258 Kent Street

Welcome to an exceptional opportunity to own a Multi-Family Home for sale in Ottawa , located at 258 Kent Street, Ottawa. This charming multiplex boasts a nostalgic barber shop on the ground floor, which could easily be converted into a retail space, offering a unique blend of residential and commercial potential. The building is a three-storey structure with a classic brick exterior, making it not only visually appealing but also sturdy and low-maintenance.

As you explore this Multi-Family Home for sale in Ottawa, you will discover that it features three well-appointed kitchens, ideal for accommodating the needs of multiple tenants. The property includes a total of four rooms, comprising two one-bedroom units on the second and third floors, along with two bachelor units situated behind the barber shop. Access to these units is conveniently provided through the main building door on the ground level and via the driveway for the bachelor units.

The address 258 Kent Street, Ottawa, is strategically located within the vibrant community of Ottawa Centre (4102), offering easy access to essential amenities and local attractions. Residents will appreciate the proximity to groceries, shopping, and the lively neighbourhoods of the Glebe and Golden Triangle. Furthermore, the bustling downtown area of Ottawa, including Bank Street and Elgin Street, is just a short walk away, making this location perfect for those who enjoy the convenience of urban living.

This Multi-Family Home for sale in Ottawa is not just about location; it also presents an attractive investment opportunity. The property is zoned R4T[479], allowing for multiple development potentials, which could enhance its value over time. With a potential gross operating income (GOI) of $52,440 and manageable expenses of $9,300, the net operating income (NOI) stands at an impressive $42,091. This financial aspect makes it an enticing prospect for both seasoned investors and first-time buyers looking to enter the property market.

While the building does not feature a central vacuum system or air conditioning, it does have radiant heating, ensuring that the units remain warm and cosy during the colder months. The property is unfurnished, providing new owners with the flexibility to personalise the space according to their preferences. Additionally, there is no pool or garage space, but the private driveway accommodates parking for up to three vehicles, which is a significant advantage in this bustling area.

The basement of the property is a crawl space, offering limited storage options, but the overall layout of the Multi-Family Home for sale in Ottawa is designed to maximise living space for tenants. Each unit is equipped with separate hydro meters, allowing for easy management of utility costs, which is particularly appealing to long-term tenants, who are currently on a month-to-month lease.

Showings for this remarkable property at 258 Kent Street, Ottawa, are available from Monday to Friday between 10 am and 4 pm, with a 48-hour notice required for all showing requests. This ensures that potential buyers have ample opportunity to explore the features and benefits of this unique home.

In summary, this Multi-Family Home for sale in Ottawa at 258 Kent Street, Ottawa, presents a rare opportunity to invest in a property with significant potential for growth and development. With its prime location, versatile layout, and strong financial performance, it is an ideal choice for anyone looking to make a wise investment in the Ottawa real estate market. Don’t miss out on the chance to own this fantastic property!

Ottawa Centre, designated as postal code 4102, is a vibrant and diverse urban area nestled in the heart of Canada’s capital, Ottawa. This community boasts a rich tapestry of cultural attractions, including historic sites, art galleries, and a variety of restaurants that reflect the city’s multicultural essence. Residents enjoy easy access to public transport, making it convenient to explore the wider city. The lush parks and scenic waterfront along the Rideau Canal provide ample opportunities for outdoor activities and relaxation. With its blend of urban amenities and green spaces, Ottawa Centre is an ideal locale for those seeking a dynamic and engaging lifestyle in a welcoming environment.

Schools in the Neighbourhood

This property is ideally situated near a variety of educational institutions, making it a great choice for families. The closest school is Centennial Public School, an English-language elementary school rated 4.4, located just 0.4 km away. For older elementary students, Glashan Public School (0.8 km) serves grades 7 to 8, though it currently has a rating of 0. Nearby, Lisgar Collegiate Institute offers secondary education for grades 9 to 12 and boasts a solid rating of 7.9, located 1.1 km from the property. Elgin Street Public School, also 0.8 km away, provides a French-language curriculum for grades JK to 6 and has a commendable rating of 7.5. Hopewell Avenue Public School, which offers French instruction for grades JK to 8, is slightly further at 2.7 km and has an impressive rating of 9. Additionally, St. Anthony School, a Catholic elementary school rated 7.5, is 1.2 km away, while Immaculata High School, a Catholic secondary school for grades 7 to 12, is located 1.7 km from the property with a rating of 5.8. This diverse selection of schools ensures excellent educational opportunities for children of all ages.

Key Statistics of the Neighbourhood

The area surrounding the property has a population of 554 residents, characterized by an average household size of 1.7. The demographic profile reveals a relatively young community, with an average age of 36.3 years. The average household income stands at $81,000, though 15.4% of the population is classified as low-income. Housing prices average around $600,000, reflecting the area's market dynamics. A significant portion of the population, 60.78%, is single, while 23.81% of households include children, indicating a mix of family structures. The area has a notable immigrant presence, comprising 18.92% of the population. Renters dominate the housing landscape, making up 79.37% of residents, with condos accounting for 19.05% of housing options. Education levels are high, with 62.5% of the population holding a college or university degree. Additionally, 16.35% of the residents are not participating in the labor force, suggesting a diverse economic landscape. This demographic snapshot highlights a vibrant community with a blend of young professionals, families, and a diverse cultural background, making it an appealing area for potential homebuyers and investors alike.