378-380 Booth Street

If you're on the lookout for a fantastic investment opportunity, look no further than this Multi-Family Home for sale in Ottawa , located at 378-380 Booth Street, Ottawa. Nestled in the vibrant community of 4205 - West Centre Town, this versatile three-unit property is truly a gem. With a unique blend of residential and commercial potential, it’s perfect for anyone looking to make the most of urban living.

The building itself is a charming 2-storey multiplex, constructed from sturdy brick, and boasts three kitchens—ideal for the culinary enthusiast or those who appreciate the convenience of having multiple cooking spaces. This Multi-Family Home for sale in Ottawa features three spacious bedrooms and three bathrooms, making it a comfortable choice for families or tenants alike. While there’s no den, the layout of the property allows for flexible living arrangements, ensuring everyone has their own space.

One of the standout features of this property is the spectacular ground-floor space, which offers endless possibilities. Whether you're considering an art studio, hair salon, or any personal services, this area is ready for your vision. The upper level comprises two well-appointed one-bedroom apartments, which are currently occupied by family and friends. However, with an estimated market rent of approximately £2,000 per unit, this could be a lucrative source of supplemental rental income for the savvy investor.

Situated at 378-380 Booth Street, Ottawa, this Multi-Family Home for sale in Ottawa also boasts a lovely, maintenance-free urban courtyard, perfect for enjoying those warm summer evenings. The rear of the property features a 20' x 50' parking lot that can accommodate up to six vehicles, a rare find in such a central location. Although there’s no garage space or driveway, the ample parking available is a significant advantage for residents and guests.

The property is equipped with central air conditioning to keep you cool during the hot months, and the heating is provided by a forced air system, ensuring comfort throughout the year. While there’s no fireplace or central vacuum system, the home is unfurnished, giving you the freedom to style it to your liking. The sewer and municipal water systems are in place, and the basement is currently unfinished, offering potential for further development or storage.

As you explore this Multi-Family Home for sale in Ottawa, you’ll appreciate its excellent street presence and the potential for future development on the second lot. This makes it an outstanding opportunity for anyone looking to embrace a live-work-play lifestyle in a prime urban location. The property is currently owner-occupied, but all three units can be delivered vacant upon possession, allowing you to take full advantage of this unique offering.

With a lot size of 33 x 90 feet, there’s plenty of outdoor space to enjoy, whether it’s for relaxation or entertaining guests. The community of 4205 - West Centre Town is vibrant and full of life, making it an attractive area for both residents and businesses.

In summary, if you’re seeking a Multi-Family Home for sale in Ottawa that combines residential comfort with commercial potential, 378-380 Booth Street, Ottawa, is the place to be. This property is not just a home; it’s a unique opportunity waiting for the right owner to unlock its full potential. Don’t miss out on the chance to visit this remarkable property—it’s well worth your time!

West Centre Town, located in the heart of Ottawa, is a vibrant and diverse neighbourhood that seamlessly blends urban living with a strong sense of community. Characterised by its charming tree-lined streets and a mix of historic and modern architecture, the area offers a rich tapestry of cultural experiences, local eateries, and boutique shops. Residents enjoy easy access to public transport and are within walking distance of the bustling downtown core, as well as beautiful parks and recreational spaces. With a welcoming atmosphere and a strong sense of belonging, West Centre Town is an ideal place for those seeking a dynamic urban lifestyle while still feeling connected to their surroundings.

Schools in the Neighbourhood

This property is conveniently located near several educational institutions, making it an excellent choice for families. The closest school is R.H. Murray Public School, just 0.7 km away, offering grades K to 8 under the Rainbow District School Board. In Ottawa, you will find a variety of public and Catholic schools within a short distance. Glebe Collegiate Institute, a secondary school rated 7.7, is 1.1 km away, while Devonshire Community Public School, which offers French-language instruction for grades JK to 6, is only 0.8 km from the property and boasts an impressive rating of 8.5. St. Anthony School, a Catholic elementary school, is even closer at just 0.1 km and has a rating of 7.5. Other nearby schools include Fisher Park Public School and Immaculata High School, providing additional options for education. With a mix of English and French language programs, as well as both public and Catholic education choices, this area caters to diverse educational needs, ensuring that families have access to quality schooling for their children.

Key Statistics of the Neighbourhood

The area surrounding the property has a population of 584 residents, with an average household size of 1.8 individuals. The demographic profile reveals an average age of 37.6 years and a robust average household income of $98,400. Notably, 13.2% of the population is classified as low-income. The housing market reflects an average property price of $660,000, with 61.54% of residents being renters and 12.31% living in condominiums. The community is characterized by a significant single population, making up 56.19%, while 25.93% of households include children. Additionally, 22.14% of the residents are immigrants, contributing to the area's diversity. Education levels are high, with 69.6% of the population holding a college or university degree. However, 24% of the residents are not participating in the labor force, indicating potential economic challenges. Overall, this neighborhood presents a blend of young professionals and families, with a strong emphasis on education and a significant rental market, making it an appealing area for various demographics.