470 Besserer Street

Introducing a remarkable opportunity to acquire a Multi-Family Home for sale in Ottawa , located at 470 Besserer Street, Ottawa. This impressive multiplex stands proudly in the desirable community of Sandy Hill, a vibrant area known for its rich heritage and proximity to urban amenities. With its three-storey design, this property boasts six well-appointed bedrooms and three modern bathrooms, making it an ideal investment for those seeking a turnkey property.

The address, 470 Besserer Street, Ottawa, features a total of twelve rooms, including three fully renovated kitchens that exemplify quality and style. Each unit has been meticulously taken back to the studs and completely renovated, ensuring that no detail has been overlooked. The gorgeous brick accent walls provide a touch of charm, while the magazine-worthy kitchen renovations are sure to impress even the most discerning of tenants. Each unit is equipped with in-suite laundry facilities and dishwashers, offering convenience and comfort for residents. This Multi-Family Home for sale in Ottawa truly unites quality and style, making it a standout property in the market.

In addition to its stunning interiors, the exterior of the property has also been completely updated using high-quality materials and finishes. The building adheres to current Electrical Safety Authority (ESA) and Ontario Building Code (OBC) standards, ensuring that it meets all necessary regulations. A City of Ottawa building permit and ESA permit are readily available, providing peace of mind for prospective buyers.

Situated on a lot measuring 38 by 99 feet, this Multi-Family Home for sale in Ottawa offers ample space for residents while being conveniently located near essential amenities. While the property does not include a pool, fireplace, or garage space, it does feature a full, unfinished basement that presents potential for further development or storage. The heating system is water-based, and the property is connected to municipal water and sewer services, ensuring a hassle-free living experience for tenants.

The community surrounding 470 Besserer Street, Ottawa, is ideal for urban professionals and students alike. Its prime location allows residents to enjoy a lifestyle where everything is within walking distance. The area is bustling with cafes, restaurants, and shops, making it a desirable place to live for those who appreciate the convenience of urban living. Furthermore, the current net operating income (NOI) of £68,948 demonstrates the strong investment potential of this property.

For those considering this Multi-Family Home for sale in Ottawa, it is important to note that there are no additional land parcels included with the property, and parking is limited, with no designated parking spaces available. However, the property does offer three parking spots that can be utilised for tenants or potentially generate extra income in the future.

In summary, 470 Besserer Street, Ottawa, presents a unique investment opportunity in the heart of Sandy Hill. With its extensive renovations, stylish interiors, and prime location, this Multi-Family Home for sale in Ottawa is a must-see for any serious investor. The combination of quality craftsmanship and a desirable location makes this property an exceptional choice for those looking to invest in the Ottawa real estate market. Be sure to review the attached information sheet for further property details and financials, and seize the chance to own this remarkable property.

Sandy Hill, located in the heart of Ottawa, is a charming and vibrant neighbourhood that seamlessly blends historic architecture with a lively urban atmosphere. Nestled close to the Rideau River and just a stone's throw from the bustling downtown, this area boasts an eclectic mix of cultural institutions, cafés, and parks, making it an ideal spot for those who appreciate both tranquillity and convenience. The streets are lined with beautiful heritage homes, creating a picturesque setting, while the proximity to the University of Ottawa adds a youthful energy to the community. With its rich history, diverse population, and easy access to public transport, Sandy Hill offers a unique and inviting environment for potential residents seeking a dynamic urban lifestyle.

Schools in the Neighbourhood

This property is conveniently located near several educational institutions, making it an ideal choice for families. The closest school is York Street Public School, just 0.4 km away, offering elementary education from Junior Kindergarten to Grade 6 with a respectable rating of 5.2. For older elementary students, Glashan Public School is situated 2.7 km from the property, though it currently has no rating. Secondary education options include Lisgar Collegiate Institute, located 1.4 km away, which has a commendable rating of 7.9, and Immaculata High School at 2.4 km, rated 5.8. Additionally, Elgin Street Public School (2.0 km) and Hopewell Avenue Public School (4.2 km) provide French-language elementary education, with Hopewell rated highly at 9. Assumption School, a Catholic elementary school, is also within 1.5 km, rated 5. This diverse array of nearby schools, covering various educational needs and language options, ensures that families have access to quality education within a short distance from their new home.

Key Statistics of the Neighbourhood

The area surrounding the property has a population of 467 residents, with an average household size of 2.1 individuals. The community's average age is 39 years, reflecting a relatively mature demographic. The average household income stands at $111,000, indicating a prosperous environment, although 12.8% of the population is classified as low-income. The average property price in the area is approximately $920,000, which aligns with the affluent income levels. A significant portion of the population, 53.57%, is single, while 27.27% of households have children, suggesting a mix of family structures. The area is also home to a diverse community, with 23.53% of residents being immigrants. Renters comprise a large majority at 65.85%, indicating a strong rental market, while condominiums make up 9.76% of the housing options. Education levels are notably high, with 78.48% of residents holding a college or university degree. However, it is worth noting that 29.11% of the population is not actively participating in the labor force. Overall, the demographics suggest a vibrant, educated community with a blend of single individuals and families, making it an appealing area for potential buyers and renters alike.