ON
Ottawa
K1Y1N4
115 Carruthers Avenue
115 Carruthers Avenue, Ottawa, ON K1Y1N4
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Listing Type
Multi Family
Listing Status
Active
38
$1,090,000

Home Details for 115 Carruthers Avenue

Price
$1,090,000
Type
Residential Income
Bedrooms
0
Bathrooms
Square feet
NaN
Parking
Days on site
21
Listing #
X12760372
Property Description

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) (id:31684)

Property Features
  • Heating Information
    • Forced Air
    • Natural Gas
  • Cooling Information
    • None
Listing Courtesy: RE/MAX HALLMARK REALTY GROUP
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EXIT RESULTS REALTY, BROKERAGE
645 Edwards Street, Rockland, ON K4K 1L4
Paul Dion
License #: 5030680
Sales Representative
Office
613 446 2600
Agent
613 293 3337
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