76 Barrette Street

Nestled in the vibrant community of 3402 - Vanier, 76 Barrette Street, Ottawa, presents an exceptional opportunity for investors and contractors alike. This Multi-Family Home for sale in Ottawa is ideally located just a stone's throw from the bustling Beechwood Avenue, known for its array of restaurants, cafés, and local amenities. This multiplex, comprising a two-storey building with a striking vinyl siding exterior, is a prime example of the potential that awaits in one of Ottawa's trendiest neighbourhoods.

This Multi-Family Home for sale in Ottawa features four well-appointed one-bedroom units, three of which are currently rented, while one unit is vacant, providing immediate income potential. With the property generating an impressive annual income of $44,880 at full occupancy, it offers a fantastic opportunity for those looking to invest in a multi-unit property. The flexible R4 zoning allows for a multitude of development possibilities, making this an enticing prospect for developers and renovators who envision creating their dream home or expanding their investment portfolio.

As you explore 76 Barrette Street, Ottawa, you will find that the property boasts a total of 16 rooms, including four kitchens, which are a significant asset for a multi-family dwelling. However, it is worth noting that there is no additional kitchen, and the house does not feature a den or a family room, which may influence your design choices. The bathrooms are plentiful, with a total of four, ensuring convenience for all tenants.

The absence of air conditioning and a fireplace may be a consideration for potential buyers, but the forced air heating system ensures warmth during the colder months. The property is unfurnished, allowing new owners the freedom to customise the interiors to their liking. The unfinished basement provides additional space for storage or future development, while the municipal water and sewer systems are already in place, simplifying the logistics of any renovation or construction plans.

Parking is available for two vehicles, which is a valuable feature in this urban setting, especially given the absence of a garage or driveway. The lot itself measures 33 by 99 feet, providing ample outdoor space for potential enhancements or landscaping. Although there is no pool, the proximity to the Rideau River pathways offers a fantastic alternative for outdoor leisure and recreation.

The recent updates to the property include a flat roof installed in 2019, a shingle roof from 2014, and a furnace replaced in 2016, ensuring that the essential components of the building are in good condition. Additionally, the presence of four hydro meters simplifies the management of utilities for each unit, making this Multi-Family Home for sale in Ottawa an even more attractive investment.

Located on Barrette Street, just off the intersection with Loyer, this property is surrounded by new infills and multi-unit developments, highlighting the area's growth and desirability. The vibrant community atmosphere, combined with the strategic location near essential services and recreational areas, makes 76 Barrette Street, Ottawa, a compelling choice for those looking to enter the property market or expand their investment portfolio.

In summary, this Multi-Family Home for sale in Ottawa at 76 Barrette Street is a rare find, offering a blend of investment potential and development opportunities in a sought-after location. With its four one-bedroom units, flexible zoning, and proximity to local amenities, it is an ideal choice for investors and contractors eager to capitalise on the thriving Ottawa real estate market. Don't miss the chance to explore this promising property and envision the possibilities it holds for your future.

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 shops, and community amenities, all set against the backdrop of leafy streets and parks. The area is well-connected by public transport, making it easy to access the city centre and beyond. Residents enjoy a strong sense of community spirit, with various events and activities that celebrate the local heritage. Whether you're drawn to its affordable housing options, proximity to nature, or the lively atmosphere, Vanier offers a unique blend of urban convenience and suburban charm.

Schools in the Neighbourhood

This property is conveniently located near several educational institutions, making it an ideal choice for families. Within a 3.3 km radius, you will find a variety of schools catering to different educational needs. The closest is St. Brigid School, a Catholic elementary school just 0.7 km away, offering grades JK to 6 with a commendable rating of 5.5. York Street Public School, located 1.1 km away, is another excellent option for elementary education, serving grades JK to 6 with a rating of 5.2. Manor Park Public School, 1.8 km from the property, provides a French immersion program for grades JK to 6 and has a solid rating of 6. For older students, Lisgar Collegiate Institute, a secondary school 2.4 km away, boasts a high rating of 7.9, serving grades 9 to 12. Additionally, Queen Elizabeth Public School, also 2.4 km away, offers a broader curriculum for grades JK to 8 with a rating of 3.9. Lastly, Immaculata High School, a Catholic secondary school 3.3 km away, serves grades 7 to 12 and has a rating of 5.8. This diverse selection of schools enhances the appeal of the property for potential buyers.

Key Statistics of the Neighbourhood

The demographic profile of the area surrounding the property reveals a small population of 397 residents, with an average household size of 1.7 individuals. The community has a median age of 41.3 years, reflecting a mature demographic. The average household income stands at $77,000, although 26% of the population is classified as low-income. The housing market is characterized by an average price of $720,000, with a significant majority of residents (86%) being renters, indicating a high demand for rental properties. Single individuals make up 63.51% of the population, while households with children represent 17.65%. The area is also home to a diverse population, with 12.5% of residents being immigrants. Educational attainment is notable, with 56.58% of the population holding a college or university degree. However, a significant portion, 32.89%, is not in the labor force, which may influence local economic dynamics. The presence of condos is limited, comprising only 10% of the housing stock, suggesting a predominance of other housing types in the area. Overall, this demographic snapshot highlights a community that is primarily composed of single renters with a mix of educational backgrounds and economic challenges.