$900,000
For sale: Multiplex

An excellent investment opportunity in one of Ottawa's most desirable neighbourhoods. Located in Old Ottawa South, the property offers a rare chance to put money into a well-situated home with strong long-term appeal, close to the Canal, Lansdowne Park, and the Glebe.The property is configured as a duplex with a third unit in the basement, providing flexible income potential. One unit has a long-term tenant already in place, while the other unit and the basement suite require work to bring them up to standard. This creates an opportunity for an investor to improve the property and add value over time.With its prime location, solid structure, and infill potential, this is a compelling opportunity for someone looking to invest in a great neighbourhood and unlock the property's full potential. Property has 2 addresses, 44 Glen Ave (Tenanted) and 101 Grosvenor Ave (Vacant) . Property is being sold as-is.
Sold data
Multiplex homes in Ottawa took a median of 41 days to sell over the last 90 days, with the quickest quarter selling within 24 days and the slowest quarter taking more than 67, across 40 recorded sales.
That clock counts only the listing each home finally sold on. Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 69 days.
The median sale price was $894,000.
Homes sold for about 3.7% below asking on average, so there was room to negotiate.
About 5% of sales closed above the list price.
Around 12% of sellers reduced their price before finding a buyer.
Based on 40 recorded sales in the last 90 days — a small sample, so treat these figures as indicative. Aggregate statistics only; individual sale prices are not shown.
Schools
Ottawa has 217 Fraser Institute–rated schools (174 elementary and 43 secondary), averaging 6.2/10.
School ratings from the Fraser Institute's Ontario school report cards.
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