732 Morin Street

Nestled in the heart of Ottawa, at 732 Morin Street, this remarkable Multi-Family Home for sale in Ottawa presents an exceptional investment opportunity. This renovated legal triplex is perfectly suited for both seasoned investors and first-time buyers eager to generate rental income. The property is located in the desirable community of 3402 - Vanier, ensuring that residents enjoy a vibrant neighbourhood with easy access to local amenities.

This impressive building, styled as a 3-storey multiplex, boasts a robust exterior of brick and vinyl siding, providing both durability and aesthetic appeal. With a total of six bedrooms and three bathrooms, this Multi-Family Home for sale in Ottawa is designed to accommodate a variety of living arrangements. Each of the three separate living units features its own private entrance, ensuring a sense of independence for each tenant.

The first unit is a spacious three-bedroom, one-bathroom apartment that comes complete with a delightful deck and direct access to the backyard, making it ideal for families or those who enjoy outdoor space. This unit is currently rented at $2,101.25 per month. The second unit mirrors the first, also offering three bedrooms and one bathroom, along with a charming balcony that provides a lovely view of the surroundings, and it is rented for $2,203.75 per month. Finally, the third unit is a cosy one-bedroom, one-bathroom apartment, which is currently under a fixed lease until July 2025 at a rate of $1,300 per month. All units come equipped with laundry facilities and two entrances, enhancing convenience for residents.

The property also features two kitchens, making meal preparation a breeze for all tenants. With a total of five rooms in the building, this Multi-Family Home for sale in Ottawa is well laid out to maximise space and functionality. The central air conditioning ensures a comfortable living environment throughout the year, while the finished basement apartment adds an extra layer of versatility to the property.

The home is unfurnished, allowing new owners the freedom to personalise their spaces as they see fit. Although there is no central vacuum system, the forced air heating provides efficient warmth during the colder months. The property is connected to municipal water and sewer systems, ensuring reliable utility services.

While there is no pool or fireplace, the property offers ample parking space, with an attached garage accommodating two vehicles and additional parking available for three more. The driveway is accessible via a lane, providing ease of access for residents and guests alike. The lot measures an impressive 68 by 104 feet, offering plenty of outdoor space for potential landscaping or recreational activities.

Situated just minutes from the St-Laurent complex, schools, and public transit, this Multi-Family Home for sale in Ottawa is ideally located for those seeking a convenient lifestyle. The recent successful building inspection by the City of Ottawa in October 2024 adds an extra layer of assurance for potential buyers, confirming the property's compliance with local regulations.

In summary, 732 Morin Street, Ottawa, is not just a property; it is an exceptional investment opportunity in a thriving community. Whether you are looking to expand your property portfolio or seeking a home that offers rental income potential, this Multi-Family Home for sale in Ottawa is a must-see. With its excellent location, well-designed living spaces, and strong rental history, this triplex is poised for immediate cash flow and long-term equity growth. Don’t miss out on the chance to make this fantastic property your own!

Vanier, designated as community 3402, is a vibrant and diverse neighbourhood situated just east of downtown Ottawa. Known for its rich cultural tapestry, Vanier boasts a mix of residential areas, local businesses, and parks, making it an appealing choice for those seeking a lively urban environment. The community is characterised by its charming streets, historic architecture, and a strong sense of local identity. Residents enjoy easy access to public transport, enabling convenient travel to the city centre, while the nearby Rideau River offers opportunities for outdoor activities. With its blend of amenities and community spirit, Vanier presents an inviting option for anyone looking to settle in Ottawa.

Schools in the Neighbourhood

This property is ideally situated near several reputable educational institutions, making it an excellent choice for families. Just 0.3 km away, Queen Elizabeth Public School offers an English-language curriculum for grades JK to 8 and boasts a solid rating of 3.8. For older students, Gloucester High School, located 3.7 km away, provides secondary education from grades 9 to 12 with an impressive rating of 4.9. Additionally, Manor Park Public School and Vincent Massey Public School, both within 1.8 km and 4.0 km respectively, offer French-language instruction for elementary grades and have ratings of 6.1 and 6.6, respectively. For those seeking a Catholic education, Our Lady of Mount Carmel School is just 0.8 km away, catering to grades JK to 6 with a rating of 6.1, while Immaculata High School, located 4.0 km away, serves grades 7 to 12 and has a commendable rating of 7.4. With a diverse range of schools nearby, parents will appreciate the variety of educational options available for their children, ensuring a nurturing and supportive learning environment.

Key Statistics of the Neighbourhood

The area surrounding the property has a population of 1,012 residents, with an average household size of 2.4 individuals. The demographic profile indicates a mature community, with an average age of 46.9 years. The average household income stands at $89,600, reflecting a relatively affluent population, although 10.6% of residents are classified as low-income. The real estate market shows an average home price of $492,000, with 40.51% of households renting their residences. A significant portion of the community is single, accounting for 55.87%, while 40.43% of households include children. The area is also diverse, with 21.84% of residents being immigrants. Education levels are high, with over half (52.63%) of the population holding a college or university degree. However, a notable 43.42% of residents are not in the labor force, which may influence the local economy. Additionally, the housing landscape includes a small percentage of condominiums, at 3.8%. This demographic snapshot highlights a blend of stability, diversity, and educational attainment within the community.