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For sale: Multiplex

Rarely offered in highly desirable Alta Vista, 2176 Blossom Avenue presents an exceptional opportunity to acquire a well-maintained 28-unit residential apartment building in an established Ottawa neighbourhood. The three-storey property offers a diverse unit mix of 19 one-bedroom units, 8 two-bedroom units and 1 bachelor apartment, providing a well-balanced rental profile. The property features 18 surface parking spaces and convenient on-site laundry facilities on both the ground and third levels. Recent improvements have enhanced the building's common areas, including a refreshed main entrance with new ceramic tile, fresh paint and a distinctive accent reception wall. Common areas throughout the building have also been updated with new carpet and paint, creating a clean and welcoming atmosphere for residents. With its desirable location, 28-unit scale, diverse unit mix, parking and recent updates, 2176 Blossom Avenue offers a rare opportunity to acquire a well-maintained multi-residential asset in one of Ottawa's established and desirable neighbourhoods. All additional information on property is available via Dropbox link upon request.
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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 69 days.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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