1387/89 RAVEN AVENUE, Ottawa, Ontario, K1Z 7Y5

$1,150,000

MLS® # X11249970

Investment For Sale In Carlington, Ottawa, Ontario

$1,150,000

Property Information:

Prime investment opportunity in the heart of Carlington with easy access to amenities. This exceptional 4-unit multiplex has been renovated and offers great income potential. Projected annual rental income exceeding $103k as of May 2025. The four units are comprised of two expansive 3-bedroom units on main and upper floors (1387A and 1389A) and two 1-bedroom basement units (1387B and 1387B) with their own separate entrance. Currently, the building hosts a great tenant-base. Basement units are each rented at $1800 per month (both leases end Dec 31, month to month to follow), one upper unit is vacant (1389A) and the other upper unit is rented at $2200 per month (1387A), those tenants leaving at the end of April 2025. Both upstairs units could rent for $2500 each. Each unit has its own laundry. Potential for buyer to occupy one of the upper 3-bedroom units. This investment property is perfect for first-time investors looking to enter the market or seasoned investors adding to their portfolio. Power of sale provisions apply therefore property being sold As Is. 48 hours irrevocable on offers. (id:27)

Building Features:

  • Style: Multiplex
  • Building Type: Other
  • Amenities: Separate Hydro Meters
  • Basement Type: N/A
  • Exterior Finish: Brick
  • Flooring Type: Hardwood, Laminate, Ceramic
  • Foundation Type: Poured Concrete
  • Heating Type: Forced air
  • Heating Fuel: Natural gas
  • Appliances: Dishwasher, Dryer, Refrigerator, Stove, Washer

Property Features:

  • Property Type: Multi-family
  • Bedrooms: 6+2
  • Bathrooms: 4
  • Amenities Nearby: Park, Public Transit, Schools, Hospital
  • Irregular: Yes
  • Lot Depth: 98.0 Feet
  • Lot Frontage: 53.0 Feet
  • Lot Size: 53 x 98 FT
  • Structure Type: Shed
  • Utility Type: Sewer - Installed, Cable - Available
  • Zoning: R2H
  • Sewer: Sanitary sewer
  • No. of Parking Spaces: 4

Rooms:

  • Primary Bedroom 2nd Level 4.89 m x 3.16 m
  • 2nd Bedroom 2nd Level 4.73 m x 3.16 m
  • 3rd Bedroom 2nd Level 3.04 m x 2.42 m
  • Bathroom 2nd Level 2.74 m x 1.77 m
  • Bathroom Basement Level 2.69 m x 2.18 m
  • Laundry Basement Level 1.52 m x 0.91 m
  • Living Basement Level 4.75 m x 2.26 m
  • Kitchen Basement Level 3.05 m x 2.34 m
  • Primary Bedroom Basement Level 3.48 m x 2.44 m
  • Living Main Level 6.88 m x 4.05 m
  • Dining Main Level 4.15 m x 2.57 m
  • Kitchen Main Level 4.15 m x 2.46 m

Courtesy of: KELLER WILLIAMS INTEGRITY REALTY

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This listing content provided by REALTOR.ca has been licensed by REALTOR® members of The Canadian Real Estate Association.

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