$995,000
For sale: Multiplex

Exceptional investment opportunity in the heart of North Gower, offering immediate income and outstanding future development potential. Positioned prominently at the intersection of Roger Stevens Drive and Fourth Line Road, this unique land assembly includes two fully tenanted triplex buildings along with a commercially zoned parking lot situated between them. The parking area accommodates approximately 10-12 vehicles and features a versatile outbuilding currently utilized for storage. With Village Mixed Use (VM) zoning, this property presents remarkable flexibility for a wide range of commercial, residential, or mixed-use possibilities. Whether you're seeking a strong income-generating asset, a strategic land holding, or a site with exciting redevelopment prospects, this offering delivers exceptional value and long-term upside in a growing community. *Lot size is based on all three properties.
Sold data
Multiplex homes in Ottawa took a median of 40 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 42 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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 61 days.
The median sale price was $884,450.
Homes sold for about 2.6% 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.
Based on 42 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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