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115 Carruthers Avenue, Ottawa, ON 27 photos

$1,020,000

Active
115 Carruthers Avenue, Ottawa, ON· Mechanicsville
2146
Sq Ft
3 (None)
Parking

About this Property

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*

Listed by RE/MAX HALLMARK REALTY GROUP · MLS# X12868812

Features & Details

Property details of 115 Carruthers Avenue, Ottawa, ON

Property TypeInvestment
StyleApartment
Size2146 sq ft
Total Parking3

Mortgage Calculator

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Mortgage Payment$5,011/monthly
Principal Amount$816,000
Interest$687,286
Total Payable$1,503,286
Amortization25 years

* Estimate only. Consult a mortgage broker for accurate figures.

Cash Flow Analysis

Mortgage payment$5,011
Mortgage + Expenses$5,011
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$
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Monthly Cash Flow-$5,011

* Estimate only. Consult a mortgage broker for accurate figures.

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Akash Sharma

Akash Sharma

REALTOR® · Ali Realty Group Inc.

Ottawa's trusted real estate partner with 170+ successful transactions and $30M+ in sales.

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