315 Waverley Street W

Welcome to your next investment opportunity, a Multi-Family Home for sale in Ottawa , located at 315 Waverley Street W, Ottawa. This remarkable property is a solid brick multiplex, perfectly positioned in the vibrant heart of Centertown, offering a unique blend of historical charm and modern living. With its impressive features and prime location, this multi-family home is sure to attract both seasoned investors and those looking to make a mark in the real estate market.

At 315 Waverley Street W, Ottawa, you'll discover a spacious building that boasts five self-contained apartments, making it an ideal Multi-Family Home for sale in Ottawa. The layout includes a mix of three three-bedroom units and two one-bedroom units, catering to a variety of tenants. Each apartment is filled with natural light, thanks to the large sash windows that not only enhance the aesthetic appeal but also create a warm and inviting atmosphere. The high ceilings and hardwood floors throughout the building add to the classic charm, making this property stand out in the bustling Centertown area.

One of the standout features of this Multi-Family Home for sale in Ottawa is its prime location. Situated just steps away from an array of shops, restaurants, and cultural attractions, residents will enjoy the convenience of urban living. Public transit is also readily accessible, ensuring that getting around the city is a breeze. The area is known for its high tenant demand, making this property a lucrative investment with excellent potential for rental income.

While the property is unfurnished, it provides a blank canvas for new owners to put their personal touch on each unit. The building features a total of 17 rooms, including five kitchens and five bathrooms, making it practical for everyday living. Although there is no central vacuum system, pool, or fireplace, the essential amenities are all in place. The heating is provided by a water system, and the property is connected to municipal water and sewer services, ensuring reliable utilities for all residents.

The exterior of the building, with its classic brick façade, not only speaks to its historical significance but also requires minimal maintenance. The lot measures a generous 54 x 99 feet, providing ample outdoor space, although there is no garage or driveway included. However, parking is available for up to two vehicles, which is a valuable feature in such a central location.

The basement of the property is currently unfinished, presenting an exciting opportunity for future owners to develop additional living space or storage. Whether you envision creating more rental units or a communal area for tenants, the possibilities are endless. This Multi-Family Home for sale in Ottawa truly offers a wealth of potential for those with a vision.

In summary, 315 Waverley Street W, Ottawa, is not just a property; it’s a chance to own a piece of Centertown’s history while reaping the rewards of a solid investment. With its combination of historical architecture, prime location, and high tenant demand, this multi-family home is an exceptional opportunity. Don’t miss your chance to explore this Multi-Family Home for sale in Ottawa and see the potential it holds for both immediate returns and long-term growth. Whether you’re an experienced investor or just starting out, this property is worth a closer look.

Ottawa Centre, designated as postal code 4103, is a vibrant and diverse geographic area nestled in the heart of Canada’s capital city, Ottawa. This dynamic neighbourhood is characterised by its rich blend of cultural heritage, green spaces, and urban amenities. Residents enjoy easy access to a variety of shops, cafes, and restaurants, as well as cultural institutions like museums and galleries. The area is well-served by public transport, making it convenient for commuting and exploring the city. With its lively atmosphere and community events, Ottawa Centre offers a welcoming environment for newcomers looking to immerse themselves in the city’s unique charm and lively spirit.

Schools in the Neighbourhood

This property is conveniently located near several reputable schools, making it an ideal choice for families. Within a short distance, you will find Elgin Street Public School, just 0.2 km away, offering a French-language curriculum for grades JK to 6, with a commendable school rating of 7.5. Centennial Public School, 1.0 km from the property, provides an English-language education for grades JK to 6 and holds a solid rating of 4.4. For older students, Lisgar Collegiate Institute, located 0.7 km away, serves grades 9 to 12 and boasts an impressive rating of 7.9. Additionally, Glashan Public School, situated 0.6 km from the property, caters to grades 7 to 8, although it currently has a rating of 0. For families interested in French immersion, Hopewell Avenue Public School, 2.4 km away, offers grades JK to 8 and has an excellent rating of 9. The nearby Corpus Christi School and Immaculata High School provide Catholic education options, with ratings of 5.9 and 5.8, respectively. This diverse educational landscape ensures that your children will have access to quality schooling at every stage of their development.

Key Statistics of the Neighbourhood

The demographic profile of the area surrounding the property reveals a small, yet vibrant community with a population of 648 residents as of 2021. The average household size is relatively low at 1.5, indicating a significant number of single-person households, which make up 62.9% of the population. The average age of residents is 39.4 years, suggesting a mature demographic. With an average household income of $86,400, the area exhibits a relatively affluent profile, though 9.2% of the population falls below the low-income threshold. Housing is predominantly rental, with 83.7% of residents renting their homes, and the average property price is approximately $580,000. Families with children represent 16% of households, while a notable 18.62% of the population are immigrants, contributing to the area's diversity. Additionally, a significant 83.1% of residents hold a college or university degree, reflecting a well-educated community. However, 26.06% of the population is not in the labor force, indicating potential challenges in workforce participation. Overall, this area presents a unique blend of demographics that could appeal to various potential buyers or renters.