922 Pinewood Crescent

Welcome to this fantastic investment opportunity: a Multi-Family Home for sale in Ottawa , located at 922 Pinewood Crescent, Ottawa. This impressive multiplex is not just a house; it's a chance to secure a solid addition to your property portfolio or even a perfect setup for owner-occupancy while generating rental income from the other units. Nestled in the desirable community of 6203 - Queensway Terrace North, this property boasts a prime location that is sure to attract high-quality tenants.

The property at 922 Pinewood Crescent, Ottawa, features a well-maintained 2-storey building with a charming brick exterior. With a total of 12 rooms, including six spacious bedrooms and two additional dens, there’s plenty of space for everyone. The layout consists of two three-bedroom units on the main and second floors, along with a two-bedroom unit on the lower level. Each unit is equipped with its own private laundry facilities, making it convenient for tenants. This Multi-Family Home for sale in Ottawa is designed to cater to the needs of modern living while providing a comfortable environment.

One of the standout features of this property is the rental potential. The main floor three-bedroom unit is currently rented at £1,540 plus utilities, and the upper three-bedroom unit is also rented for the same amount, both on a month-to-month basis. The lower two-bedroom unit is rented at £1,895 plus utilities, again on a month-to-month lease. It’s worth noting that both the middle and upper units are well below market rents, presenting a tremendous opportunity for increased revenue should you choose to adjust the rates. This is a truly remarkable aspect of the Multi-Family Home for sale in Ottawa, as it provides immediate cash flow while allowing for future growth.

The property is situated on a generous lot measuring 52 by 80 feet, with ample parking available for up to three vehicles on a private driveway. Although there is no garage space, the convenience of parking on-site is a significant advantage for tenants. The absence of a pool and a fireplace might seem like a drawback, but this means lower maintenance costs and fewer responsibilities for the landlord. Additionally, the property is unfurnished, giving tenants the freedom to make it their own.

As for utilities, this Multi-Family Home for sale in Ottawa is equipped with three hydro meters, three water meters, and two gas meters, along with two furnaces and three hot water tanks. The heating system is forced air, ensuring a warm and cosy environment during the chilly Ottawa winters. While there is no central vacuum system or air conditioning, the property is connected to municipal water and sewer services, providing essential amenities for comfortable living.

Another significant feature of this property is the separate entrance to the basement apartment, which adds an extra layer of privacy for tenants. This is a highly sought-after feature in a Multi-Family Home for sale in Ottawa, as it allows for independent living arrangements. The building has seen numerous updates, including improvements to the roof, electrical systems, plumbing, and bathrooms, as well as refinished hardwood floors and modern appliances in the kitchens. These updates contribute to the overall appeal and value of the property.

In summary, 922 Pinewood Crescent, Ottawa, is a diamond in the rough that offers impressive value and a low-maintenance lifestyle for both landlords and tenants. With a combination of spacious living areas, a prime location, and solid rental income potential, this Multi-Family Home for sale in Ottawa is an opportunity not to be missed. If you’re interested in viewing this property, please note that a minimum of 24 hours' notice is required for showings. Don’t let this chance slip away – seize the opportunity to invest in a promising property in a thriving community!

Queensway Terrace North is a charming residential neighbourhood situated in the vibrant city of Ottawa. Nestled conveniently near the Ottawa River, this area boasts a mix of tranquil suburban living and easy access to urban amenities. With its tree-lined streets, well-maintained parks, and a variety of local shops and services, residents enjoy a peaceful yet connected lifestyle. The community is well-served by public transport, making it easy to reach the bustling city centre, while nearby recreational facilities and schools cater to families and individuals alike. Whether you’re seeking outdoor activities or cultural experiences, Queensway Terrace North offers a welcoming environment that balances the best of both worlds.

Schools in the Neighbourhood

This property is conveniently located near several reputable schools, making it an ideal choice for families. Within a short distance of approximately 0.8 to 2.8 km, you'll find a variety of educational institutions catering to different age groups and language preferences. Notable nearby schools include Severn Avenue Public School, which offers French instruction for grades JK to 6 and boasts an impressive school rating of 8.2, and Woodroffe High School, providing secondary education with a rating of 5.6. For those seeking English-language options, Regina Street Alternative School and Pinecrest Public School are both within 1.3 to 1.4 km, offering grades JK to 6 and JK to 8, respectively. Additionally, Dr. F. J. McDonald Catholic School and St. Paul High School provide quality Catholic education options. The diverse range of schools, along with their strong ratings, ensures that families have access to quality education within close proximity, enhancing the appeal of this property for potential buyers looking for a family-friendly community.