81 Marlborough Avenue

Nestled in the heart of Ottawa's vibrant Sandy Hill community, this remarkable Multi-Family Home for sale in Ottawa at 81 Marlborough Avenue presents a unique opportunity for both investors and homeowners. This purpose-built triplex combines classic charm with modern functionality, making it an ideal choice for those looking to benefit from rental income while residing in one of the city's most historic and lively areas.

The property, located at 81 Marlborough Avenue, Ottawa, is a two-storey multiplex constructed of sturdy brick, offering a total of 11 bedrooms and 4 full bathrooms across its three distinct units. Each unit is equipped with its own kitchen, in-unit laundry facilities, and living space, ensuring privacy and comfort for all occupants. This Multi-Family Home for sale in Ottawa is comprised of three separate civic addresses: 81, 81B, and 83 Marlborough Avenue, allowing for independent living arrangements.

The main level unit, 81 Marlborough Avenue, boasts 5 spacious bedrooms and 2 full bathrooms. This unit features a well-appointed kitchen and a bright living room, currently rented at an impressive rate of $3,680 per month. The upper-level unit, 83 Marlborough Avenue, offers 3 bedrooms and 1 full bathroom, along with a functional kitchen and living area, generating a monthly rental income of $2,310. Meanwhile, the lower unit at 81B Marlborough Avenue has been fully renovated with city permits, showcasing a stylish, open-concept layout that includes 3 bedrooms, 1 full bathroom, and a modern kitchen. This unit also commands a rental price of $2,310 per month.

With a total of 11 rooms, this Multi-Family Home for sale in Ottawa is not only a lucrative investment but also a well-maintained property. The building features wall unit air conditioning for comfort during the warmer months, while the heating system is powered by a forced air system. The property is connected to municipal water and sewer services, ensuring reliable utilities for all tenants.

One of the standout features of this property is its significant potential for future development, thanks to its R4UA zoning. This flexibility allows for various possibilities, making it an attractive option for those looking to expand their investment portfolio. Recent updates, including a new combi-boiler for heating and hot water installed in 2019, a new roof added in 2021, and new windows fitted in the main and upper units in 2022, further enhance the property's appeal.

The lot measures an ample 41 x 94 feet, providing enough space for two on-site parking spaces, which adds to the income potential of this Multi-Family Home for sale in Ottawa. With a strong annual gross revenue of $102,480 and manageable operating expenses of $16,014, the property has reported a net income of $86,466 for 2024. Utilities are separately metered, with tenants responsible for their own hydro costs, ensuring a straightforward management process for the owner.

This property comes unfurnished, providing the new owner with the flexibility to furnish the units according to their rental strategy, whether for short-term or long-term tenants. The family room in each unit adds an inviting space for relaxation and socialising, further enhancing the appeal of this triplex.

In summary, 81 Marlborough Avenue, Ottawa, is a stunning Multi-Family Home for sale in Ottawa that offers a rare combination of investment potential and comfortable living. With its prime location in Sandy Hill, extensive features, and robust rental income, this property is an exceptional opportunity for anyone looking to enter the rental market or expand their real estate investments. Don't miss your chance to own this remarkable triplex in one of Ottawa's most desirable neighbourhoods.

Sandy Hill is a charming and vibrant neighbourhood located just east of downtown Ottawa, renowned for its historic architecture and lush green spaces. As a prospective resident, you would appreciate its unique blend of residential tranquility and urban convenience, with tree-lined streets and a mix of heritage homes, modern apartments, and cultural institutions. The area is home to a diverse population, including students from nearby universities, young professionals, and families, fostering a lively atmosphere. Sandy Hill boasts excellent amenities, including cafes, restaurants, and parks, while being within easy reach of the city’s key attractions, making it an ideal place for those seeking a dynamic yet peaceful living environment.

Schools in the Neighbourhood

This property is conveniently located near several educational institutions, catering to various age groups and educational preferences. The closest option is Viscount Alexander Public School, an English-language elementary school just 0.7 km away, serving grades JK to 6, with a school rating of 5.8. For older elementary students, Glashan Public School is 2.4 km away, offering grades 7 to 8, although it currently has a rating of 0. Secondary education is well-represented by Lisgar Collegiate Institute, located 1.3 km from the property, which boasts a solid rating of 7.9 for grades 9 to 12. Additionally, Elgin Street Public School (1.8 km) and Hopewell Avenue Public School (3.7 km) provide French-language education for younger students, with Hopewell achieving an impressive rating of 9. Assumption School, a Catholic elementary school, is also nearby at 1.4 km, rated 5. Lastly, Immaculata High School, a Catholic secondary institution, is 1.9 km away, rated 5.8. This diverse selection of schools ensures that families have access to quality education options in close proximity.