446 Cambridge Street S

Introducing a remarkable opportunity to acquire a Multi-Family Home for sale in Ottawa , located at 446 Cambridge Street S, Ottawa. This charming multiplex, situated in the desirable community of 4502 - West Centre Town, offers a unique blend of convenience and comfort. With its prime location nestled between the vibrant Glebe and Little Italy, this property is just a stone's throw away from a plethora of everyday amenities, including a 24/7 McDonald's, Tim Hortons, and various grocery and convenience stores. The area is well-served by direct bus routes to Carleton University and the University of Ottawa, making it an ideal choice for students and young professionals alike.

This Multi-Family Home for sale in Ottawa boasts a well-maintained exterior of brick, showcasing its classic two-storey building style. The property features a total of 14 rooms, including three kitchens, five bedrooms, and three bathrooms, making it a spacious option for families or tenants. The layout of the house is particularly appealing, as it consists of two one-bedroom apartments and one two-bedroom apartment, all of which are currently occupied. Each apartment is equipped with laundry facilities, enhancing the convenience for tenants.

At 446 Cambridge Street S, Ottawa, the property has undergone numerous updates, including the installation of a hot water on-demand system, which adds a modern touch and increases tenant appeal. The central air conditioning ensures a comfortable living environment throughout the year, while the forced air heating system provides efficient warmth during the colder months. Although there is no fireplace, the overall ambience of the home remains inviting and cosy.

The absence of a pool and central vacuum system does not detract from the property's appeal; instead, it offers an opportunity for prospective buyers to customise the space according to their preferences. The lot measures 23 x 64 feet, providing ample outdoor space without the need for additional land. Parking is available on the street, ensuring accessibility for residents and guests alike.

Living in this Multi-Family Home for sale in Ottawa places you within walking distance of some of the city's most cherished attractions. The scenic beauty of Dows Lake and Commissioners Park, along with the eclectic mix of restaurants and shops, contributes to the vibrant lifestyle that this area offers. Nearby attractions such as Lansdowne Park and the dining district on Preston Street further enhance the appeal of this location, ensuring that residents have a wealth of options for entertainment and leisure.

The strong rental demand in this area is a significant advantage for investors looking to expand their portfolio. The proximity to educational institutions such as Carleton University, the University of Ottawa, and Algonquin College guarantees a steady influx of potential tenants. This makes 446 Cambridge Street S, Ottawa, not only a wonderful place to live but also a sound investment opportunity.

In summary, this Multi-Family Home for sale in Ottawa at 446 Cambridge Street S, Ottawa, presents a unique opportunity for both owner-occupiers and investors. With its ideal location, spacious layout, and modern updates, this property is poised to deliver both stability and long-term growth in one of Ottawa's most walkable and convenient areas. Whether you choose to reside in one unit while generating income from the others or fully utilise the property as an investment, the potential for success is abundant. Don't miss your chance to explore this exceptional property and all that it has to offer.

West Centre Town, located in the heart of Ottawa, is a vibrant and diverse neighbourhood that offers a unique blend of urban living and community charm. Characterised by its tree-lined streets and a mix of historic and contemporary architecture, this area is a haven for those who appreciate both culture and convenience. Residents enjoy easy access to a plethora of amenities, including local shops, cafes, and parks, while being just a stone's throw away from the bustling downtown core. The neighbourhood is well-served by public transport, making it easy to explore the wider city. With its welcoming atmosphere and a strong sense of community spirit, West Centre Town is an ideal place for anyone looking to experience the best of Ottawa living.

Schools in the Neighbourhood

This property is conveniently located near several reputable schools, making it an ideal choice for families. The closest option is R.H. Murray Public School, just 0.1 km away, offering English-language education for grades K to 8 under the Rainbow District School Board. For secondary education, Glebe Collegiate Institute is located 0.5 km away, providing grades 9 to 12 with a solid school rating of 7.7. Families seeking French-language instruction will find Mutchmor Public School (1.0 km away) and Hopewell Avenue Public School (1.8 km away), both highly rated with scores of 8.4 and 9, respectively. St. Anthony School, a Catholic institution, is 0.6 km from the property, catering to grades JK to 6 with a rating of 7.5. Additionally, Immaculata High School, also a Catholic school, is located 1.9 km away, offering education for grades 7 to 12 with a rating of 5.8. With a diverse range of educational options within close proximity, this property is well-situated for families prioritizing quality schooling for their children.

Key Statistics of the Neighbourhood

The demographic profile of the area surrounding the property reveals a small population of 437 residents, with an average household size of 1.5 individuals. The community is relatively young, with an average age of 35.2 years. Economic indicators show an average household income of $64,800, although 17% of the population falls under the low-income category. A significant portion of the residents, 67.47%, are single, and only 13.33% of households have children, indicating a predominantly adult demographic. The area is diverse, with 27.88% of the population being immigrants. A staggering 96.97% of residents are renters, highlighting a strong rental market, while there are no condominiums present in the area. Educational attainment is high, with 76.53% of the population holding a college or university degree. Additionally, 15.31% of residents are not in the labor force, suggesting potential challenges in employment opportunities. Overall, this demographic snapshot indicates a vibrant, educated, and predominantly single community with a significant rental market and a youthful population.