$699,900
For sale: Multiplex

Exceptional investment opportunity in the heart of downtown Ottawa, just steps from Somerset, with excellent access to shops, restaurants, transit, and all downtown amenities. This unique property features two houses on one lot, offering two fully self-contained units, each spanning two levels and featuring separate entrances from both the main level and second level, providing privacy, flexibility, and strong rental appeal. The larger unit features 2 bedrooms, 1 bathroom, an updated kitchen, vaulted ceilings, and a spacious functional layout. The second unit offers 1 bedroom, 1 bathroom, vaulted ceilings, and its own comfortable living space. Two shared decks create valuable outdoor living areas with the potential to be designated for each unit. With ample parking in a sought-after downtown location, this property offers a rare combination of income potential and long-term value. Ideal for investors looking to expand their portfolio, house hackers seeking additional income, or buyers wanting a versatile property in the core of Ottawa.
Sold data
Multiplex homes in Ottawa took a median of 40 days to sell over the last 90 days, with the quickest quarter selling within 20 days and the slowest quarter taking more than 67, across 42 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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 61 days.
The median sale price was $884,450.
Homes sold for about 2.6% below asking on average, so there was room to negotiate.
About 7% of sales closed above the list price.
Around 12% of sellers reduced their price before finding a buyer.
Based on 42 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.
Currently for sale

$778,000
Multiplex479 NEWMAN AVENUE, 3502 - Overbrook/Castle Heights, Ottawa

$729,900
Detached1599 MAXIME STREET, 2204 - Pineview, Ottawa

$649,900
Detached6290 FORTUNE DRIVE, 2004 - Convent Glen North, Ottawa

$778,000
Detached479 NEWMAN AVENUE, 3502 - Overbrook/Castle Heights, Ottawa

$769,000
Semi-Detached/Link12 PRINCE ALBERT STREET, 3501 - Overbrook, Ottawa

$742,000
Detached9 LAURENTIDE ROAD, 7805 - Arbeatha Park, Ottawa

$599,000
Detached393 SPARTAN AVENUE W, 3502 - Overbrook/Castle Heights, Ottawa

$799,000
Other290 W HUNT CLUB ROAD, 7401 - Rideau Heights/Industrial Park, Ottawa