32 MELROSE AVENUE, Ottawa

$749,900

For sale: Multiplex

Multiplex at 32 MELROSE AVENUE, Ottawa
Property type
Duplex
Bedrooms / bathrooms
3 bedrooms, 2 bathrooms
Living area
1,500 sqft
MLS®
MLS® X13799830
Neighbourhood
4203 - Hintonburg

Located on one of Hintonburg's favourite streets, 32 Melrose is a two-unit property with plenty of potential in a location that continues to be a favourite with both owners and renters.Quiet, one-way Melrose feels nicely tucked away from the action, while still putting you just steps from some of the city's best restaurants, coffee shops, specialty food stores and local favourites.The main floor unit offers one bedroom, a comfortable living space at the front of the home, a full bathroom and a kitchen at the back with laundry. The second unit is spread over two floors, with a bright living room, a small covered balcony overlooking the street, a charming bedroom and a kitchen at the back with access to the rear of the property. Upstairs, the loft adds great flexibility and could work beautifully as a primary bedroom, home office, guest space or studio.The upper unit also has one parking space, and out back there is a sweet shared outdoor area where the current tenants have created and cared for a garden.For someone looking for an owner-occupied opportunity, there is real potential here to renovate, add value over time and enjoy one of Ottawa's most loved neighbourhoods while doing it. Savvy investors will appreciate the R4 zoning on this great street. The property will require fairly significant updating, but with this location, lifestyle and versatility, 32 Melrose is absolutely worth a closer look.

Sold data

Multiplex homes in Ottawa — recent sold market

Multiplex homes in Ottawa took a median of 39 days to sell over the last 90 days, with the quickest quarter selling within 20 days and the slowest quarter taking more than 67, across 43 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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 57 days.

The median sale price was $889,000.

Homes sold for about 2.8% below asking on average, so there was room to negotiate.

About 7% of sales closed above the list price.

Around 12% of sellers reduced their price before finding a buyer.

Median days to sell
39
Median sale price
$889,000
Sale-to-list ratio
97.2%
Sold above asking
7%

Based on 43 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

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 AvenueelementaryFraser rating 8.5/10
  • Agincourt RoadelementaryFraser rating 8.4/10
  • First AvenueelementaryFraser rating 8.4/10
  • NepeansecondaryFraser rating 8.3/10
  • ElmdaleelementaryFraser rating 8.2/10
  • Jean-Robert GauthierelementaryFraser rating 8.2/10

School ratings from the Fraser Institute's Ontario school report cards.

Currently for sale

Homes for sale near 32 MELROSE AVENUE