Sale
9 hours on website
$4,415,000
Apartment
238 CARRUTHERS AVENUE
Ottawa, 4202 - Hintonburg K1Y1N9
No obligation In-Person or Video Chat Tour
Beds · 0
Baths · 0.0
Sqft · 6028
Description
Excellent opportunity to acquire a purpose-built multi-residential property in one of Ottawas most desirable urban neighbourhoods. 238 Carruthers Avenue features 10 fully furnished, all-inclusive units with 21 total bedrooms, supported by modern security systems including cameras, intercom, and digi...tal locks. Each unit is separately metered for hydro, providing efficiency and reduced operating costs. The property generates annual revenue of $313,786 and a Net Operating Income of $220,557, giving a strong 5.0% cap rate. The location offers an unbeatable lifestyle for tenants, with a 98 Walk Score, 83 Transit Score, and 99 Bike Score. Residents are just steps from Wellington Street West with its wide array of shops, restaurants, cafés, and everyday conveniences, while also being minutes from downtown, the Ottawa River pathways, and LeBreton Flats. Additional income is provided through on-site parking and laundry, further strengthening the properties return profile. With stable cash flow, modern upgrades, and a proven rental model, 238 Carruthers presents a rare opportunity to secure a turnkey, purpose-built investment property in a high-demand location with long-term appreciation potential (id:10452)
General
Type
Apartment
Style
Multi-Family
Year Built
-
Square Footage
6028 sqft
Taxes
-
Maintenance Fee
-
Est. mortgage
$16,749/mo
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Ahmad Nawaz
Sales Representative
Email: [email protected]
Phone: 613-539-1458
Listing courtesy of:
SLEEPWELL REALTY GROUP LTD
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