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$669,900
Ottawa
32 Melrose Avenue, Ottawa, Ontario, K1Y1T9
This multi-family property in Ottawa is for sale offering roughly 1,300 sq ft of space. It has been on the market 48 days, fresher than the Ottawa average of 62 days.
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. (id:66096)
Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.
Features and services as supplied by the listing brokerage.
Long Listed: 48 days on market, against an average age of 62 days across the listings currently for sale in this city
This 3-bed multi-family in Ottawa has been listed for 48 days, which is 14 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 $669,900, about 6.8× the local median household income of $99,000.
Carrying it typically needs a household income of about $130,855 (20% down, 25-yr amortization, stress-tested) — roughly 32% above the area median.
Source: Statistics Canada, 2021 Census (FSA K1Y)
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Loading rates, 30-yr amortization
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