age of 36.3 years. The average household income stands at $81,000, although 15.4% of the population is classified as low-income. The real estate market reflects a median home price of $600,000, with a significant portion of the population being renters, accounting for 79.37%. Single individuals make up a notable 60.78% of the demographic, while households with children represent 23.81%. The area is also home to a diverse population, with 18.92% of residents being immigrants. Educational attainment is high, with 62.5% of the population holding a college or university degree. Additionally, 16.35% of residents are not part of the labor force. The housing landscape includes a notable proportion of condominiums, which comprise 19.05% of the housing stock. Overall, this demographic snapshot indicates a vibrant, educated community with a mix of singles and families, alongside a strong rental market.