721 Cooper Street

Welcome to the splendid **Multi-Family Home for sale in Ottawa ** at 721 Cooper Street, Ottawa! This fantastic property is nestled in the highly sought-after Centretown neighbourhood, making it a prime investment opportunity. With its solid structure and excellent location, this multiplex offers a remarkable chance for both owner-occupants and investors looking to expand their portfolio.

As you step into this charming **Multi-Family Home for sale in Ottawa**, you'll find yourself in a well-designed 2-storey building featuring a classic brick exterior. The property boasts a total of 13 rooms, including five spacious bedrooms and two dens, making it perfect for families or groups of professionals. The layout is ideal for urban living, with two kitchens to cater to the culinary needs of each unit. Although there is no family room or central vacuum system, the ample space provided by the additional rooms ensures that everyone has room to breathe.

The property is divided into three distinct apartments, each with its own unique charm. The airy top unit features three bedrooms, a comfortable living room, a sunroom that floods the space with natural light, and a lovely balcony for enjoying the fresh air. The middle unit is equally inviting, offering two bedrooms, a living room, a sunroom, and a balcony, all adorned with beautiful hardwood floors. The lower apartment also contains two bedrooms, along with a living room and a den, providing a versatile space for various needs.

One of the standout features of this **Multi-Family Home for sale in Ottawa** is the convenience it offers with separate hydro meters for each unit. This ensures that tenants can manage their utilities independently, making it an attractive option for renters. Additionally, the property includes parking for three cars at the back, a valuable asset in this bustling area of Ottawa.

Situated on a lot measuring 33 x 104 feet, this property is not only spacious but also offers a fantastic outdoor area. Although there is no pool or garage space, the ample parking and proximity to local amenities make it a desirable choice for those seeking a vibrant urban lifestyle. With no additional land to worry about, you can focus on enjoying all that this location has to offer.

The **Multi-Family Home for sale in Ottawa** is perfectly positioned just steps away from beautiful Dundonald Park and is conveniently located near public transit, Carleton and Ottawa Universities, and the bustling downtown area. You'll find yourself surrounded by a plethora of attractions, including the Byward Market, Elgin Street restaurants, great shops, and cafes, as well as the Rideau Centre and LeBreton Flats. The vibrant neighbourhood of Little Italy and Chinatown is also within easy reach, making this property an ideal choice for those who appreciate the urban lifestyle.

With a new roof membrane installed in 2019, this property is ready for you to move in or rent out. Whether you’re looking to live in one apartment and rent out the others or simply add to your investment portfolio, this **Multi-Family Home for sale in Ottawa** presents a steady and consistent rental income opportunity.

Don’t miss out on this incredible value for a triplex in such a desirable location! Your new lifestyle and investment await you at 721 Cooper Street, Ottawa. Be sure to check out the apartment floor plans attached for a closer look at what this property has to offer. With a 24-hour irrevocable on all offers, this is a rare chance to own an income-generating property in one of Ottawa's most sought-after neighbourhoods. Make your move today!

Ottawa Centre, designated as postal code 4102, is a vibrant and diverse neighbourhood nestled in the heart of Canada’s capital, Ottawa. This area boasts a rich tapestry of cultural and historical landmarks, with easy access to the picturesque Rideau Canal and the bustling ByWard Market, where you can explore an array of shops, cafés, and restaurants. The community is well-served by public transport, making it convenient for residents to navigate the city. With a blend of modern amenities and charming heritage buildings, Ottawa Centre offers a dynamic urban lifestyle, complemented by green spaces and a strong sense of community spirit, making it an appealing choice for those seeking a lively yet welcoming place to call home.

Schools in the Neighbourhood

This property is conveniently located near several educational institutions, making it an ideal choice for families. The closest school is Centennial Public School, just 0.3 km away, offering elementary education from JK to grade 6 with a commendable rating of 4.4. St. Anthony School, a Catholic elementary school, is also nearby at 0.7 km, providing education in English for grades JK to 6 and boasting a solid rating of 7.5. For older students, Glashan Public School (grades 7 to 8) and Elgin Street Public School (grades JK to 6, French immersion) are both within a 1.2 km radius, with Elgin Street rated at 7.5. Glebe Collegiate Institute, a secondary school for grades 9 to 12, is located 1.4 km away and has a strong rating of 7.7. Additionally, Immaculata High School, a Catholic secondary school, is 2.0 km from the property, offering education for grades 7 to 12 with a rating of 5.8. Overall, the area is well-served by a mix of public and Catholic schools, providing quality education options for children of all ages.

Key Statistics of the Neighbourhood

The area surrounding the property has a population of approximately 1,200 residents, with an average household size of 1.5 individuals. The demographic is relatively young, with an average age of 36 years. The average household income stands at a robust $117,200, though 11.6% of the population is classified as low-income. The real estate market reflects a median home price of $526,000, with a significant portion of the community being renters, comprising 52.56% of households. Notably, 65.38% of the housing stock consists of condominiums. The community is characterized by a high percentage of single individuals at 59.11%, while only 13.46% of households include children. Additionally, the area is home to a diverse population, with 23.58% of residents being immigrants. Education levels are high, with 80% of the population holding a college or university degree. However, 15.65% of residents are not actively participating in the labor force. This demographic snapshot highlights a vibrant, educated, and diverse community, making it an attractive area for potential homeowners and investors alike.