310 BYRON AVENUE, Ottawa

$2,395,000

For sale: Multiplex

Multiplex at 310 BYRON AVENUE, Ottawa
Property type
Investment
MLS®
MLS® X11974619
Neighbourhood
5003 - Westboro/Hampton Park

Westboro, excellent brick purpose built 6 unit apartment building, substantially upgraded and fastidiously maintained, with renovated apartments in an excellent Westboro location. Renovated kitchens and bathrooms, refinished hardwood floors, plumbing stacks replaced, breaker panels in units, hood fans, bathroom fans, dishwashers, 6 parking spaces plus extra area for snow, coin op laundry, storage lockers, owned HWT's, roof ~16 years old, furnace boiler 2015, windows replaced with vinyl windows, outdoor seating area. There is upside to the rents. 1 block to Richmond Rd and the Loblaws Superstore and all the stores and cafe's along Richmond Road, 10 minute walk to LRT transit. The New Draft Zoning Bylaw is just around the corner and will change the zoning to Commercial CM1, which will permit a wide range of commercial uses (including retail, personal services, hotel...). There is an opportunity to substantially increase revenue. Redevelopment is also possible, with the CM1 zone permitting 6 storeys.

Sold data

Homes in Westboro Hampton Park — recent sold market

Homes in Westboro Hampton Park took a median of 21 days to sell over the last 365 days, with the quickest quarter selling within 10 days and the slowest quarter taking more than 38, across 89 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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 27 days.

The median sale price was $982,000.

Homes sold for about 2.3% below asking on average, so there was room to negotiate.

About 16% of sales closed above the list price.

Around 17% of sellers reduced their price before finding a buyer.

Median days to sell
21
Median sale price
$982,000
Sale-to-list ratio
97.7%
Sold above asking
16%

Based on 89 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

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 310 BYRON AVENUE