320 Ninth Avenue

Introducing a remarkable investment opportunity: a Multi-Family Home for sale in Cochrane , located at 320 Ninth Avenue, Cochrane. This well-positioned multiplex is situated on a generous corner lot measuring 66 X 132 feet, providing ample space and potential for various uses. The property, which has been meticulously maintained over the years, boasts a building style that is both practical and appealing, being a two-storey structure clad in durable vinyl siding.

As you explore this Multi-Family Home for sale in Cochrane, you will discover that it features a total of seven rooms, including four spacious bedrooms and two full bathrooms. The main floor unit is designed with an open-concept layout, allowing for a bright and airy atmosphere that is perfect for both living and entertaining. The kitchen is equipped with modern amenities and flows seamlessly into the living area, making it an ideal space for family gatherings or socialising with friends. Additionally, this unit includes two bedrooms, a full bathroom complete with laundry hookups, and a bonus room that has its own exterior entrance. This versatile space can easily be transformed into a third bedroom or a home office, catering to your specific needs.

The upper-level apartment in this Multi-Family Home for sale in Cochrane also features an open-concept design, with a kitchen and living area that exudes comfort and convenience. Two additional bedrooms and another full bathroom with in-unit laundry hookups complete this level, making it an attractive option for tenants or family members seeking privacy.

While the property does not include a family room, central vacuum system, or a fireplace, it compensates with its functional layout and potential for additional income. The unfinished walk-out basement offers a separate entrance and includes a utility room and workshop area. This space presents an exciting opportunity for the new owner to create a third unit, further enhancing the income potential of this Multi-Family Home for sale in Cochrane.

The exterior of the property is equally impressive, with a spacious corner lot that provides ample parking for up to eight vehicles, ensuring convenience for both residents and guests. Although there is no garage, the available driveway space is more than sufficient for parking needs. The property is unfurnished, allowing new owners to personalise the space to their taste and preferences.

Situated in a highly sought-after area of Cochrane, this Multi-Family Home for sale in Cochrane is just a short walk from essential amenities, including schools, the beach, and the hospital. The location is perfect for families and individuals alike, making it a prime choice for both investors and those looking to reside in one unit while renting out the other.

The property has seen significant updates, including new siding in 2018, a new furnace in 2016, and a new roof in 2016, ensuring that it is not only aesthetically pleasing but also structurally sound. With municipal water and sewer services, as well as internet connectivity, this home is equipped to meet modern living standards.

In summary, this Multi-Family Home for sale in Cochrane at 320 Ninth Avenue, Cochrane, is an exceptional opportunity for anyone looking to invest in a property with great income potential. With its prime location, generous living spaces, and the possibility of creating additional rental units, this property is not to be missed. Act quickly to secure this fantastic investment in a high-demand area!

Cochrane, nestled just north of Calgary in Alberta, offers a picturesque blend of natural beauty and modern amenities, making it an ideal place for prospective residents. Surrounded by stunning mountain views and expansive green spaces, the area boasts a vibrant atmosphere with a strong sense of community spirit. The town features a charming downtown area filled with local shops, cafes, and restaurants, while outdoor enthusiasts will appreciate the proximity to numerous trails and parks for hiking, biking, and enjoying the great outdoors. With its friendly neighbourhoods and a range of recreational activities, Cochrane provides a welcoming environment for families, professionals, and retirees alike, all while maintaining easy access to the urban conveniences of nearby Calgary.

Schools in the Neighbourhood

This property is conveniently located near several educational institutions, making it an ideal choice for families. Within just 1.4 kilometers, you'll find Cochrane Public School, which offers both English and French language programs for students from Junior Kindergarten to Grade 8. This school is part of the District School Board Ontario North East, ensuring a standardized quality of education. Additionally, École Secondaire Cochrane High School is also situated nearby, providing French language instruction for grades 9 to 12. The close proximity of these schools allows for easy access to quality education, fostering a supportive learning environment for children. While the school ratings are currently not available, the presence of both English and French language options caters to diverse educational needs. Living here means your children can enjoy a short commute to school, allowing for more family time and less stress during school days. Overall, this property is well-positioned to meet the educational needs of your family, making it a great investment in your children's future.

Key Statistics of the Neighbourhood

The demographic profile of the area surrounding the property reveals a small community with a population of 620 residents. The average household size is 2.1, indicating a mix of single individuals and families, with 48.54% of the population identifying as single and 28.57% of households having children. The average age of residents is 42 years, suggesting a mature population. Economic indicators show an average household income of $70,000, with 15.4% of the population classified as low-income. The average property price in the area is $206,000, making it relatively accessible. Approximately 39.66% of residents are renters, while there are no condominiums reported in the area. Educational attainment is notable, with nearly half (49.47%) of the population holding a college or university degree. However, there is also a significant portion of the population (49.47%) not participating in the labor force. Interestingly, the area has no reported immigrants, which may indicate a stable, long-term resident community. Overall, this demographic snapshot highlights a blend of educational achievement, economic diversity, and a balanced mix of household compositions within the community.