115 CARRUTHERS AVENUE, Ottawa, Ontario, K1Y1N4

Property Description

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* (id:64974)

Quick Facts

• Property Type: Multi-Family
• Bedrooms: None
• Bathrooms: None
• Living Area: 2,146 sq ft (199.4 m²)
• Attached: Yes
• Parking: 3 spaces
• Frontage: 25 ft (7.6 m)

Costs

• Annual Taxes: $6,213.00

Listing Provided by: RE/MAX HALLMARK REALTY GROUP
Board: Ottawa Real Estate Board
Data provided via CREA DDF®.