73-75 Lower Charlotte Street

Introducing a remarkable opportunity to acquire a Multi-Family Home for sale in Ottawa , located at 73-75 Lower Charlotte Street, Ottawa. This impressive multiplex stands as a testament to both historic charm and modern urban living, making it an ideal investment for those seeking income potential or a future home in one of Ottawa's most vibrant neighbourhoods.

Nestled in the dynamic community of Lower Town, this property is perfectly positioned just minutes from the bustling downtown core. The address 73-75 Lower Charlotte Street, Ottawa, places you within easy reach of key landmarks, including the University of Ottawa, the Rideau Centre, the National Arts Centre, and the iconic Parliament buildings. The area is alive with energy, offering an array of artisan coffee shops, unique local boutiques, and diverse dining options. Furthermore, residents can enjoy year-round community events and festivals that enrich the local culture.

This Multi-Family Home for sale in Ottawa boasts a generous total of nine bedrooms and three bathrooms, providing ample space for tenants or family living. The property features three well-appointed kitchens, ensuring that cooking and dining are convenient for all occupants. The total number of rooms is nine, making this a spacious residence that caters to a variety of living arrangements. The building itself is a three-storey structure, constructed with a combination of brick and vinyl siding, which not only adds to its aesthetic appeal but also ensures durability.

The full, finished basement adds further value to this Multi-Family Home for sale in Ottawa, providing additional living space or storage options. Central air conditioning ensures a comfortable environment throughout the warmer months, while the forced air heating system keeps the home cosy during winter. The property is connected to municipal water and sewer services, ensuring reliable utilities for all residents.

While this property does not feature a garage or designated parking space, its prime location on 73-75 Lower Charlotte Street, Ottawa, compensates with excellent walkability and access to public transit. Commuting across the city is simple and efficient, making it an attractive option for tenants who may rely on public transport. Although there is no pool or fireplace, the surrounding area offers plenty of green spaces and riverside paths, perfect for weekend strolls or evening unwinds.

As a Multi-Family Home for sale in Ottawa, this property presents excellent rental potential in a high-demand area. The vibrant community atmosphere, combined with the proximity to parks, cafés, and cultural attractions, makes it an appealing choice for both tenants and owners alike. The lack of additional land or a central vacuum system does not detract from the overall appeal of this home, as its features and location more than compensate for these minor omissions.

In summary, 73-75 Lower Charlotte Street, Ottawa, is a standout property that combines historic charm with the buzz of urban living. Whether you are an investor looking for a lucrative opportunity or a future homeowner seeking a lively community, this Multi-Family Home for sale in Ottawa is a rare find. With its spacious layout, excellent location, and potential for rental income, it is sure to attract attention from a variety of buyers. Don’t miss your chance to own this exceptional property in one of Ottawa's most sought-after neighbourhoods.

Lower Town, located in the heart of Ottawa, is a vibrant and historic neighbourhood that beautifully blends the charm of its rich heritage with the conveniences of modern urban living. Characterised by its picturesque streets lined with quaint boutiques, artisanal cafés, and lively restaurants, Lower Town offers a unique atmosphere that appeals to both young professionals and families alike. The area is steeped in culture, with easy access to the National Gallery of Canada and the Rideau Canal, making it an ideal spot for those who appreciate the arts and outdoor activities. With a strong sense of community spirit and a diverse population, Lower Town is a delightful place to call home, offering a perfect balance of tranquillity and urban excitement.

Schools in the Neighbourhood

This property is ideally situated near several reputable schools, making it an excellent choice for families. The closest option is York Street Public School, just 0.5 km away, offering elementary education from JK to grade 6 with a solid school rating of 5.2. For a broader elementary experience, Queen Elizabeth Public School (2.8 km) serves grades JK to 8 and has a rating of 3.9, while Manor Park Public School (2.4 km) offers French instruction for grades JK to 6 with a rating of 6. Hopewell Avenue Public School, located 4.7 km away, is highly rated at 9 and provides French education from JK to 8. For secondary education, Lisgar Collegiate Institute (1.8 km) boasts a commendable rating of 7.9 for grades 9 to 12. Additionally, St. Brigid School (1.1 km), a Catholic institution for JK to 6, has a rating of 5.5, and Immaculata High School (2.9 km) serves grades 7 to 12 with a rating of 5.8. With a variety of educational options in close proximity, this location is perfect for families prioritizing quality schooling for their children.

Key Statistics of the Neighbourhood

The area surrounding the property has a population of 561 residents, with an average household size of 2.1 individuals. The demographic profile reveals an average age of 38.3 years and a healthy average household income of $93,000. However, 17.6% of the population falls under the low-income category. The real estate market reflects an average property price of $820,000, indicating a potentially affluent community. A significant portion of the population, 57.45%, is single, while 34.62% of households include children, suggesting a mix of young professionals and families. The area is also home to 18.9% immigrants, contributing to its cultural diversity. Renters make up a substantial 64.29% of the housing market, with 17.86% of properties being condominiums. Education levels are notably high, with 77.23% of residents holding a college or university degree. However, 30.69% of the population is not in the labor force, which may reflect various factors such as retirement or further education. Overall, this demographic snapshot indicates a vibrant, educated community with a blend of singles and families, set in a relatively affluent area.