636 Clarke Avenue

Welcome to a fantastic investment opportunity with this Multi-Family Home for sale in Ottawa , located at 636 Clarke Avenue, Ottawa. This well-maintained and updated multiplex is perfect for those looking to dive into the property market or expand their existing portfolio. Nestled in the heart of the community of 3504 - Castle Heights/Rideau High, this property is conveniently situated close to shopping, restaurants, schools, and public transport, making it an ideal location for tenants.

As you approach the property at 636 Clarke Avenue, Ottawa, you'll notice its attractive vinyl siding, which gives it a modern yet welcoming appearance. The building is a two-storey multiplex, offering two self-contained living spaces, perfect for generating rental income. The layout is designed to maximise comfort and convenience, making it appealing to a wide range of potential tenants.

The main level features a spacious two-bedroom unit that is both inviting and practical. With a well-thought-out design, this unit is perfect for families or professionals seeking a comfortable living space. The additional den provides extra flexibility, whether it’s used as a home office, a guest room, or simply a quiet space to unwind. The unit is equipped with a kitchen, allowing for easy meal preparation and entertaining.

On the upper level, you’ll find a recently updated one-bedroom unit that exudes modern charm. Bright and airy, this space is designed for comfortable living, with a separate kitchen that enhances its functionality. This unit is perfect for individuals or couples, providing a cosy retreat in the bustling city of Ottawa. Both units are unfurnished, allowing tenants to personalise their living spaces to their taste.

When considering this Multi-Family Home for sale in Ottawa, it’s important to note that the property includes a total of seven rooms, along with two additional rooms that add to its versatility. While there is no family room or central vacuum system, the layout and design of the units ensure that residents have ample space to live comfortably. The property also benefits from municipal water and sewer services, providing peace of mind for both landlords and tenants alike.

Parking is another significant advantage of this property, with space for up to four vehicles. Although there is no garage or driveway, the ample parking space is a valuable feature in this sought-after area. It's worth mentioning that there is no pool or fireplace, but the potential for strong rental appeal remains high due to the excellent location and condition of the property.

The property sits on a generous lot measuring 88 x 50 feet, providing plenty of outdoor space for tenants to enjoy. Whether it’s for a small garden or outdoor seating, this space can be utilised in various ways. The full basement offers additional storage options, which is always a plus for tenants looking for extra space.

This Multi-Family Home for sale in Ottawa is truly a rare find, offering immediate rental income potential and long-term value growth. With its central location and flexible configuration, it’s an ideal addition to any investment portfolio. The property is in excellent condition, ensuring that it is ready for tenants from day one.

In summary, if you’re in the market for a solid investment opportunity, look no further than this Multi-Family Home for sale in Ottawa at 636 Clarke Avenue, Ottawa. With two self-contained units, a prime location, and the potential for strong rental income, this property is a must-see. Don’t miss out on the chance to secure a turnkey investment in one of the city’s most desirable areas. Offers are welcome with 24 hours irrevocable, so act quickly to make this property yours!

Castle Heights/Rideau High, located in the vibrant city of Ottawa, offers a charming blend of suburban tranquillity and urban convenience. This community is characterised by its tree-lined streets, well-maintained parks, and a welcoming atmosphere, making it an ideal place for families and individuals alike. Residents benefit from proximity to essential amenities, including schools, shops, and recreational facilities, all while enjoying easy access to the bustling heart of Ottawa. With a diverse range of housing options and a strong sense of local pride, Castle Heights/Rideau High presents a delightful environment for those seeking a balanced lifestyle in Canada's capital.

Schools in the Neighbourhood

This property is conveniently located near several educational institutions, making it an ideal choice for families. The closest school is Queen Elizabeth Public School, an English-language elementary school offering grades JK to 8, situated just 0.3 km away with a solid rating of 3.9. Another nearby option is Our Lady of Mount Carmel School, a Catholic elementary school located 0.6 km from the property, which has a higher rating of 6.3. For older students, Gloucester High School, a public secondary school for grades 9 to 12, is located 3.2 km away, with a rating of 3.3. Additionally, Lester B. Pearson Catholic High School, also for grades 7 to 12, is 3.5 km away and has a commendable rating of 4.3. Manor Park Public School, a French-language elementary school, is 1.9 km away and boasts a strong rating of 6.0, while Henry Munro Middle School, also in French, is a bit farther at 3.9 km but has a lower rating. Overall, the area offers a diverse range of schooling options, both public and Catholic, ensuring quality education for children of all ages.

Key Statistics of the Neighbourhood

The demographic profile of the area surrounding the property reveals a small community with a population of 383 residents as of 2021. The average household size is 2.3, with a median age of 42 years, indicating a mature population. The average household income stands at $96,000, with only 9% of the population classified as low-income, suggesting a relatively affluent community. The average property price in the area is $470,000, reflecting the local real estate market's dynamics. Approximately 47.62% of the residents are single, and 35% of households include children, highlighting a mix of family structures. The community is diverse, with 29.63% of residents being immigrants, contributing to its cultural richness. Renters make up 36.11% of the population, while 16.67% reside in condominiums, indicating a variety of housing options. Educational attainment is notable, with 56.72% of residents holding a college or university degree. However, a significant portion, 31.34%, is not in the labor force, which may reflect factors such as retirement or other life choices. Overall, this area presents a blend of demographic characteristics that may appeal to potential buyers or investors.