892 Baseline Road

Nestled in the heart of the vibrant community of 7201 - City View/Skyline/Fisher Heights/Parkwood Hills, this exceptional property at 892 Baseline Road, Ottawa, presents a remarkable opportunity for both investors and those looking to reside in a multi-family setup. This Multi-Family Home for sale in Ottawa is not just a property; it's a smart investment with a prime location that promises impressive value and potential.

This legal duplex is a true gem, boasting a well-maintained bungalow style with a sturdy brick exterior that adds to its charm. The building is designed as a multiplex, making it an ideal choice for those seeking a dual-income property. With three bedrooms on the main floor and an additional two bedrooms in the lower unit, this Multi-Family Home for sale in Ottawa is perfect for families or individuals looking to share living spaces while maintaining their privacy.

The main floor unit, featuring three spacious bedrooms, is currently rented at a competitive rate of $2,275 plus utilities, with a fixed lease in place until 30th September. This arrangement provides a steady income stream for the savvy investor. Meanwhile, the lower unit, which offers two bedrooms, is rented at $1,850 plus utilities, with a lease that runs until 31st May. Both units come equipped with their own private laundry facilities, ensuring convenience for all tenants.

Situated on a generous lot measuring 35 x 103 feet, this property at 892 Baseline Road, Ottawa, includes a private driveway that accommodates up to three vehicles, split equally for each unit's parking needs. Although there is no garage space available, the private driveway offers ample parking for residents and guests alike. The absence of a pool and fireplace means less maintenance, allowing for a hassle-free living experience. Additionally, the property does not feature a central vacuum system, but it does have forced air heating, ensuring warmth and comfort during the colder months.

Internet connectivity is available, making this Multi-Family Home for sale in Ottawa an attractive option for tenants who work from home or simply enjoy staying connected. The absence of air conditioning may be a consideration for some, but the property's design and layout allow for natural ventilation, keeping the living spaces comfortable.

The basement of the property has been thoughtfully converted into an apartment, providing additional living space that can be utilised in various ways, whether as a rental unit or a space for family members. This flexibility adds to the overall appeal of this Multi-Family Home for sale in Ottawa, making it a versatile choice for potential buyers.

With a 5.9% cap rate, this property represents a tremendous investment opportunity. The location is prime for attracting high-quality tenants, ensuring a steady rental income. The community of 7201 - City View/Skyline/Fisher Heights/Parkwood Hills is known for its accessibility to local amenities, parks, and schools, making it an ideal environment for families and professionals alike.

For those considering this property as a personal residence, the option to live in one unit while renting out the other is a fantastic way to offset living costs. This Multi-Family Home for sale in Ottawa is not just a house; it’s a lifestyle choice that offers both comfort and financial benefits.

In conclusion, 892 Baseline Road, Ottawa, is a diamond in the rough, presenting a low-maintenance, easy-to-rent opportunity that is perfect for both seasoned investors and first-time buyers. With its impressive features and prime location, this Multi-Family Home for sale in Ottawa is not to be missed. Please note that viewings require a minimum of 24 hours' notice, so don’t hesitate to arrange a visit and explore the potential that this property has to offer.

The 7201 area, encompassing City View, Skyline, Fisher Heights, and Parkwood Hills, offers a charming blend of suburban tranquillity and urban convenience in Ottawa. Nestled amidst lush green spaces and parks, this neighbourhood is ideal for families and nature enthusiasts alike, with ample opportunities for outdoor activities and leisurely strolls. The community boasts a variety of amenities, including shopping centres, schools, and recreational facilities, ensuring that residents have everything they need within easy reach. With its friendly atmosphere and well-established infrastructure, 7201 presents an inviting option for those seeking a harmonious balance between city life and the serenity of suburban living.

Schools in the Neighbourhood

This property is conveniently located near several educational institutions, catering to a range of academic needs. For elementary education, W.E. Gowling Public School (1.7 km) offers English instruction for grades JK to 6, but has a lower school rating of 2.3. In contrast, Sir Winston Churchill Public School (1.6 km) and Agincourt Road Public School (2.5 km) provide French instruction for grades JK to 6 and JK to 8, respectively, both boasting impressive ratings of 8.2 and 8.4. For Catholic education, St. Augustine School (0.8 km) is nearby, with a solid rating of 7.1 for grades JK to 6. As students transition to high school, Merivale High School (2.9 km) offers grades 7 to 12 with a commendable rating of 8.1, while St. Pius X High School (1.0 km) caters to grades 9 to 12 with a rating of 6.2. Additionally, Frank Ryan Catholic Intermediate School (2.0 km) serves grades 7 to 8, although it currently has a rating of 0. Overall, the area provides a diverse range of educational options, ensuring that families have access to quality schooling close to home.

Key Statistics of the Neighbourhood

The demographic profile of the area surrounding the property reveals a small, diverse community with a population of 1,549 residents and an average household size of 1.9. The average age of residents is 43.8 years, indicating a mature population. The average household income stands at $68,200, with 14.1% of the population classified as low-income. A significant portion of the community is single, comprising 59.64% of the population, while 28.36% of households include children. Immigrants represent 22.31% of the population, contributing to the area's cultural diversity. The housing market is predominantly rental, with 85.31% of residents renting their homes, and there are no condominiums available in the area. The average home price is $620,000, reflecting the local real estate market's dynamics. Education levels are relatively high, with 60.09% of residents holding a college or university degree. However, a notable 32.29% of the population is not in the labor force, which may influence economic activity in the area. Overall, this community presents a unique blend of demographics that could appeal to potential buyers or investors looking for rental opportunities.