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:4069)
Address
1387/89 RAVEN AVENUE
List Price
$1,150,000
Property Type
Multi-family
Type of Dwelling
Other
Area
Ontario
Sub-Area
Ottawa
Bedrooms
8
Bathrooms
4
Lot Size
53 x 98 FT Sq. Ft.
MLS® Number
X11249970
Listing Brokerage
KELLER WILLIAMS INTEGRITY REALTY
Basement Area
N/A
Postal Code
K1Z7Y5
Zoning
R2H
Site Influences
Park, Public Transit, Schools, Hospital
Amenities
Separate Electricity Meters
