93-95 Lower Charlotte Street

Welcome to the stunning **Multi-Family Home for sale in Ottawa ** located at 93-95 Lower Charlotte Street, Ottawa. This remarkable property, built around 1907, has undergone extensive renovations since 2003, making it an ideal investment opportunity for those looking to own a piece of Ottawa's vibrant Lower Town community. With a legal non-conforming triplex setup, this multiplex boasts a total of ten bedrooms and six bathrooms, providing ample space for families or tenants alike.

As you approach 93-95 Lower Charlotte Street, Ottawa, you'll immediately notice the charming brick exterior, which has been thoughtfully maintained and updated. The property spans a generous lot of 38 by 82 feet, offering front yard parking and lane access for convenience. The building is three storeys high, making it an impressive sight in the neighbourhood. The renovations include a complete overhaul of all systems, with electrical upgrades from 100 amp service to a robust 300 amp service, ensuring that this **Multi-Family Home for sale in Ottawa** is equipped to handle modern living.

Inside, the property features a total of 20 rooms, including five kitchens and six bathrooms, which have all been beautifully renovated. The main floor of 93 Lower Charlotte Street includes a spacious living and dining area, a powder room, and a contemporary kitchen that opens onto a large private deck—perfect for entertaining or enjoying a quiet evening outdoors. The second floor houses a master bedroom complete with a walk-in closet, access to a balcony, and a luxurious four-piece ensuite. There’s also a second bedroom fitted with a Murphy bed, making efficient use of space.

Moving to 95 Lower Charlotte Street, this unit also offers two bedrooms, a four-piece bathroom, and a kitchen on the main floor. The second floor boasts three additional bedrooms, another four-piece bathroom, and a kitchenette with access to the front balcony, allowing for plenty of natural light and fresh air. Each unit has its own unique charm and layout, catering to a variety of living arrangements.

The third unit, located on the top floor, features private access from the back entrance and includes three bedrooms, two three-piece bathrooms, and a combined kitchen and living area. This unit also has exclusive use of the rooftop deck, complete with a BBQ area—ideal for summer gatherings.

While there is no central vacuum system or family room, the property is equipped with central air conditioning, ensuring comfort throughout the year. The unfinished basement offers potential for further development, should you wish to expand the living space or create additional storage.

The **Multi-Family Home for sale in Ottawa** comes with significant rental income potential, with total rental revenues reaching $100,800 annually, including all utilities. The current tenants enjoy the convenience of having four legal parking spaces available, which is a rare find in this bustling area.

The total operating expenses for the property amount to $26,575, covering taxes, Wi-Fi, hydro, water, gas, and insurance. With a net operating income (NOI) of $74,225 and a capitalisation rate of 4.4%, this property represents a solid investment opportunity for anyone looking to enter the Ottawa real estate market.

In summary, 93-95 Lower Charlotte Street, Ottawa, is a prime **Multi-Family Home for sale in Ottawa** that combines historical charm with modern amenities. Whether you’re an investor or a family looking for a spacious home, this property has something to offer everyone. Don't miss out on the chance to own this exceptional triplex in one of Ottawa's most desirable communities!

Lower Town, located in the heart of Ottawa, is a vibrant and historic neighbourhood that offers a unique blend of urban charm and cultural richness. Nestled just east of the Rideau Canal, this area is characterised by its picturesque streets lined with heritage buildings, trendy cafes, and eclectic boutiques. As a would-be resident, you'll appreciate the close proximity to major attractions such as the ByWard Market, where you can indulge in local produce and artisanal goods. The community boasts a diverse population and a lively arts scene, with numerous galleries and events that celebrate its rich history. With excellent public transport links and easy access to parks and recreational spaces, Lower Town presents an inviting and dynamic environment for those seeking a lively urban lifestyle.

Schools in the Neighbourhood

This property is conveniently located near a variety of educational institutions, making it an ideal choice for families. The closest school is York Street Public School, an elementary school offering grades JK to 6, just 0.5 km away, though it has a lower school rating of 1.7. For a better-rated option, Queen Elizabeth Public School, which serves grades JK to 8, is located 2.7 km away with a rating of 3.8. For secondary education, Lisgar Collegiate Institute, rated 8.8, is only 1.8 km from the property, providing a strong academic environment for grades 9 to 12. Additionally, Elgin Street Public School and Hopewell Avenue Public School offer French-language instruction, with ratings of 7.7 and 8, respectively, at distances of 2.4 km and 4.7 km. St. Brigid School, a Catholic elementary school, is 1.1 km away with a rating of 3.3, while Immaculata High School, also Catholic, is 2.8 km away and rated 7.4. Overall, this area provides a range of quality educational options for children of all ages, ensuring a supportive community for families.

Key Statistics of the Neighbourhood

The area surrounding the property has a population of 561 residents, with an average household size of 2.1 individuals. The community has a relatively young demographic, with an average age of 38.3 years. The average household income stands at $93,000, although 17.6% of the population is classified as low-income. Housing prices are notably high, with an average property value of $820,000. The area has a significant percentage of single individuals, making up 57.45% of the population, while 34.62% of households include children. Immigrants represent 18.9% of the community, contributing to its diversity. Renters dominate the housing market, comprising 64.29% of residents, and condominiums account for 17.86% of housing types. Education levels are high, with 77.23% of the population holding a college or university degree. However, a considerable portion, 30.69%, is not actively participating in the labor force. This demographic profile suggests a vibrant, educated community with a mix of families and singles, although housing affordability may be a concern for some residents.