898 WATSON AVENUE, Ottawa

$899,900

For sale: Multiplex

Multiplex at 898 WATSON AVENUE, Ottawa
Property type
Duplex
Bedrooms / bathrooms
7 bedrooms, 3 bathrooms
Living area
3,000 sqft
MLS®
MLS® X13645972
Neighbourhood
6202 - Fairfield Heights

Turnkey triplex investment opportunity consisting of a legal duplex with an additional secondary dwelling unit in desirable Fairfield Heights/ Britannia. Strong reliable tenant profile with lots of upside potential, meticulously maintained with over 25 years of pride of ownership. The property features two spacious 3-bedroom units and one 1-bedroom unit, offering an excellent unit mix for stable rental income. Units have been updated over time, with new doors & windows, electrical panels and fully renovated bathroom. Updated kitchens with dishwasher & OTR Microwave. Tenants are reliable and pay on time, with separately metered hydro & gas paid by tenants of upper units, coin operative laundry machines. Recent improvements include two Rheem gas forced-air furnaces (2018 & 2020) and efficient Rinnai Tankless water heater. Ideal for investors seeking a well-maintained, low-maintenance asset or owner-occupants looking to live in one unit while offsetting expenses with rental income. Prime west end location close to Bayshore shopping Centre, Lincoln Heights, Carlingwood Mall, Britannia Beach, steps to transit, new LRT Station and quick easy access to the Queensway.

Sold data

Homes in Ottawa — recent sold market

Homes in Ottawa took a median of 26 days to sell over the last 90 days, with the quickest quarter selling within 14 days and the slowest quarter taking more than 50, across 2,342 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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 45 days.

The median sale price was $649,000.

Homes sold for about 2.1% below asking on average, so there was room to negotiate.

About 11% of sales closed above the list price.

Around 22% of sellers reduced their price before finding a buyer.

Median days to sell
26
Median sale price
$649,000
Sale-to-list ratio
97.9%
Sold above asking
11%

Based on 2,342 recorded sales in the last 90 days. 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 898 WATSON AVENUE