879 Kirkwood Avenue

Nestled in the heart of Ottawa, the property at 879 Kirkwood Avenue, Ottawa, presents a unique opportunity for prospective buyers seeking a versatile investment. This Multi-Family Home for sale in Ottawa is a well-maintained multiplex building, boasting a three-storey design that accommodates a total of six rental units. With a combination of two one-bedroom and four two-bedroom units, this property is fully rented, ensuring a steady stream of income from reliable tenants.

The exterior of the building is constructed from sturdy brick, which not only adds to its aesthetic appeal but also provides durability and low maintenance. Spanning an impressive lot size of 87 by 115 feet, this Multi-Family Home for sale in Ottawa is situated in the desirable Carlington community, specifically within the 5301 area. The location is advantageous, offering quick access to the 417 highway, making commuting a breeze. Additionally, it is conveniently located near Westgate and Carlingwood shopping centres, as well as several grocery stores, parks, and schools, catering to the needs of both tenants and potential owners.

Inside, the property features a total of 20 rooms, which includes four kitchens and eight additional rooms, providing ample space for residents. Each unit is equipped with essential amenities, and the presence of internet connectivity ensures that tenants can stay connected. However, it is worth noting that this Multi-Family Home for sale in Ottawa does not include air conditioning, a central vacuum system, or a family room, which may be considerations for potential buyers. Furthermore, there is no pool or fireplace, but the forced air heating system ensures that the property remains warm during the colder months.

The building does not feature a garage or a driveway, but it offers parking space for up to ten vehicles, making it convenient for both residents and guests. The absence of additional land means that the property is focused solely on the existing structure and its immediate surroundings. The basement is categorised as 'other', providing potential for various uses, depending on the buyer's vision.

For those interested in expanding their investment portfolio, it is noteworthy that 873 Kirkwood Avenue is also for sale. The combined frontage of both properties totals an impressive 172.60 feet on Kirkwood Avenue, presenting a fantastic opportunity for future development. This aspect could be particularly appealing for investors looking to capitalise on the growing demand for housing in the area.

The community surrounding 879 Kirkwood Avenue, Ottawa, is vibrant and well-connected, with an OC Transpo bus stop located directly in front of the building, enhancing accessibility for residents. This feature is particularly beneficial for tenants who rely on public transport for their daily commutes.

In summary, the property at 879 Kirkwood Avenue, Ottawa, is a remarkable Multi-Family Home for sale in Ottawa, offering a blend of investment potential and convenience. With its fully rented units, strategic location, and ample parking, this property is poised to attract both seasoned investors and those new to the real estate market. The absence of certain features such as air conditioning and a family room may be a consideration, but the overall value of this multiplex is undeniable.

Seize this opportunity to invest in a property that not only provides immediate rental income but also holds the promise of future development potential. Don't miss out on this Multi-Family Home for sale in Ottawa, located at 879 Kirkwood Avenue, Ottawa, where your investment dreams can become a reality.

Carlington, located in the vibrant city of Ottawa, is a charming residential neighbourhood that offers a unique blend of suburban tranquillity and urban convenience. Nestled between the bustling areas of Westboro and the Ottawa Civic Hospital, Carlington boasts a diverse array of housing options, from quaint bungalows to modern townhouses. The community is characterised by its lush green spaces, including the scenic Carlington Park, which provides ample opportunities for outdoor activities and leisurely strolls. With easy access to public transport, local shops, and schools, Carlington is an ideal choice for families and professionals alike, offering a welcoming atmosphere while remaining just a short distance from the cultural and recreational amenities of downtown Ottawa.

Schools in the Neighbourhood

This property is conveniently located near several reputable schools, making it an ideal choice for families. The closest school is St. Elizabeth School, a Catholic elementary institution just 0.1 km away, offering grades JK to 6 with a solid school rating of 4.2. For public education, W.E. Gowling Public School is only 0.5 km away, providing both English and French language options for grades JK to 6, although it has a lower rating of 2.3. Broadview Avenue Public School, situated 1.6 km from the property, offers a strong program for grades JK to 8 with a commendable rating of 7.3. For secondary education, Nepean High School is located 1.7 km away and boasts an impressive rating of 8.1, serving grades 9 to 12. Additionally, Notre Dame High School, a Catholic secondary school, is 1.5 km from the property, catering to grades 7 to 12 with a rating of 5.3. Overall, this area offers a diverse range of educational options, ensuring that families have access to quality schooling for their children.

Key Statistics of the Neighbourhood

The demographic profile of the area surrounding the property reveals a small, yet diverse community with a population of 489 residents. The average household consists of 2.1 individuals, with a significant portion of the population being single (47.62%) and 33.33% of households having children. The average age of residents is 45.2 years, reflecting a mature demographic. Economically, the area boasts an average household income of $93,000, although 14.4% of the population is classified as low-income. The real estate market shows an average property price of $620,000, with a notable 43.48% of residents renting their homes. Interestingly, there are no condominiums in the area, suggesting a preference for other housing types. The community is also characterized by a high level of education, with 70.21% of residents holding a college or university degree. Additionally, 23.15% of the population are immigrants, contributing to the area's cultural diversity. However, a significant 35.11% of residents are not in the labor force, indicating potential challenges in employment opportunities. Overall, this area presents a blend of stability, education, and diversity, making it an intriguing option for potential homeowners or investors.