107 SPADINA AVENUE, Ottawa

$799,900

For sale: Multiplex

Multiplex at 107 SPADINA AVENUE, Ottawa
Property type
Duplex
Bedrooms / bathrooms
4 bedrooms, 2 bathrooms
Living area
2,500 sqft
MLS®
MLS® X13674142
Neighbourhood
4203 - Hintonburg

INVESTMENT OPPORTUNITY IN WEST CENTRETOWN! Ideally positioned in one of Ottawa's most sought-after urban neighbourhoods, this well-located duplex offers an excellent opportunity for investors seeking a versatile income property with two separate residential units. Each unit occupies its own level and features two bedrooms, providing attractive layouts for tenants seeking comfortable inner-city living. The upper unit also enjoys a private second-floor balcony, while both units benefit from access to the backyard. Additional features include a detached garage and two rear parking spaces, conveniently accessed from the laneway/street behind Spadina Avenue-an exceptional amenity in this central location. The real value is the location. Situated in West Centretown, residents are surrounded by an outstanding mix of restaurants, cafés, grocery stores, shops, fitness studios, services and entertainment. Bank Street, Somerset Street West and the broader Centretown area offer an abundance of everyday amenities within easy reach. The neighbourhood is highly walkable and well connected by public transit, with convenient access to downtown, the O-Train network, Highway 417 and major employment, education and cultural destinations. (Centretown Ottawa)Enjoy close proximity to Chinatown and Little Italy, the Ottawa River pathways, parks and recreation, and the many attractions of downtown Ottawa. Centretown's established mix of residential, commercial and employment uses continues to make it an attractive choice for tenants seeking an urban lifestyle with convenience at their doorstep. (Centretown Citizens Ottawa Corporation)A fantastic opportunity to add a well-positioned duplex to your portfolio, live in one unit while renting the other, or capitalize on the enduring appeal of central Ottawa living. Minimum 48hrs notice to schedule any and all showings.

Sold data

Multiplex homes in Ottawa — recent sold market

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.

Median days to sell
41
Median sale price
$894,000
Sale-to-list ratio
96.3%
Sold above asking
5%

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

Schools in Ottawa

Ottawa has 217 Fraser Institute–rated schools (174 elementary and 43 secondary), averaging 6.2/10.

Rated schools
217
Elementary
174
Secondary
43
Average rating
6.2 / 10

Top-rated schools in Ottawa

  • Hopewell Avenue — elementaryFraser rating 8.5/10
  • Agincourt Road — elementaryFraser rating 8.4/10
  • First Avenue — elementaryFraser rating 8.4/10
  • Nepean — secondaryFraser rating 8.3/10
  • Elmdale — elementaryFraser rating 8.2/10
  • Jean-Robert Gauthier — elementaryFraser rating 8.2/10

School ratings from the Fraser Institute's Ontario school report cards.

Currently for sale

Homes for sale near 107 SPADINA AVENUE