382 Brant Street

Nestled in the heart of Ottawa, at 382 Brant Street, this exceptional Multi-Family Home for sale in Ottawa presents a remarkable investment opportunity. This meticulously maintained and updated multiplex building boasts an impressive five fully rented units, each designed to offer comfort and convenience. The property is situated in the vibrant community of 3404 - Vanier, making it an ideal location for tenants seeking proximity to shopping, transit, schools, parks, and the bustling downtown core.

As you approach the property at 382 Brant Street, Ottawa, you will immediately notice the inviting exterior, which, while not elaborately styled, offers a practical and functional appeal. The building features a 2 1/2 storey design, ensuring ample living space across its twelve rooms, including four kitchens, four bedrooms, and five bathrooms. Each of the five units is a one-bedroom, one-bathroom apartment, making it perfect for singles or couples looking for a comfortable living environment. Additionally, there is a den that can be utilised as an office or study, providing even more versatility to the living arrangements.

The property is equipped with essential amenities, including internet access, ensuring that all tenants can stay connected. The family room offers a communal space for residents to relax and unwind, fostering a sense of community within the building. However, it is worth noting that this Multi-Family Home for sale in Ottawa does not feature air conditioning or a central vacuum system, which may be considerations for potential buyers.

The kitchen facilities are particularly impressive, with four kitchens and an additional kitchen, allowing for flexibility and ease of meal preparation. Recent upgrades have been made to the kitchens, appliances, bathrooms, and flooring, ensuring that each unit is modern and appealing to tenants. The updated windows and recently replaced roof add to the property's overall maintenance and longevity, providing peace of mind for any prospective owner.

One of the standout features of this property is the common laundry room located in the basement. This space not only serves the residents but also has the potential to generate additional income, making this Multi-Family Home for sale in Ottawa an even more attractive investment. Each apartment is equipped with its own hydro meter, allowing tenants to pay for their own electricity, which simplifies management and maintenance for the landlord.

The lot measures a generous 57 x 72 feet and is zoned R4UA, which allows for high-density living and offers potential for future development. This means that there is an opportunity to extend the building or add additional structures, making it a valuable asset for any investor. Why go through the hassle of purchasing land and navigating development permits when you can acquire this income-generating property today at a competitive cap rate?

Parking is another advantage of this property, with a private driveway that accommodates up to three vehicles. Although there is no garage space, the wide double lane driveway provides ample room for residents and guests. The property is unfurnished, allowing new owners to personalise the space to their liking.

In summary, this Multi-Family Home for sale in Ottawa at 382 Brant Street, Ottawa, is an outstanding investment opportunity. With excellent tenants already in place, recent upgrades throughout the building, and a prime location near essential amenities, this property is ready to generate income from day one. Don’t miss your chance to own this fantastic investment property, perfectly situated in a thriving community, and poised for future growth. Whether you are an experienced investor or a first-time buyer, this property is sure to meet your needs and exceed your expectations.

Vanier, located just east of downtown Ottawa, is a vibrant and diverse neighbourhood known for its rich cultural tapestry and strong sense of local identity. The area features a mix of residential streets, parks, and community spaces, making it an appealing choice for those seeking a lively urban environment. With a variety of shops, cafes, and restaurants reflecting the multicultural influences of the residents, Vanier offers a unique blend of amenities. The community is well-connected to public transport, providing easy access to the city centre and beyond, while its green spaces, such as the picturesque Riverain Park, offer a welcome respite from the hustle and bustle of city life. Overall, Vanier is a charming neighbourhood that combines the convenience of urban living with a warm, welcoming atmosphere.

Schools in the Neighbourhood

This property is conveniently located near several educational institutions, making it an excellent choice for families. Within a short distance, you will find Robert E. Wilson Public School, just 0.2 km away, offering English-language education for grades JK to 6 and boasting a solid rating of 4. St. Michael School, a Catholic institution also teaching JK to 6, is only 0.3 km from the property, although it has a slightly lower rating of 3.3. For those with older children, Lisgar Collegiate Institute, a secondary school rated 7.9, is located 3.1 km away, providing education from grades 9 to 12. Additionally, Manor Park Public School and Vincent Massey Public School, both offering French-language instruction for elementary grades, are situated 2.2 km and 3.5 km away, respectively, with ratings of 6 and 6.9. Lastly, Immaculata High School, a Catholic secondary school, is 3.3 km from the property and serves grades 7 to 12 with a rating of 5.8. This diverse range of schools ensures quality education options for children of all ages, enhancing the appeal of the property for potential buyers.