358 Winston Avenue

Introducing an exceptional opportunity: a Multi-Family Home for sale in Ottawa , located at 358 Winston Avenue, Ottawa. This impressive multiplex building boasts a prime position in one of Ottawa's most sought-after neighbourhoods, specifically in the vibrant community of 5102 - Westboro West. With its strategic location just steps away from transit and the Light Rail Transit (LRT), as well as being within walking distance to the lively Wellington Street, this property is not only a fantastic investment but also offers an enviable lifestyle for its residents.

The building itself is a well-maintained three-storey structure, constructed primarily of brick, which adds to its charm and durability. This Multi-Family Home for sale in Ottawa features a total of six spacious one-bedroom units, each designed to provide comfort and functionality. With a total of 30 rooms, including six kitchens and six bathrooms, this property is perfectly equipped to cater to the needs of its tenants. The absence of a den or additional rooms does not detract from the overall appeal, as the layout is efficient and thoughtfully designed for maximum occupancy.

Occupying a generous lot of 66 by 92 feet, this Multi-Family Home for sale in Ottawa is situated on a quiet street, ensuring a peaceful environment for its residents. The property does not include a garage or driveway; however, it offers ample parking space for up to six vehicles, which is a significant advantage in this bustling area. The building is unfurnished, allowing new owners the flexibility to style the interiors to their liking, while the absence of a central vacuum system and air conditioning is a minor consideration given the property's many other advantages.

One of the standout features of this property is its impressive income potential. With stable tenants already in place, the building generates a solid income exceeding £95,000 per year, making it an attractive investment for those looking to enter the rental market. The well-established nature of the tenants adds a layer of security for prospective buyers, ensuring a steady cash flow from the outset. Additionally, there is considerable potential for future rent increases, which could further enhance the profitability of this Multi-Family Home for sale in Ottawa.

Over the years, the property has undergone numerous renovations and upgrades, enhancing its appeal and functionality. These improvements contribute to the building's overall value and desirability, making it a wise investment choice. The full basement offers additional storage options, further adding to the practicality of the property. The municipal water and sewer services ensure that essential utilities are readily available, simplifying management for any prospective owner.

Furthermore, the location of 358 Winston Avenue, Ottawa, is undeniably advantageous. The surrounding Westboro area is renowned for its shopping, dining, and recreational amenities, making it an attractive place for tenants to live. The proximity to downtown Ottawa ensures that residents can easily access the city's vibrant culture and employment opportunities. This is not just a property; it is a gateway to a thriving community.

In conclusion, this Multi-Family Home for sale in Ottawa, located at 358 Winston Avenue, Ottawa, represents an outstanding investment opportunity in a rapidly changing area. With its well-maintained units, solid income potential, and prime location, this property is poised for future growth. Whether you are an experienced investor or a newcomer to the property market, this is an opportunity not to be missed. Embrace the potential of this remarkable building and secure your place in one of Ottawa's most desirable neighbourhoods today.

Westboro West, located in the vibrant city of Ottawa, is a charming neighbourhood that beautifully blends urban convenience with a touch of suburban tranquility. Characterised by its tree-lined streets and a mix of modern and traditional homes, this area offers a welcoming atmosphere for potential residents. The community is well-served by local amenities, including boutique shops, cafes, and parks, making it an ideal spot for families and professionals alike. With easy access to public transport and proximity to the Ottawa River, Westboro West provides a perfect balance of leisure and accessibility, ensuring that residents can enjoy both the lively city life and the serene outdoors.

Schools in the Neighbourhood

This property is conveniently located near several reputable schools, making it an ideal choice for families. The closest option is Churchill Alternative School, a public elementary school offering grades JK to 6, situated just 0.4 km away with a school rating of 6.2. A bit further, at 1.2 km, is Broadview Avenue Public School, which provides both English and French immersion programs for grades JK to 8, boasting a solid rating of 7.3. For secondary education, Nepean High School is located 1.0 km from the property, offering grades 9 to 12 with an impressive rating of 8.2. Additionally, St. George School, a Catholic elementary school, is 1.5 km away, catering to grades JK to 6 with a rating of 7.7. Finally, Notre Dame High School, also a Catholic institution, is 1.6 km away, serving grades 7 to 12, although it has a lower rating of 5.4. Overall, the proximity to a variety of quality educational institutions in both English and French, along with public and Catholic options, provides excellent choices for families considering this property.