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)
Address
115 Carruthers Avenue
List Price
$1,090,000
MLS® Status
Price Change
Expiration Date
2026-04-06
Property Type
Commercial
Type of Dwelling
Investment
Transaction Type
Sale
Area
West Centre Town
Sub-Area
4201 - Mechanicsville
Region
Ottawa
Lot Size Source
MPAC
Lot Depth
98.12
Lot Shape
Rectangular
Lot Type
Building
Lot Size Units
Feet
Lot Width
25.08
Parcel Number
040960164
Total Building Area
2146
Occupant Type
Tenant
Cross Street
Lyndale Ave., & Carruthers Ave.
MLS® Number
X12760372
Listing Brokerage
RE/MAX HALLMARK REALTY GROUP
Basement
Yes
Postal Code
K1Y 1N4
Posession Details
flexible
Parking Spaces
3
Tax Amount
$6,213.00
Tax Year
2025
Site Influences
Public Transit, Recreation/Community Centre
Community Features
Public Transit, Recreation/Community Centre
Standard Status
Active
Board Or Association
Ottawa Real Estate Board
Heat Type
Gas Forced Air Open
Cooling Features
No
Garage Type
None
Tax Legal Description
PT LT 14, PL 35 , E CARRUTHERS AV, AS IN N693029; S/T & T/W ROW AS IN N693029 ; OTTAWA/NEPEAN
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