460 Wilbrod Street

If you're on the lookout for a fantastic investment opportunity, look no further than this remarkable Multi-Family Home for sale in Ottawa , located at 460 Wilbrod Street, Ottawa. Nestled in the vibrant Sandy Hill community, this property is a prime triplex that promises immediate cash flow and significant appreciation potential. With its enviable location and impressive features, this is truly a gem in one of Ottawa's most sought-after neighbourhoods.

The building itself is a well-maintained multiplex, boasting a classic 3-storey design with a charming brick veneer exterior that adds to its character. Spanning over 74 by 109 feet, this property is not just about looks; it offers a total of 25 rooms, including an impressive nine bedrooms and three den spaces, making it ideal for a variety of tenants. Each of the three units is equipped with its own kitchen, ensuring convenience and privacy for all residents. Although there are no additional kitchens, the three kitchens present are more than sufficient for the needs of the tenants.

As you step inside this Multi-Family Home for sale in Ottawa, you will immediately notice the spaciousness and thoughtful layout of the units. The main level features a versatile 2-bath, 3-bedroom (or optional 4-bedroom) residence, complete with dramatic 12-foot ceilings that create an airy atmosphere. The open floor plan is perfect for entertaining, leading out to a stunning 3-tier deck that invites seamless outdoor gatherings.

Moving up to the second floor, the unit captivates with its 10-foot ceilings and a chef-grade kitchen that will delight any cooking enthusiast. This floor also features a unique sunken bedroom/studio, beautifully accented by exposed brick, along with two additional large bedrooms. The luxurious primary suite comes with its own private ensuite, ensuring a touch of elegance and comfort.

The third-floor suite of this Multi-Family Home for sale in Ottawa commands attention with its impressive rooftop deck, offering a fantastic space for relaxation and socialising. The vast open-concept living area is complemented by two well-proportioned bedrooms, making it an attractive option for potential tenants.

One of the standout features of this property is the fully finished basement, which enhances revenue potential with three rentable bedrooms, a full bath, and a kitchenette. Additionally, a coin-operated laundry facility adds an extra layer of convenience and profitability.

Parking is never a concern here, as the property includes a detached garage with space for two vehicles, along with a lane driveway that accommodates up to five parking spaces. While there is no pool or fireplace, the central air conditioning ensures comfort during those warm summer months, and the water heating system provides efficient heating throughout the home.

This Multi-Family Home for sale in Ottawa is also equipped with modern enhancements, including advanced exterior insulation for optimal energy savings and refined brick-veneer recladding. Three hydro meters streamline operations, making management a breeze.

Positioned just steps away from fine dining, art galleries, Parliament Hill, and the University of Ottawa, this property is perfectly situated for attracting quality tenants. The Sandy Hill community is known for its walkability and vibrant atmosphere, making it an ideal location for smart investors looking to maximise their returns.

With fully leased units, this Multi-Family Home for sale in Ottawa ensures instant cash flow and growth potential. Don’t miss out on this standout opportunity—secure your exclusive tour today and make your move on this investment gem at 460 Wilbrod Street, Ottawa. Whether you're a seasoned investor or new to the market, this property is sure to impress and provide the returns you're looking for.

Sandy Hill, located in the heart of Ottawa, is a vibrant and picturesque neighbourhood known for its charming tree-lined streets and historic architecture. Nestled just east of the city centre, it boasts a diverse mix of residents, including students, professionals, and families, creating a lively atmosphere. The area is home to several parks, cultural institutions, and local shops, making it an ideal place for leisurely strolls and community engagement. With its close proximity to the University of Ottawa and the Rideau River, Sandy Hill offers a unique blend of urban convenience and natural beauty, making it a delightful choice for anyone looking to immerse themselves in the rich tapestry of city life.

Schools in the Neighbourhood

This property is conveniently located near several educational institutions, making it an ideal choice for families. The closest option is York Street Public School, an elementary school just 0.6 km away, offering grades JK to 6 with a school rating of 5.2. For older elementary students, Glashan Public School is 2.6 km away, although it currently has a rating of 0. For secondary education, Lisgar Collegiate Institute is a well-regarded option, located 1.3 km from the property, boasting a school rating of 7.9. Elgin Street Public School, another elementary choice, is 1.9 km away and offers French immersion with a rating of 7.5. Hopewell Avenue Public School, known for its strong performance and French language instruction, is 4.0 km from the property and has an impressive rating of 9. Additionally, Assumption School, a Catholic elementary school, is 1.4 km away with a rating of 5, while Immaculata High School, a Catholic secondary school, is 2.2 km away and has a rating of 5.8. Overall, the variety of nearby schools provides excellent educational opportunities for children of all ages.

Key Statistics of the Neighbourhood

The demographic profile of the area surrounding the property reveals a small population of 792 residents, with an average household size of 1.6 individuals. The community is characterized by an average age of 53.6 years, indicating a mature population. The average household income stands at $90,000, although 13.4% of residents are classified as low-income. Housing prices are relatively high, with an average property value of $680,000. A significant portion of the population, 58.55%, is single, while only 18.75% of households have children, suggesting a trend towards smaller family units. The area is diverse, with 23.02% of residents being immigrants. Renting is prevalent, as evidenced by the 73.33% of residents who are renters, and 23.33% of the housing stock consists of condominiums. Educational attainment is notably high, with 79.41% of residents holding a college or university degree. However, a substantial 47.06% of the population is not in the labor force, which may reflect retirement or other factors. Overall, this community presents a blend of educational achievement and demographic diversity, with a significant rental market and a mature population.