$925,000
Ottawa
1991 Banff Avenue, Ottawa, Ontario, K1V7X6
This multi-family property in Ottawa is for sale offering roughly 2,750 sq ft of space. It has been on the market 22 days, fresher than the Ottawa average of 62 days.
Rare opportunity to own a side-by-side duplex in an exciting up-and-coming neighbourhood! Vacant side-by-side duplex, ready for multiple opportunities, use your imagination! Situated on a spacious lot in a centrally located area just minutes from the LRT, shopping, restaurants, schools and everyday amenities, this property offers exceptional flexibility for investors and owner-occupants alike. Each vacant unit features 3 generous bedrooms, 2 bathrooms, an attached private garage, ample driveway parking, and its own fully fenced backyard backing onto park space for added privacy. The utilities are all metered separately. With both units vacant, you have the rare advantage of setting your own rents from day one, renovating to maximize value, or moving into one side while generating income from the other. Inside, both homes offer welcoming front foyers with convenient closet space, main floor powder rooms, and spacious, functional living areas perfect for families or tenants. Patio doors lead directly to the private backyard oasis, creating an ideal indoor-outdoor lifestyle. Upstairs, each unit boasts an oversized primary bedroom with a comfortable sitting area and direct access to the full bathroom, while the second and third bedrooms are generously sized to accommodate double beds with ease. Surrounded by homes undergoing extensive renovations and new construction, this rapidly transforming neighbourhood continues to attract homeowners and investors alike, making this an outstanding opportunity to build long-term wealth in a location with tremendous upside. Whether you're looking to expand your investment portfolio, renovate for increased value, or enjoy the financial advantages of living in one unit while renting the other, this versatile property offers endless possibilities at exceptional value. Book your showing today! (id:66096)
Features and services as supplied by the listing brokerage.
Extended: 22 days on market, against an average age of 62 days across the listings currently for sale in this city
This 6-bed multi-family in Ottawa has been listed for 22 days, which is 40 days fresher than the city average of 62. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $925,000, about 9.9× the local median household income of $93,000.
Carrying it typically needs a household income of about $180,685 (20% down, 25-yr amortization, stress-tested) — roughly 94% above the area median.
Source: Statistics Canada, 2021 Census (FSA K1V)
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