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115 Carruthers Avenue, Ottawa, ON 27 photos

$1,020,000

Active
115 Carruthers Avenue, Ottawa, ON· Mechanicsville
2146
Sq Ft
2460.84 Feet
Lot Size
3
Parking
Apartment
Style
Apts - 2 To 5 Units
Business Type

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

About Hintonburg

Arts & Culture · Avg $700K

Hintonburg is Ottawa's most creatively charged neighbourhood, a rapidly evolving community where artist studios, craft breweries, and independent businesses share space with heritage workers' cottages and modern condo developments. Located just east of Westboro along Wellington Street West, Hintonburg has undergone a remarkable transformation over the past decade, evolving from an underrated working-class neighbourhood into one of the city's most exciting places to live, eat, and create.

Avg Home Price$700K
Walk Score85
Galleries & Studios20+
LRT to Downtown8 min
View Full Hintonburg Guide

Features & Details

Property details of 115 Carruthers Avenue, Ottawa, ON

Property TypeInvestment
StyleApartment
Size2146 sq ft
Total Parking3

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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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