Unknown for 1196 Rainbow St, Ottawa Ontario K1J 6X9
Re-listed 94 days ago

1196 Rainbow St, Ottawa, Ontario K1J 6X9

Other
-
3
~23917 sqft
$•••,•••
$3,099,000
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Other
-
3
~23917 sqft

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Highlights

Estimated ValueNot available

Price/Sqft$129/sqft

Est. Mortgage$13,309/mo

Tax Amount (2024)$8,577/yr

Days On Market94 days

Total Days On Market278 days


Description

This unique legal Triplex, currently being used by one family, sits on a large 200' x 120' corner lot in a sought-after light industrial zone ""IL2 H(14)"". The property offers incredible potential with approximately 1,500 sq. ft. of newly constructed covered storage areas, ideal for various commercial and residential uses. Inside, the well-maintained units feature 10 versatile rooms, each offering the possibility for conversion into separate office spaces or other functional layouts to suit your needs. The expansive yard, measuring 100' x 120', is perfect for a range of operations, including warehousing, manufacturing, light assembly, research and development, offices, and select retail ventures. Benefit from unbeatable accessibility with quick access to Highway 417 via the Montreal Road exit and local transit just steps away. Ideally situated at the corner of Canotek Road and Rainbow Street, this property is surrounded by a variety of amenities and businesses, making it an excellent location for both residential and commercial uses. This is a rare opportunity to invest in a property that combines space, flexibility, and unmatched location. Don't miss out!


Property Details

StyleMulti-Unit
View-
Age of property-
SqFt~23917 SqFt
Lot Size24,000 SqFt(120 x 200)
Parking Spaces6
MLS ®NumberX11951901
Community NameRothwell Heights - Beacon Hill North
Data SourceTRREB
Listing byRIGHT AT HOME REALTY

Features

Heating: Gas Forced Air Closd
Cooling: Y
Basement: Y

Features

Lot size: 24,000 SqFt

Parking

Garage spaces -

Garage type -

Total parking spaces 6


Property History

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Price changeActive
$•••,•••
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Re-listed
$•••,•••
94 days on market
history photo preview25
Listing by trreb®
Property listed by RIGHT AT HOME REALTY, Brokerage

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Market Data - Rothwell Heights - Beacon Hill North

Geo Zone Map ThumbnailRothwell Heights - Beacon Hill North

Seller's Market

View Market Data

Other - for the past 30 days

Buyer's market Seller's market

Avg. Days on Market

Past 30 days

17 days

Compared to

2024

25 days

2023

29 days

2022

7 days

New Listings

Past 30 days

17 listings

Compared to

2024

20 listings

2023

13 listings

2022

21 listings

Units sold

Past 30 days

16 units

Compared to

2024

15 units

2023

16 units

2022

15 units

Median Sold Price

Past 30 days

$579,500

Compared to

2024

$660,000

2023

$620,000

2022

$550,000


Population and Demographics

Overview

Total population 9111
Average household income $159,644

Age (%)

65 and plus
25%
0 to 19
23%
50 to 64
21%
35 to 49
18%
20 to 34
14%

Household composition (%)

Single family
73%
Single person
23%
Multi person
4%
Multi family
0%

Mother tongue (%)

English
59%
French
22%
Others
5%
Arabic
4%
English and French
3%
Spanish
2%
Mandarin
2%

House tenancy (%)

Owners
82%
Renters
18%

Schools and amenities

Estimated Budget