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*
Address
115 Carruthers Avenue
List Price
$1,020,000
MLS® Status
New
Expiration Date
2026-06-10
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
X12868812
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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