78 RITCHIE STREET, Ottawa

$749,900

For sale: Multiplex

Multiplex at 78 RITCHIE STREET, Ottawa
Property type
Duplex
Bedrooms / bathrooms
4 bedrooms, 3 bathrooms
Living area
1,500 sqft
MLS®
MLS® X13639168
Neighbourhood
6101 - Britannia

78 Ritchie Street is a mechanics dream investment property!! A unique opportunity to own a custom built non-conforming duplex with potential to convert back into a spacious multi-generational high ranch bungalow in a desirable central west location close to public transit, shopping, restaurants, movie theatres, schools and everyday amenities. This versatile property offers excellent potential for investors, owner occupants or buyers seeking additional income opportunities. Both the upper and lower units feature 2 bedrooms and 1 full bathroom with functional layouts, laminate flooring throughout and large windows that fill the spaces with natural light. The property offers comfortable living arrangements with flexibility for extended family or tenants. A standout feature is the impressive commercial grade double garage designed for hobbyists, contractors, mechanics or small business use. The garage includes its own wood furnace heating system, hydraulic car hoist, commercial grade door openers and a convenient 2 piece bathroom. Three 50 amp outlets are already installed making the space ideal for EV charging, workshop equipment or heavy duty tools. The garage also offers approximately 12 foot high storage capacity providing excellent room for vehicles, equipment or recreational storage. A wood electric combination furnace services the main house along with separate baseboard heating in the basement. Extensive fireproofing has been completed with 5/8 fire rated drywall throughout the basement ceiling for added peace of mind. A shared 60 gallon hot water tank services both units while the garage benefits from its own 100 amp electrical service. Central air conditioning services the upper unit and the alarm system currently operates within the garage area. A rare property combining residential flexibility, income potential and exceptional commercial grade garage space in a convenient and accessible location with endless possibilities! Never flooded.

Sold data

Multiplex homes in Ottawa — recent sold market

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.

Median days to sell
40
Median sale price
$884,450
Sale-to-list ratio
97.4%
Sold above asking
7%

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

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 78 RITCHIE STREET