Mirna Botros
613-600-2626238 Carruthers Avenue - $4,415,000
238 Carruthers Avenue - $4,415,000
238 Carruthers Avenue
$4,415,000
4202 - Hintonburg
Ottawa, OntarioK1Y1N9
0 beds
0 baths
4 parking
MLS#: X12401668Listed: 1 day agoUpdated:about 17 hours ago
Description
Excellent opportunity to acquire a purpose-built multi-residential property in one of Ottawas most desirable urban neighbourhoods. 238 Carruthers Avenue features 10 fully furnished, all-inclusive units with 21 total bedrooms, supported by modern security systems including cameras, intercom, and digital locks. Each unit is separately metered for hydro, providing efficiency and reduced operating costs. The property generates annual revenue of $313,786 and a Net Operating Income of $220,557, giving a strong 5.0% cap rate. The location offers an unbeatable lifestyle for tenants, with a 98 Walk Score, 83 Transit Score, and 99 Bike Score. Residents are just steps from Wellington Street West with its wide array of shops, restaurants, cafés, and everyday conveniences, while also being minutes from downtown, the Ottawa River pathways, and LeBreton Flats. Additional income is provided through on-site parking and laundry, further strengthening the properties return profile. With stable cash flow, modern upgrades, and a proven rental model, 238 Carruthers presents a rare opportunity to secure a turnkey, purpose-built investment property in a high-demand location with long-term appreciation potential (id:58075)Details
Details for 238 Carruthers Avenue, Ottawa, Ontario- Property Type
- Multi Family
- Building Type
- Multi Family
- Storeys
- -
- Neighborhood
- 4202 - Hintonburg
- Land Size
- Bldg=66 x 91.5 FT
- Year Built
- -
- Annual Property Taxes
- $26,426
- Parking Type
- -
Inside
- Appliances
- -
- Rooms
- -
- Bedrooms
- -
- Bathrooms
- 0
- Fireplace
- -
- Fireplace Total
- -
- Basement
- -
Building
- Architecture Style
- -
- Direction
- Carruthers & Ladouceur
- Type of Dwelling
- multi_family
- Roof
- -
- Exterior
- -
- Foundation
- -
- Flooring
- -
Land
- Sewer
- -
- Lot Size
- Bldg=66 x 91.5 FT
- Zoning
- -
- Zoning Description
- R4H
Parking
- Features
- -
- Total Parking
- 4
Utilities
- Cooling
- Fully air conditioned
- Heating
- Hot water radiator heat, Natural gas
- Water
- Municipal water
Feature Highlights
- Community
- -
- Lot Features
- -
- Security
- -
- Pool
- -
- Waterfront
- -
Rooms
Rooms for 238 Carruthers Avenue, Ottawa, OntarioMap
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