$1,584,000
For sale: Multiplex

Updated triplex in the sought-after neighbourhood of Mechanicsville/Hintonburg. Strong income with significant capital improvements already completed. Ideally located near Tunney's Pasture and within walking distance of the O-Train, Ottawa River Parkway bike path, Westboro Beach, coffee shops, restaurants, parks, and amenities on Wellington Street. Net Income $72,968. Unit 1 ($3300/month) is a two-storey unit offering 3 bedrooms and 2.5 bathrooms. Unit 2 ($2550/month) features 2 bedrooms and 1 bathroom. Unit 3 ($2000/month) is a studio unit. The rear parking area accommodates 3 vehicles. Each unit enjoys a private entrance and dedicated outdoor space. Contact for the full investment package, including income, expenses, inclusions, and capital improvement details.
Sold data
Homes in Mechanicsville took a median of 37 days to sell over the last 365 days, with the quickest quarter selling within 17 days and the slowest quarter taking more than 62, across 38 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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 56 days.
The median sale price was $502,400.
Homes sold for about 2.4% below asking on average, so there was room to negotiate.
About 21% of sales closed above the list price.
Around 18% of sellers reduced their price before finding a buyer.
Based on 38 recorded sales in the last 1 year — 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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