68 Lyndale Avenue

Welcome to this fantastic investment opportunity in the heart of Ottawa! This charming detached house for sale in Ottawa is located at 68 Lyndale Avenue, a prime address nestled in the desirable Mechanicsville community. With its strategic position near the bustling Hintonburg area and close proximity to Tunney's Pasture, this property offers immense potential for both residential living and investment.

This two-storey home boasts a solid brick exterior complemented by other materials, giving it a classic yet modern appeal. As you enter the property, you'll find a total of 13 rooms, including three spacious bedrooms and a den, perfect for a home office or study. The main kitchen is well-equipped, and there is an additional kitchen, providing ample space for culinary adventures or entertaining guests. The layout of the house is designed for functionality, making it an ideal choice for families or those looking to maximise their rental income.

The house for sale in Ottawa features three bathrooms, ensuring that there is no need to queue during busy mornings. Although there is no family room or central vacuum system, the generous living spaces compensate for this, offering plenty of room for relaxation and socialising. The main floor unit includes a large living area, a formal dining space, and an open-concept kitchen, making it perfect for hosting gatherings. The full basement adds additional storage options and potential for further development.

Outside, the property sits on a lot measuring 49 x 50 feet, providing a manageable outdoor space without the burden of extensive upkeep. While there is no pool or garage, the house for sale in Ottawa offers three parking spaces, a valuable feature in this urban setting. The absence of a garage and driveway is balanced by the convenience of municipal water and sewer services, ensuring that all essential amenities are readily available.

The investment potential of this property is particularly noteworthy. The current site plan assessment, completed by RJH Architects, has paved the way for a brand new six-unit building, which could significantly increase the property's value. With over £50,000 of gross income already generated, this house for sale in Ottawa is a lucrative opportunity for savvy investors. The existing two units are currently yielding great rental returns, with one unit featuring two bedrooms and two bathrooms, and the second unit also offering two bedrooms and a full bathroom. Each unit comes with its own designated parking space, making them highly attractive to potential tenants.

This property is not just a house; it is a gateway to future development possibilities. The current zoning (R4U) allows for a variety of residential projects, and the completed site plan assessment for two double units and four bachelor apartments highlights the potential for significant growth in this area. Mechanicsville is a vibrant community, and with the ongoing developments in Ottawa, this house for sale in Ottawa is perfectly positioned to benefit from the increasing demand for housing.

In conclusion, 68 Lyndale Avenue, Ottawa, presents an exceptional opportunity for those looking to invest in a property with great potential. Whether you are a first-time buyer or an experienced investor, this house for sale in Ottawa is not to be missed. The combination of a prime location, robust rental income, and the potential for future development makes this property a wise choice for anyone looking to make their mark in the Ottawa real estate market. Don’t hesitate to reach out for more information or to arrange a viewing of this promising investment!

Mechanicsville, located in the vibrant city of Ottawa, is a charming neighbourhood that seamlessly blends urban convenience with a sense of local character. Nestled just west of the downtown core, this area boasts a rich history and a diverse mix of residential options, from quaint heritage homes to modern apartments. Residents enjoy easy access to the scenic Ottawa River, perfect for leisurely strolls or cycling along the waterfront pathways. The community is well-served by local amenities, including shops, cafes, and parks, fostering a friendly atmosphere that encourages neighbourly connections. With its close proximity to the city centre, Mechanicsville offers the ideal balance of tranquillity and urban living, making it an appealing choice for those seeking a welcoming place to call home.

Schools in the Neighbourhood

This property is ideally situated near a variety of educational institutions, making it a great choice for families. Within just 0.8 km, Connaught Public School offers elementary education from Junior Kindergarten to Grade 6, boasting a solid school rating of 7. For those seeking a French immersion option, Devonshire Community Public School is only 1.0 km away and has an impressive rating of 8.5. Additionally, St. George School, a Catholic institution located 1.3 km from the property, provides a nurturing environment for younger students with a high rating of 8.9. As children transition to higher grades, Glebe Collegiate Institute, 2.7 km away, serves students from Grades 9 to 12 with a commendable rating of 7.7. Furthermore, Notre Dame High School, a Catholic secondary school, is located 3.8 km from the property. Overall, the area is well-served by quality public and Catholic schools, offering diverse educational options in both English and French, ensuring that families have access to excellent schooling opportunities for their children.