64 Lyndale Avenue

Introducing an exceptional opportunity to acquire a Multi-Family Home for sale in Ottawa , specifically located at 64 Lyndale Avenue, Ottawa. This remarkable property is a legal triplex nestled in the vibrant heart of Mechanicsville, just steps away from Parkdale Avenue. With its prime location, residents will benefit from being within walking distance to the Light Rail Transit (LRT) and Tunney's Pasture, making it an ideal choice for both investors and those seeking a home with potential.

This Multi-Family Home for sale in Ottawa boasts an impressive configuration, featuring three distinct units. The property includes a well-appointed 1-bedroom unit and a spacious 2-bedroom unit, both of which are currently tenanted, providing immediate rental income. Additionally, there is a generous 3-bedroom unit that is currently vacant, presenting a perfect opportunity for owner occupancy or strategic upgrades. The versatility of this layout makes it an attractive proposition for those looking to maximise their investment.

Located at 64 Lyndale Avenue, Ottawa, this multiplex is situated on an oversized lot measuring 53 by 100 feet, which is approximately 5,000 square feet. The property is currently zoned R4, with a proposed by-law amendment to N4B, offering significant potential for redevelopment and intensification. This is a crucial aspect for any savvy investor, as it opens the door to various possibilities for future expansion or site redesign.

One of the standout features of this Multi-Family Home for sale in Ottawa is the city-owned laneway that runs alongside the property, providing rare secondary access. This additional access point is ideal for future development plans, allowing for enhanced flexibility in design and construction. Furthermore, the property includes two large attached garage spaces, which not only provide parking for tenants but also hold strong conversion potential. These garages could easily be transformed into studios, additional units, or storage spaces, further enhancing the value of the property.

In terms of amenities, this home is equipped with three kitchens, catering to the needs of its multiple units. While there is no central vacuum system or family room, the layout of the 16 total rooms allows for ample living space. The home is unfurnished, allowing new owners to personalise it to their taste. The exterior of the property is clad in durable vinyl siding, ensuring low maintenance for years to come.

The heating and cooling systems are classified as 'Other', and the property benefits from municipal water and sewer services. The basement features exposed rock, adding a unique character to the home. While there is no pool or fireplace, the property is equipped with internet access, making it suitable for modern living.

With a total of six parking spaces available, tenants will have no trouble finding a place to park, which is a significant advantage in this desirable community. The age of the building exceeds 100 years, adding historical charm to this Multi-Family Home for sale in Ottawa.

This property represents a prime opportunity for developers, investors, or visionaries seeking value in one of Ottawa's most walkable and sought-after communities. With strong upside potential in rental income and the flexibility to add more units or repurpose existing structures, this is a chance not to be missed.

In summary, 64 Lyndale Avenue, Ottawa, is a Multi-Family Home for sale in Ottawa that combines location, potential, and versatility. Whether you are looking to invest or occupy, this property stands as a testament to the vibrant lifestyle and opportunities that Mechanicsville has to offer. Do not hesitate to seize this remarkable opportunity to own a piece of Ottawa's real estate landscape.

Mechanicsville, located in the vibrant city of Ottawa, is a charming neighbourhood that seamlessly blends historic character with modern amenities. Nestled along the Ottawa River, it boasts picturesque views and a strong sense of local identity. The area is known for its diverse architecture, featuring a mix of heritage homes and contemporary developments, which reflect its rich history and evolving landscape. Residents enjoy easy access to parks, recreational facilities, and a variety of local shops and eateries, fostering a welcoming atmosphere. With its proximity to downtown Ottawa, Mechanicsville offers the perfect balance of urban convenience and a close-knit community feel, making it an appealing choice for those looking to settle in the capital.

Schools in the Neighbourhood

This property is conveniently located near several reputable schools, making it an ideal choice for families. Connaught Public School, just 0.8 km away, offers elementary education in English for grades JK to 6 and boasts a solid school rating of 7. Similarly, Devonshire Community Public School, located 0.9 km from the property, provides a French-language curriculum for the same grade levels and has an impressive rating of 8.5. For older students, Glebe Collegiate Institute, situated 2.7 km away, serves grades 9 to 12 with a commendable rating of 7.7. The area also features Summit Alternative School and Fisher Park Public School, both offering education for grades 7 to 8, although they currently have lower ratings. Additionally, St. George School, a Catholic institution 1.4 km away, offers a strong academic program for JK to 6 with an excellent rating of 8.9. For secondary education, Notre Dame High School, located 3.8 km away, caters to grades 7 to 12 with a rating of 5.3. Overall, the diverse range of educational options nearby ensures that families have access to quality schooling for their children.