1387/89 Raven Avenue Ottawa, Ontario K1Z 7Y5
$1,150,000
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:37553)
Property Details
| MLS® Number | X11249970 |
| Property Type | Multi-family |
| Community Name | 5301 - Carlington |
| Amenities Near By | Park, Public Transit, Schools, Hospital |
| Equipment Type | Water Heater - Electric |
| Parking Space Total | 4 |
| Rental Equipment Type | Water Heater - Electric |
| Structure | Shed |
Building
| Bathroom Total | 4 |
| Bedrooms Above Ground | 6 |
| Bedrooms Below Ground | 2 |
| Bedrooms Total | 8 |
| Amenities | Separate Electricity Meters |
| Appliances | Dishwasher, Dryer, Refrigerator, Stove, Washer |
| Basement Features | Apartment In Basement |
| Basement Type | N/a |
| Exterior Finish | Brick |
| Flooring Type | Hardwood, Laminate, Ceramic |
| Foundation Type | Poured Concrete |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Stories Total | 2 |
| Type | Other |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Land Amenities | Park, Public Transit, Schools, Hospital |
| Sewer | Sanitary Sewer |
| Size Depth | 98 Ft |
| Size Frontage | 53 Ft |
| Size Irregular | 53 X 98 Ft |
| Size Total Text | 53 X 98 Ft |
| Zoning Description | R2h |
Rooms
| Level | Type | Length | Width | Dimensions |
|---|---|---|---|---|
| Second Level | Primary Bedroom | 4.89 m | 3.16 m | 4.89 m x 3.16 m |
| Second Level | Bedroom 2 | 4.73 m | 3.16 m | 4.73 m x 3.16 m |
| Second Level | Bedroom 3 | 3.04 m | 2.42 m | 3.04 m x 2.42 m |
| Second Level | Bathroom | 2.74 m | 1.77 m | 2.74 m x 1.77 m |
| Basement | Bathroom | 2.69 m | 2.18 m | 2.69 m x 2.18 m |
| Basement | Laundry Room | 1.52 m | 0.91 m | 1.52 m x 0.91 m |
| Basement | Living Room | 4.75 m | 2.26 m | 4.75 m x 2.26 m |
| Basement | Kitchen | 3.05 m | 2.34 m | 3.05 m x 2.34 m |
| Basement | Primary Bedroom | 3.48 m | 2.44 m | 3.48 m x 2.44 m |
| Main Level | Living Room | 6.88 m | 4.05 m | 6.88 m x 4.05 m |
| Main Level | Dining Room | 4.15 m | 2.57 m | 4.15 m x 2.57 m |
| Main Level | Kitchen | 4.15 m | 2.46 m | 4.15 m x 2.46 m |
Utilities
| Cable | Available |
| Sewer | Installed |
https://www.realtor.ca/real-estate/27689752/138789-raven-avenue-ottawa-5301-carlington
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November 27 2024 10:01:40
Ottawa Real Estate Board
Keller Williams Integrity Realty