267 Lalemant Street

Welcome to 267 Lalemant Street, Ottawa, a remarkable investment opportunity that is sure to capture the attention of savvy investors. This multi-family home for sale in Ottawa is a well-structured multiplex, boasting a two-storey design with an exterior clad in durable aluminium siding. Situated in the highly sought-after community of 3402 - Vanier, this property is perfectly positioned to take advantage of the area's strong rental demand and long-term growth potential.

The building comprises a total of 19 rooms, which includes six bedrooms and two dens, along with four bathrooms. This multi-family home for sale in Ottawa features a practical and desirable unit mix, making it an attractive proposition for both seasoned investors and those looking to expand their property portfolio. The layout consists of four units: Unit #1, located on the main floor, is currently vacant and offers three bedrooms and one bathroom; Unit #2, on the second floor, also vacant, includes one bedroom and one bathroom; Unit #3, situated on the same floor, is tenanted with one bedroom and one bathroom, currently generating a rental income of $1,270 per month; and finally, Unit #4, located in the basement, is vacant and features two bedrooms and one bathroom.

One of the standout features of this multi-family home for sale in Ottawa is the potential for immediate income generation. With three of the four units currently vacant, you have the opportunity to set rents at current market rates, maximising your investment's profitability. Each unit is designed with functional layouts that enhance their rental appeal, ensuring that they attract tenants quickly. The property also includes an apartment in the basement, providing additional living space or rental opportunities.

While this property does not feature air conditioning, a fireplace, or a central vacuum system, it does offer essential amenities such as municipal water and sewer services, as well as internet connectivity. The absence of a pool and garage space means that maintenance costs are kept low, making it an even more appealing investment option. The lot measures 33 by 95 feet, providing ample outdoor space without the burden of excessive upkeep.

Located at 267 Lalemant Street, Ottawa, this multi-family home for sale in Ottawa benefits from its proximity to a range of local amenities. The area is well-served by schools, parks, and public transit, making it an ideal location for families and professionals alike. Additionally, the property is conveniently close to restaurants, shopping centres, and Montfort Hospital, ensuring that residents have access to all the necessities of modern living. With quick access to Highway 417, commuting to other parts of Ottawa is a breeze.

The neighbourhood surrounding 267 Lalemant Street, Ottawa, continues to experience strong rental demand, making this multi-family home for sale in Ottawa a wise investment choice. The potential for leasing three vacant units at updated market rents presents both short-term upside and long-term value stability. This property is not just a place to live; it represents a strategic investment in a thriving community that is poised for growth.

In summary, 267 Lalemant Street, Ottawa, is an exceptional opportunity for anyone looking to invest in a multi-family home for sale in Ottawa. With its advantageous location, strong income potential, and well-designed units, this property is sure to attract interest from a variety of investors. Don't miss your chance to secure a well-located multi-residential property with immediate revenue potential and the promise of future appreciation.

Vanier, located just east of downtown Ottawa, is a vibrant and diverse neighbourhood that offers a unique blend of urban living and community charm. Characterised by its rich cultural heritage, Vanier is home to a variety of shops, cafes, and restaurants that reflect the multicultural fabric of the area. The community boasts ample green spaces, including parks and recreational facilities, making it an ideal spot for families and outdoor enthusiasts. With convenient access to public transport and major roadways, residents can easily explore the wider Ottawa region while enjoying the close-knit atmosphere that Vanier provides. Whether you're drawn to its lively streets or the welcoming spirit of its residents, Vanier offers a distinctive living experience in the heart of the nation’s capital.

Schools in the Neighbourhood

This property is conveniently located near several reputable schools, making it an ideal choice for families. The closest educational institution is Assumption School, a Catholic elementary school just 0.3 km away, offering grades JK to 6 with a solid rating of 5. Robert E. Wilson Public School is another nearby option, located 0.8 km away, providing English-language education for grades JK to 6 and boasting a rating of 4. For families with older children, Lisgar Collegiate Institute, a secondary school offering grades 9 to 12, is situated 2.9 km away and has an impressive rating of 7.9. Additionally, Queen Elizabeth Public School (1.3 km) and Manor Park Public School (1.5 km) provide further elementary options, with ratings of 3.9 and 6, respectively. For French-language education, Vincent Massey Public School is available 4.5 km away. Overall, the area is well-served by a variety of public and Catholic schools, ensuring quality education for children of all ages, in both English and French, contributing to a vibrant community atmosphere.

Key Statistics of the Neighbourhood

The area surrounding the property has a population of 445 residents, with an average household size of 1.8 individuals. The community is characterized by a relatively mature demographic, with an average age of 44.7 years. The average household income stands at $70,500, although 20.8% of the population is classified as low-income. The real estate market reflects a median property price of $520,000, with a significant portion of the population (66.67%) renting their homes, while 57.5% of residents are single. Only 20% of households include children, indicating a more adult-centric community. Additionally, 10.98% of the residents are immigrants, contributing to the area’s diversity. Education levels are notably high, with 50% of the population holding a college or university degree. However, a substantial 41.67% of the residents are not participating in the labor force, which may impact local economic dynamics. Notably, there are no condominiums in the area, suggesting a different focus in the housing market. Overall, this demographic profile paints a picture of a mature, educated community with a significant proportion of renters and a diverse population.