385 Montfort Street

Introducing a remarkable opportunity to acquire a Multi-Family Home for sale in Ottawa , located at 385 Montfort Street, Ottawa. This property presents a unique chance for both redevelopment and renovation on a generous 50 x 95-foot lot in the highly sought-after area of Vanier. The existing multiplex structure is zoned R4UA, allowing for the potential development of up to eight units, with proposed zoning possibly offering even greater flexibility.

The property at 385 Montfort Street, Ottawa, is a two-storey building clad in durable aluminium siding, ensuring both longevity and low maintenance. The home features a total of 11 rooms, including two well-appointed kitchens, making it ideal for multi-family living or as an investment property. The current layout includes two separate units; the main level unit boasts a spacious living and dining area, a sizeable kitchen, three bedrooms, and a full bathroom equipped with a soaker tub, providing comfort and convenience for its residents.

The upper unit, accessible via a separate side entrance, offers a bright living room with a large window that allows ample natural light to flood the space. This unit features an apartment-style kitchen, two bedrooms, and a bathroom, making it perfect for a small family or as a rental unit. The potential of this Multi-Family Home for sale in Ottawa is evident, whether you choose to renovate the existing structure or explore the possibilities of infill development.

Situated in a vibrant community, the property at 385 Montfort Street, Ottawa, is within walking distance of numerous amenities, including parks, schools, shopping centres, dining options, and public transit. The St. Laurent Complex and the public library are also conveniently nearby, enhancing the appeal of this location for families and individuals alike. The property’s roof was updated in 2014, providing peace of mind regarding maintenance.

For those concerned about parking, the exclusive driveway accommodates two vehicles, and there is ample street parking available for guests. Although there is no garage space or central vacuum system, the property does offer two bathrooms and an unfinished basement, which presents an opportunity for additional storage or future development.

This Multi-Family Home for sale in Ottawa is unfurnished, allowing new owners to personalise the space to their taste and requirements. The heating system is forced air, and while there is no air conditioning, the above-ground pool offers a refreshing retreat during the warmer months. The property is connected to municipal water and sewer services, ensuring a reliable and convenient living experience.

With its prime location and versatile zoning, the potential for this property is truly abundant. Whether you are looking to invest in a Multi-Family Home for sale in Ottawa or seeking a project to renovate and make your own, 385 Montfort Street, Ottawa, is a property that should not be overlooked.

Book your showing today to explore the possibilities that await you at this exceptional address. Please note that the property is being sold as is, where is, and floor plans are attached for your convenience. Don’t miss out on this incredible opportunity to own a piece of Ottawa real estate that offers so much potential for growth and development.

Vanier, located just east of downtown Ottawa, is a vibrant and diverse neighbourhood that offers a unique blend of urban living and community spirit. Known for its rich cultural tapestry, Vanier features a variety of shops, cafes, and restaurants, many of which reflect the area's French-Canadian heritage. The community is well-served by public transport, making it easy to access the city's amenities while maintaining a distinct local charm. With its parks and recreational facilities, Vanier provides ample opportunities for outdoor activities, making it an appealing choice for those seeking a lively yet welcoming environment in the heart of Ottawa.

Schools in the Neighbourhood

This property is conveniently located near several reputable schools, making it an excellent choice for families. Within a short distance, you’ll find Robert E. Wilson Public School (0.8 km) and Assumption School (0.7 km), both offering elementary education in English, with ratings of 4 and 5, respectively. Queen Elizabeth Public School, also an elementary institution, is just 0.9 km away and serves grades JK to 8, boasting a rating of 3.9. For those seeking French-language education, Manor Park Public School (1.2 km) and Vincent Massey Public School (4.5 km) provide strong options with ratings of 6 and 6.9. Additionally, Lisgar Collegiate Institute, a secondary school rated 7.9, is located 3.3 km from the property, while Immaculata High School, rated 5.8, is 3.9 km away. All schools are part of the Ottawa-Carleton District School Board or the Ottawa Catholic School Board, ensuring a quality education. With such a variety of educational institutions nearby, this location is ideal for families looking to provide their children with a strong academic foundation.

Key Statistics of the Neighbourhood

The area surrounding the property has a population of 503 residents, with an average household size of 2.1 individuals. The community has a relatively mature demographic, with an average age of 43.3 years. Economic conditions are favorable, as the average household income stands at $99,000, although 10.4% of the population is classified as low-income. The real estate market reflects a median home price of $610,000, with 43.4% of residents being renters and 24.53% living in condominiums. The social fabric of the area includes a significant proportion of single individuals at 50.57%, and 29.63% of households have children. The community is also diverse, with 13.27% of residents being immigrants. Education levels are high, with 73.47% of the population holding a college or university degree. However, a notable 41.84% of residents are not in the labor force, indicating a potential demographic trend towards retirement or other non-working statuses. Overall, this area combines a well-educated populace with a mix of families and singles, contributing to its unique community character.