632 First Avenue

If you’re on the lookout for a fantastic investment opportunity, then look no further than this Multi-Family Home for sale in Laurentian Valley . Nestled at 632 First Avenue, Laurentian Valley, this well-maintained, solid brick multiplex is a gem waiting to be discovered. With its prime location in a quiet residential area, it’s not just a property; it’s a gateway to a thriving community.

This bungalow-style building boasts four units, each currently fully rented with great tenants, making it an ideal choice for anyone looking to invest in real estate. The property features a total of ten rooms, including two kitchens and four bathrooms, ensuring that all tenants have ample space and amenities to enjoy. With 632 First Avenue, Laurentian Valley, you’ll find a well-structured layout that allows for comfortable living while maintaining privacy.

One of the standout features of this Multi-Family Home for sale in Laurentian Valley is the generous lot size of 60 X 120 feet, providing plenty of outdoor space. Although there is no pool or garage, the property offers a driveway with parking space for up to six vehicles, which is a significant advantage in this area. The absence of a garage might be a downside for some, but the convenience of parking is a real plus, especially in a bustling community like Laurentian Valley.

Inside, the building is equipped with two kitchens, making it perfect for a multi-family setup. Each unit comes with essential appliances, including fridges and stoves, and they share two hot water heaters. This arrangement not only maximises efficiency but also keeps the operating costs manageable. The building is unfurnished, allowing new owners the flexibility to style the interiors to their liking.

The age of the property, being between 51 to 99 years, adds a certain charm and character that newer builds often lack. While it may not have modern features like central air conditioning or a central vacuum system, the forced air heating ensures that the units stay warm during the colder months. The full, finished basement offers additional storage space, which is always a bonus for tenants.

Moreover, the property is connected to municipal water and sewer systems, ensuring that all essential services are readily available. While there is no family room or fireplace, the layout allows for a comfortable living environment, and the internet connectivity is a significant advantage for those who work from home or require reliable online access.

Located at 632 First Avenue, Laurentian Valley, this Multi-Family Home for sale in Laurentian Valley is just a short drive away from essential amenities, including shopping centres, schools, and parks. The surrounding area is known for its affordability and community spirit, making it a desirable location for families and individuals alike. With easy access to nearby towns like Petawawa and Deep River, residents can enjoy the tranquillity of Laurentian Valley while still being close to urban conveniences.

In summary, this Multi-Family Home for sale in Laurentian Valley is an excellent investment opportunity for anyone looking to enter the property market or expand their portfolio. With its solid brick construction, fully rented units, and prime location at 632 First Avenue, Laurentian Valley, this property is well-priced with room to grow the rents. The attractive cap rate makes it a wise choice for savvy investors. So, if you’re ready to crunch the numbers and explore this opportunity further, don’t hesitate to give us a call. Remember, properties like this don’t stay on the market for long!

Community 531, located within the picturesque Laurentian Valley, offers a serene and inviting environment for potential residents. Nestled amidst lush landscapes and rolling hills, this area is characterised by its tranquil atmosphere and close-knit feel. The community boasts a range of amenities, including local shops, parks, and recreational facilities, ensuring that residents have everything they need within easy reach. With its stunning natural beauty, friendly atmosphere, and a strong sense of belonging, Community 531 presents an ideal setting for those seeking a peaceful lifestyle while still being conveniently connected to the broader attractions of Laurentian Valley.

Schools in the Neighbourhood

This property is conveniently located near several educational institutions, making it an excellent choice for families. Highview Public School, situated just 2.8 km away, offers elementary education from Junior Kindergarten to Grade 8, with a school rating of 3.5. It provides instruction in both English and French, catering to diverse language preferences. Additionally, Fellowes High School, located 3.6 km from the property, serves students in Grades 9 to 12 and boasts a slightly higher rating of 3.7, indicating a solid secondary education option. Both schools are part of the Renfrew County District School Board and are public institutions, ensuring accessibility to quality education. The proximity of these schools enhances the appeal of the property, as parents can enjoy the convenience of nearby educational facilities while their children benefit from a well-rounded academic experience. Overall, the local school options provide a supportive environment for students, making this property an attractive choice for those prioritizing education in their home search.

Key Statistics of the Neighbourhood

The demographic profile of the area surrounding the property reveals a small population of 687 residents, with an average household size of 2.2 individuals. The community has a median age of 43.9 years, indicating a mature population. The average household income stands at $68,000, with 13% of the population classified as low-income. Housing is relatively affordable, with an average property price of $250,000. The area has a significant proportion of single individuals, making up 46.09% of the population, while households with children account for 32.5%. Immigrants represent 2.86% of the community, contributing to its diversity. Renting is common, with 37.5% of residents living in rental properties, and there are no condominiums in the area. Educational attainment is notable, with 30.77% of residents holding a college or university degree. However, nearly half of the population, at 48.72%, is not in the labor force, suggesting a potential need for economic development initiatives. Overall, this demographic snapshot highlights a stable, diverse community with a mix of families and single individuals, along with a moderate income level and a significant rental market.