$1,090,000
Available - For Sale
Listing ID: X12760372
115 Carruthers Avenue , West Centre Town, K1Y 1N4, Ottawa
| 6.76% Cap rate** Inherit CASH FLOW with this Prime 5-Unit Investment Opportunity in Sought-After Hintonburg-Mechanicsville. 700m from the LRT (Tunney's Pasture station), 300m from the Government Tunney's Pasture complex! Easy to rent to good tenants, this multi-unit building is operated like a well-oiled machine, with keypads on each door and various renovations in each unit. Ideally located a few city blocks from Hintonburg's vibrant shops and restaurants, Tunney's Pasture, and the LRT, with close proximity to the Ottawa River pathways, Laroche Park, Civic Hospital, and the exciting future development at LeBreton Flats. The building offers a strong unit mix designed for tenant demand, consisting of one spacious 2-bedroom unit, two 1-bedroom units, and two bachelor suites, all fully rented. Four of the five units feature in-suite laundry, and the property has been well maintained with renovated interiors, attracting quality long-term tenants. Additional highlights include R4UD zoning, 2 owned hot water tanks, and rear parking for three vehicles accessed via a city-maintained laneway. A rare opportunity to acquire a high-performing, low-maintenance asset in a proven rental location with excellent transit access and long-term upside. See it before it's gone! **(cap rate doesn't incl maintenance and management expense) |
| Price | $1,090,000 |
| Taxes: | $6213.00 |
| Tax Type: | Annual |
| Occupancy: | Tenant |
| Address: | 115 Carruthers Avenue , West Centre Town, K1Y 1N4, Ottawa |
| Postal Code: | K1Y 1N4 |
| Province/State: | Ottawa |
| Legal Description: | PT LT 14, PL 35 , E CARRUTHERS AV, AS IN |
| Directions/Cross Streets: | Lyndale Ave., & Carruthers Ave. |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 0 | |
| Washroom Type 2 | 0 | |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 |
| Category: | Apartment |
| Use: | Apts - 2 To 5 Units |
| Building Percentage: | T |
| Total Area: | 2146.00 |
| Total Area Code: | Square Feet |
| Area Influences: | Public Transit Recreation/Comm |
| Washrooms: | 0 |
| Heat Type: | Gas Forced Air Open |
| Central Air Conditioning: | No |
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| RE/MAX HALLMARK REALTY GROUP |
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At a Glance:
| Type: | Com - Investment |
| Area: | Ottawa |
| Municipality: | West Centre Town |
| Neighbourhood: | 4201 - Mechanicsville |
| Tax: | $6,213 |
| Fireplace: | N |
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