Mirna Botros

613-600-2626

115 Carruthers Avenue - $1,020,000

115 Carruthers Avenue

$1,020,000

4201 - Mechanicsville

Ottawa, OntarioK1Y1N4

0 beds

0 baths

3 parking

MLS#: X12868812Listed: 3 days agoUpdated:3 days ago

Description

Upgrade to a 5-unit building with stronger cash flow and lower vacancy risk than a triplex or single unit building, while paying a comparable price point. This fully-rented 5-plex generates $98,700 in gross annual income and is located just 700m from Tunney's Pasture LRT Station and 300m from the Government Tunney's Pasture complex, providing a consistent tenant base. The property operates efficiently with keypad entry systems on each unit and multiple interior renovations, making it straightforward to manage and attractive to tenants. The unit mix supports steady demand and includes one 2-bedroom unit, two 1-bedroom units, and two bachelor suites, all currently rented. Four of the five units include in-suite laundry. Located a few blocks from Hintonburg's shops and restaurants, the building also offers close proximity to the Ottawa River pathways, Laroche Park, the Civic Hospital, and the future redevelopment at LeBreton Flats, contributing to long-term rental demand.Additional features include R4UD zoning, two owned hot water tanks, and rear parking for three vehicles accessed by a city-maintained laneway. A well-maintained multi-unit asset in a transit-oriented location with stable income and long-term growth potential. Note - 4 of the five units have in-suite laundry. All appliances, 2 hot water tanks, and a list of furniture is included in the sale price! *Email to get the finanical spreadsheet* (id:58075)

Details

Details for 115 Carruthers Avenue, Ottawa, Ontario

Property Type: Multi Family
Building Type: Multi Family
Storeys: -
Neighborhood: 4201 - Mechanicsville
Land Size: Bldg=25.08 x 98.12 FT
Year Built: -
Annual Property Taxes: $6,213
Parking Type: -

Inside

Appliances: Washer, Microwave, Water Heater
Rooms: -
Bedrooms: -
Bathrooms: 0
Fireplace: -
Fireplace Total: -
Basement: -

Building

Architecture Style: -
Direction: Cross Streets: Lyndale Ave., & Carruthers Ave. ** Directions: Scott St TO Carruthers Ave.
Type of Dwelling: multi_family
Roof: -
Exterior: -
Foundation: -
Flooring: -