$799,000
For sale: Multiplex

Attention builders, investors, and developers! A rare opportunity awaits in the heart of Ottawa's iconic ByWard Market. This prime property is surrounded by the city's best restaurants, shops, and nightlife-offering unbeatable convenience and appeal. With R4UD zoning in place, the potential for redevelopment is wide open, whether you're envisioning a modern multi-unit building, mixed-use project, or a strategic addition to your investment portfolio. Properties like this don't come around often-capitalize on this thriving, high-demand area and bring your next big project to life!
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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 69 days.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.
Currently for sale

$799,000
Multiplex227-229 ST. PATRICK STREET, 4001 - Lower Town/Byward Market, Ottawa

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