698 Cooper Street

Nestled in the vibrant heart of Ottawa, at 698 Cooper Street, Ottawa, this exceptional mixed-use fourplex is a fantastic opportunity for those seeking a Multi-Family Home for sale in Ottawa . Prominently positioned at the corner of Cooper and Percy, this property is situated in the highly sought-after community of 4102 - Ottawa Centre. With its prime location, this multiplex is not only an income-generating asset but also a gateway to the bustling lifestyle that Ottawa has to offer.

The building itself boasts a sturdy brick and concrete exterior, showcasing a classic two-storey style that adds to its charm. As you step inside, you’ll find a total of 19 rooms, including six spacious bedrooms and four well-appointed bathrooms, making it ideal for families or groups. The layout is particularly appealing, featuring three kitchens—perfect for accommodating multiple tenants or families. While there is no den or additional rooms, the configuration of the space allows for flexibility and comfort.

This Multi-Family Home for sale in Ottawa is currently home to three residential units: one three-bedroom, one two-bedroom, and one one-bedroom apartment. The main floor is particularly versatile, currently configured as a three-bedroom residential unit that includes a full basement alongside a commercial storefront. The commercial space, located on the street level, is leased to a barber shop until the end of 2027, providing a steady income stream. The current rents are impressive, with the barbershop bringing in approximately $35,670 per year, the two-bedroom unit at $23,400 per year, and the one-bedroom unit at $19,680 per year. The three-bedroom unit, which was recently owner-occupied, was previously rented at $3,100 per month and is now vacant, offering a new owner the chance to set their own rental terms.

The second floor houses two well-appointed apartments, each boasting access to its own rooftop space, along with a common washer and dryer for added convenience. The residential units were thoughtfully renovated in 2021, which included a new roof and new windows for the three-bedroom unit, ensuring that the property is in excellent condition. All appliances, light fixtures, hot water tank, and central air conditioning units are included, making this Multi-Family Home for sale in Ottawa a turnkey investment.

Although there is no garage space or additional land, the property benefits from street-only parking, which is convenient for tenants and visitors alike. The lot measures a generous 33 x 72 feet, providing ample outdoor space. The heating is provided by a forced air system, and the property is connected to municipal water and sewer, ensuring a hassle-free living experience.

Located just steps away from public transit and within walking distance to an array of shops, restaurants, and cultural hotspots such as Chinatown and Little Italy, this property is ideally situated for those who appreciate urban living. The proximity to Lebreton Flats and the Rideau Curling Club adds to the appeal, making it a desirable location for potential tenants.

This high-visibility corner property is primed for growth, making it an ideal investment for those seeking stable income, value-add potential, or even an owner-occupier opportunity. With its prime location and robust rental income, this Multi-Family Home for sale in Ottawa is not to be missed. Be sure to check out our video tour to see all that this remarkable property has to offer. Don’t hesitate—opportunities like this at 698 Cooper Street, Ottawa, are rare!

Ottawa Centre, designated as postal code 4102, is a vibrant and diverse geographic area nestled in the heart of Canada’s capital, Ottawa. This community is characterised by its rich tapestry of cultural heritage, historic architecture, and a lively urban atmosphere. Residents enjoy easy access to a plethora of amenities, including eclectic shops, delightful cafes, and cultural institutions such as museums and galleries. The area is well-served by public transport, making it convenient for commuting and exploring the wider city. With its beautiful parks and green spaces, Ottawa Centre offers a balanced lifestyle, blending the hustle and bustle of city living with opportunities for relaxation and recreation. Whether you’re drawn to its dynamic arts scene or the sense of community among its residents, Ottawa Centre is an inviting 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. The closest school is Centennial Public School, just 0.3 km away, offering elementary education (JK to 6) with a commendable rating of 4.4. For older elementary students, Glashan Public School is located 0.9 km away, serving grades 7 to 8. Additionally, Elgin Street Public School, 1.2 km from the property, provides a French-language curriculum for JK to 6 and has a solid rating of 7.5. Hopewell Avenue Public School, known for its high rating of 9, is 2.7 km away and offers a French program for JK to 8. For secondary education, Glebe Collegiate Institute, 1.4 km away, boasts a rating of 7.7, while Immaculata High School, 1.9 km away, serves grades 7 to 12 with a rating of 5.8. The area also features St. Anthony School, a Catholic institution 0.8 km away, which caters to JK to 6 and has a rating of 7.5. With a mix of public and Catholic schools, parents will find ample quality educational options for their children within a short distance.

Key Statistics of the Neighbourhood

The demographic profile of the area surrounding the property reveals a small population of 434 residents, with an average household size of 1.7 individuals. The community is characterized by a relatively mature average age of 38.9 years and a robust average household income of $118,000. Notably, 10.8% of the population falls under the low-income bracket, while a significant portion, 62.65%, identifies as single. Households with children make up 17.65% of the community, indicating a family-friendly environment. The area has a diverse population, with 15% of residents being immigrants. A striking 71.74% of the housing is occupied by renters, and there are no condominiums present, suggesting a preference for rental properties. Educational attainment is high, with 76.32% of residents holding college or university degrees. However, it is important to note that 27.63% of the population is not in the labor force, which may impact local economic dynamics. The average property price in the area stands at $740,000, reflecting the desirability of the location amidst these demographic trends.