120 STRATHCONA AVENUE, Ottawa
$1,395,000
For sale: Multiplex
- Property type
- Multiplex
- Bedrooms / bathrooms
- 6 bedrooms, 5 bathrooms
- Living area
- 3,500 sqft
- MLS®
- MLS® X13739076
- Neighbourhood
- 4402 - Glebe
A rare opportunity in the heart of the Glebe. This 2.5 storey property offers the kind of flexibility and investment potential that rarely comes to market in one of Ottawa's most sought-after neighbourhoods. Featuring five self-contained apartments, each with its own living space, the property provides multiple income streams while offering the long-term appeal of owning in the heart of the Glebe. The build has the potential $77,500 net revenue or a 5.56% cap rate. The unit mix includes a two-bedroom apartment, and four one bedroom apartments, and there are five bathrooms in total. A dedicated basement locker/storage area adds valuable space for tenants or the owner, while ample parking is an especially attractive feature in this location. Whether you're looking to expand an existing portfolio, establish a foothold in the Glebe, or take advantage of the property's income-producing configuration, this is an opportunity worth a closer look. The location, layout and flexibility create a compelling combination that is increasingly difficult to find. Five apartments. Ample parking. Basement storage. A prime Glebe location. And plenty of potential.
Sold data
Homes in Glebe — recent sold market
Homes in Glebe took a median of 24 days to sell over the last 365 days, with the quickest quarter selling within 8 days and the slowest quarter taking more than 50, across 112 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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 36 days.
The median sale price was $1,324,500.
Homes sold for about 2.7% below asking on average, so there was room to negotiate.
About 24% of sales closed above the list price.
Around 12% of sellers reduced their price before finding a buyer.
- Median days to sell
- 24
- Median sale price
- $1,324,500
- Sale-to-list ratio
- 97.3%
- Sold above asking
- 24%
Based on 112 recorded sales in the last 1 year. 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 120 STRATHCONA AVENUE
$1,649,000
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Multiplex12+263,500–5,000 sqft152 GOULBURN AVENUE, 4004 - Sandy Hill, Ottawa
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Multiplex653,000–3,500 sqft213 DESROSIERS STREET, 3402 - Vanier, Ottawa
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Multiplex652,000–2,500 sqft121 CARRUTHERS AVENUE, 4201 - Mechanicsville, Ottawa
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Multiplex642,000–2,500 sqft52 ST ANDREW STREET, 4001 - Lower Town/Byward Market, Ottawa
$1,299,000
Multiplex5+232,500–3,000 sqft22 PARKGLEN DRIVE, 7301 - Meadowlands/St. Claire Gardens, Ottawa
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Multiplex6+241,500–2,000 sqft127 OSGOODE STREET, 4004 - Sandy Hill, Ottawa