430 Cote Street

Introducing a remarkable opportunity: a Multi-Family Home for sale in Ottawa , located at 430 Cote Street, Ottawa. This purpose-built triplex is situated on a generous deep lot measuring 40 x 130 feet, offering immense potential for both investors and families seeking a spacious living arrangement. The property is strategically located in the vibrant community of 3404 - Vanier, just a stone's throw from essential amenities, including schools, parks, transit options, and shopping facilities.

This impressive building, designed in a three-storey multiplex style, features a robust brick exterior that not only enhances its aesthetic appeal but also ensures durability. The property boasts a total of 18 rooms, including six well-appointed bedrooms and three bathrooms, making it an ideal choice for those looking to accommodate multiple families or generate rental income. The presence of three kitchens adds to the convenience and functionality of this Multi-Family Home for sale in Ottawa, allowing for seamless living arrangements.

As you explore the interior of 430 Cote Street, Ottawa, you will notice the extensive renovations that have been carried out, exceeding $150,000 in value. These improvements include modernised kitchens and bathrooms, updated flooring, a new fire alarm system, and an inviting front door entrance. Such enhancements not only elevate the living experience but also contribute to the overall value of this Multi-Family Home for sale in Ottawa.

The property is equipped with a gas furnace, which was installed in 2024, ensuring efficient heating throughout the colder months. While there is no central air conditioning or fireplace, the home remains comfortable and inviting. The full, finished basement includes a one-bedroom unit that currently generates a rental income of $1,700 per month. The main floor features a two-bedroom unit that commands a rental price of $2,100, while the upstairs two-bedroom unit is rented for $2,000. This impressive rental structure results in an annual income of approximately £70,800, with a net income of £55,695 after accounting for annual expenses of £15,102.

Parking is not an issue at 430 Cote Street, Ottawa, as the property offers space for up to six vehicles, providing convenience for tenants and guests alike. However, it is worth noting that there is no garage or driveway, which may be a consideration for potential buyers. The home is unfurnished, allowing new owners to personalise the space to their liking.

The zoning classification of R4-UA presents an exciting opportunity for future expansion of the building, making this Multi-Family Home for sale in Ottawa an even more attractive investment. The potential for growth in this property is significant, especially given its prime location within the community of 3404 - Vanier.

In summary, 430 Cote Street, Ottawa, is a well-maintained, multi-family home that promises excellent cash flow and a strategic location. With its extensive renovations, multiple rental units, and the potential for further development, this property is a fantastic opportunity for investors or families looking to maximise their living space. Don't miss your chance to own this exceptional Multi-Family Home for sale in Ottawa, where comfort, convenience, and potential converge. Whether you are an experienced investor or a first-time buyer, this property is sure to impress and provide a solid return on investment.

Vanier, located just east of downtown Ottawa, is a vibrant and diverse neighbourhood known for its rich cultural tapestry and strong sense of community. Characterised by a mix of residential streets, local shops, and parks, Vanier offers a unique blend of urban convenience and suburban charm. The area is home to a variety of amenities, including cafes, restaurants, and recreational facilities, making it an ideal spot for families and young professionals alike. With its close proximity to the Ottawa River and easy access to public transport, residents can enjoy the bustling city life while also appreciating the tranquillity of green spaces. Vanier's welcoming atmosphere and community spirit make it a delightful place to call home.

Schools in the Neighbourhood

This property is conveniently located near several reputable schools, making it an ideal choice for families. The closest option is Robert E. Wilson Public School, an English-language elementary school just 0.2 km away, rated 4 out of 10. Queen Elizabeth Public School, also an elementary institution offering grades JK to 8, is a short 0.7 km away with a rating of 3.9. For French immersion, Manor Park Public School (1.8 km away) and Vincent Massey Public School (3.9 km away) both provide quality education, rated 6 and 6.9 respectively. For secondary education, Lisgar Collegiate Institute, located 3.3 km away, offers grades 9 to 12 and has a strong rating of 7.9. Additionally, Immaculata High School, a Catholic secondary school, is 3.6 km from the property and has a rating of 5.8. Families will also find St. Michael School, a Catholic elementary school, just 0.7 km away, rated 3.3. Overall, the area boasts a variety of educational options in both English and French, catering to different preferences and needs.

Key Statistics of the Neighbourhood

The area surrounding the property has a population of 446 residents, with an average household size of 2. The demographic profile indicates a mature community, with an average age of 42 years. The average household income stands at $77,500, although 16.5% of the population is classified as low-income. The real estate market reflects a median property price of $530,000, with 58.7% of residents renting their homes. A significant portion of the population is single, comprising 60.26%, while households with children account for 23.81%. The community is diverse, with 20% of residents being immigrants, and educational attainment is relatively high, with 57.47% holding a college or university degree. However, a notable 43.68% of the population is not actively participating in the labor force. Additionally, condos make up 8.7% of the housing options available in the area. Overall, this demographic snapshot reveals a well-educated, diverse community with a mix of families and singles, alongside a substantial rental market.