386-388 First Avenue

Welcome to 386-388 First Avenue, Ottawa! This exceptional property presents a remarkable opportunity to acquire a Multi-Family Home for sale in Ottawa , featuring two charming semi-detached homes, or a double side-by-side configuration, nestled in the heart of The Glebe, one of Ottawa's most desirable urban neighbourhoods. This location is not just about living; it’s about thriving in a community that offers a blend of convenience and vibrancy.

At 386-388 First Avenue, you will discover a versatile living arrangement that allows you to live in one unit while renting out the other, or alternatively, you could rent both for an excellent investment return. The first unit, 386 First Avenue, boasts a warm and inviting living room complete with a wood-burning fireplace, perfect for those cosy evenings. The formal dining room is ideal for entertaining guests, while the kitchen, equipped with a breakfast nook, provides a delightful space for casual dining. This unit features four generous bedrooms, two bathrooms, and a den, along with a versatile third-floor loft that can serve as a home office, studio, or playroom.

The second unit, 388 First Avenue, mirrors the layout of the first but includes three bedrooms, making it perfect for extended family living, guest rental income, or simply as a comfortable guest space. Both homes are equipped with their own private backyards, each featuring a deck that is perfect for outdoor relaxation. Additionally, there is a single detached garage for each unit, along with a dedicated laneway that offers parking for up to five additional vehicles. This Multi-Family Home for sale in Ottawa truly caters to the needs of modern living.

The lower finished level of the property provides a laundry area, additional living space with a walkout, and ample storage options, ensuring that both units are practical and functional. The potential for development is significant, as the partially finished basement offers walk-out access and further development potential, subject to City of Ottawa zoning and approvals. With a total of 20 rooms and 18 additional rooms across both units, this property is ideal for owner-occupancy with income, multi-generational living, or full rental conversion into a triplex or fourplex.

Situated in the vibrant Glebe community, this Multi-Family Home for sale in Ottawa is just steps away from Bank Street, the Glebe Community Centre, various parks, Lansdowne, top-rated schools, and Carleton University. The location offers quick access to public transport and Highway 417, making it incredibly attractive for tenants and ensuring a strong future resale value. Investing in the Glebe means unlocking the full potential of this character-filled property in one of the city’s highest-demand rental markets.

The property itself features a brick and stucco exterior, enhancing its curb appeal, while the lot measures an impressive 61 x 103 feet. With central air conditioning, a family room, and a baseboard heating system, comfort is guaranteed throughout the year. While there is no pool or central vacuum system, the presence of internet connectivity ensures that modern conveniences are at your fingertips. This Multi-Family Home for sale in Ottawa is unfurnished, allowing you to personalise the space to your liking.

Furthermore, the proximity to the upcoming brand-new Civic Hospital Campus makes this home particularly appealing for healthcare professionals and those seeking proximity to medical services. Whether you are an investor looking to convert this property into a multi-plex or a family seeking a unique multi-generational living arrangement, this is an opportunity you won’t want to miss.

Don’t hesitate to book your private viewing today and experience all that 386-388 First Avenue, Ottawa has to offer. This Multi-Family Home for sale in Ottawa is not just a property; it’s a gateway to a vibrant lifestyle in one of the city’s most cherished neighbourhoods.

Glebe, located in the heart of Ottawa, is a charming and vibrant neighbourhood known for its picturesque streets and rich history. This area is characterised by its stunning heritage homes, lush green spaces, and a lively atmosphere that attracts both families and young professionals. With an array of boutique shops, delightful cafés, and diverse dining options along Bank Street, residents enjoy a strong sense of local culture. The proximity to the Rideau Canal offers opportunities for outdoor activities, particularly in the summer and winter months. Glebe is also well-connected to the city centre, making it an ideal location for those seeking a blend of urban convenience and community spirit.

Schools in the Neighbourhood

This property is ideally located near several educational institutions, making it a great choice for families. The closest school is R.H. Murray Public School, just 0.5 km away, offering grades K to 8 under the Rainbow District School Board. For secondary education, Glebe Collegiate Institute is a mere 0.2 km from the property, boasting a commendable school rating of 7.7. Additionally, Mutchmor Public School and Hopewell Avenue Public School, both within 0.6 km and 1.4 km respectively, provide French-language instruction for elementary grades, with ratings of 8.4 and 9, indicating strong academic performance. Corpus Christi School, also nearby, offers Catholic education for younger students, while Immaculata High School caters to grades 7 to 12, located 1.8 km away. With a variety of public and Catholic schools in close proximity, this property ensures that families have access to quality education options in both English and French, enhancing the appeal for potential buyers seeking a family-friendly neighborhood.

Key Statistics of the Neighbourhood

The demographic profile of the area surrounding the property reveals a small, affluent community with a population of 351 residents. The average household size is 2.1, indicating a mix of individuals and families. The average age of residents is 42.7 years, suggesting a mature population. With an impressive average household income of $208,000, the area is characterized by economic stability, with only 6% of the population classified as low-income. The average property price stands at $1,280,000, reflecting the area's desirability. Approximately 45.31% of residents are single, while 40% of households include children, highlighting a blend of demographics. The community also has a notable percentage of renters at 43.33%, with no condominiums present. Education levels are high, with 79.03% of residents holding a college or university degree. However, 32.26% of the population is not in the labor force, which may indicate a focus on education or retirement. Additionally, 11.43% of residents are immigrants, contributing to the area's cultural diversity. Overall, this demographic snapshot illustrates a well-educated, affluent community with a balanced mix of family and individual households.