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$768,900
Ottawa
57 Spadina Avenue, Ottawa, Ontario, K1Y2B8
This multi-family property in Ottawa is for sale offering roughly 1,750 sq ft of space. It has been on the market 56 days, fresher than the Ottawa average of 63 days.
Located in the heart of Ottawa's vibrant West Centretown/Hintonburg area, 57 Spadina Avenue offers an incredible investment opportunity in one of the city's most sought-after rental pockets. This duplex features two 1-bedroom apartments, currently vacant - ideal for owner occupancy, setting your own rent, or completing updates before leasing. This property offers strong income potential and plenty of upside for investors, or handy buyers looking to add value. R4H Zoning, with parking in the 2 car detached garage in the rear of the property. While the building could benefit from some updating and TLC, the unbeatable location makes this an opportunity you won't want to miss. You will love being steps to Wellington Street West, trendy cafés, restaurants, local shops, grocery stores, parks, and everyday amenities. Walking distance to Tunney's Pasture, the LRT, major transit routes, bike paths, and just minutes to downtown, Little Italy, and Civic Hospital. A fantastic chance to invest in a thriving urban neighbourhood with continued growth and demand. Great potential, exceptional location, and endless possibilities at 57 Spadina Avenue. (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: 56 days on market, against an average age of 63 days across the listings currently for sale in this city
This 2-bed multi-family in Ottawa has been listed for 56 days, which is 7 days fresher than the city average of 63. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $768,900, about 7.8× the local median household income of $99,000.
Carrying it typically needs a household income of about $150,193 (20% down, 25-yr amortization, stress-tested) — roughly 52% above the area median.
Source: Statistics Canada, 2021 Census (FSA K1Y)
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Loading rates, 30-yr amortization
Cash Needed to Close
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