44 Sherry Lane

Introducing a remarkable opportunity to acquire a house for sale in Ottawa , located at 44 Sherry Lane, Ottawa. This exceptional property is not just a home; it is a rare income-generating asset that boasts a legal secondary dwelling unit (SDU). Nestled on a desirable corner lot measuring 75 ft by 100 ft, this detached bungalow is perfect for investors, large families, or homeowners seeking a legal secondary unit to help alleviate mortgage costs.

The house for sale in Ottawa features two distinct units: a spacious three-bedroom unit on the main level and a comfortable two-bedroom unit in the lower level. Both units have undergone extensive professional renovations, ensuring that they meet modern standards while providing a welcoming atmosphere. The exterior of the property has been tastefully updated with contemporary pot lights, adding to its curb appeal.

Upon entering the main level unit, you will find a bright and airy space that includes a modern kitchen complete with quartz countertops, a separate in-unit laundry area, and three generously sized bedrooms. The main bathroom is also newly renovated, providing a fresh and stylish environment. This unit is perfect for families or individuals looking for a comfortable living space.

The lower level unit, which can be accessed via its own private entrance, is equally appealing. This unit features its own modern kitchen, two oversized bedrooms, and a full bathroom, along with a separate laundry area. Large windows in the basement ensure that the space is filled with natural light, creating a pleasant living environment. The house for sale in Ottawa truly offers a unique living arrangement that caters to various needs.

Both units are equipped with modern conveniences, including central air conditioning and a forced air heating system, ensuring comfort throughout the year. The property is connected to municipal water and sewer services, providing peace of mind for future homeowners. It is important to note that this house for sale in Ottawa does not feature a pool or a fireplace, but it compensates with its generous living space and excellent layout.

The property also boasts an attached garage with space for two vehicles, along with a long driveway that can accommodate an additional four cars. This ample parking is a significant advantage, especially given the prime location of 44 Sherry Lane, Ottawa. The home is situated just five minutes from Algonquin College and is conveniently located near major transit routes, making it an ideal choice for students or commuters. With quick access to both the 416 and 417 highways, residents will find travelling around the city to be effortless.

Currently, both units are rented out, generating an impressive monthly income of $5,300. This makes the house for sale in Ottawa not only a fantastic home but also a lucrative investment opportunity. Whether you are looking to expand your property portfolio or seeking a residence with the potential for additional income, this property checks all the boxes.

In summary, 44 Sherry Lane, Ottawa, is a beautifully renovated bungalow that offers two high-end units, extensive parking, and a prime location. With its legal secondary dwelling unit and separate entrance basement, this house for sale in Ottawa is a rare find that is sure to attract attention. Don’t miss your chance to own this exceptional property; it is a perfect blend of comfort, convenience, and investment potential.

Manordale, nestled within the vibrant city of Ottawa, offers a charming suburban atmosphere characterised by its tree-lined streets and well-maintained parks. This peaceful neighbourhood is predominantly residential, featuring a mix of single-family homes and townhouses, making it an ideal locale for families and professionals alike. With convenient access to local amenities, including schools, shopping centres, and recreational facilities, residents enjoy a balanced lifestyle that combines the tranquillity of suburban living with the dynamic offerings of the capital city. The community's close-knit feel is enhanced by its friendly residents and active involvement in local events, making Manordale a welcoming place to call home.

Schools in the Neighbourhood

This property is ideally situated near several reputable educational institutions, making it an excellent choice for families. The closest option is Manordale Public School, just 0.4 km away, offering English instruction for grades JK to 6, with a commendable school rating of 4.4. Knoxdale Public School, located 2.1 km from the property, provides a French language curriculum for the same grade levels and boasts a higher rating of 8.3. For older students, Sir Robert Borden High School is a mere 2.0 km away, catering to grades 7 to 12 in both English and French, with a solid rating of 6.9. Additionally, St. John XXIII School, only 1.1 km away, offers a Catholic education for younger students, rated at 5.1. For secondary education, St. Paul High School is located 3.3 km from the property and has a rating of 7.7. Overall, the area provides a diverse range of educational options, ensuring that children can receive quality education close to home, which is a significant advantage for potential buyers considering family needs.

Key Statistics of the Neighbourhood

The demographic profile of the area surrounding the property reveals a small, affluent community with a population of 430 residents. The average household size is 2.5, indicating a mix of families and individuals, with 41.67% of households having children. The average age of residents is 45.9 years, suggesting a mature population. Financially, the area boasts a high average household income of $135,000, with only 3.2% of the population classified as low-income. The real estate market reflects this affluence, with an average property price of $608,000. The community is characterized by a significant proportion of single individuals, comprising 48.05% of the population, and a notable 13.27% of residents are immigrants, contributing to its diversity. Additionally, 8.11% of the households are renters, while there are no condominiums in the area. Educational attainment is high, with 56.52% of residents holding a college or university degree. However, a considerable portion of the population, 42.39%, is not in the labor force, which may indicate a mix of retirees and individuals pursuing education or other interests. Overall, this area presents a blend of stability, affluence, and diversity.