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1387/89 Raven Avenue Ottawa, Ontario K1Z 7Y5

8 Bedroom 4 Bathroom
Forced Air

$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:48755)

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 Dimensions
Second Level Primary Bedroom 4.89 m x 3.16 m
Second Level Bedroom 2 4.73 m x 3.16 m
Second Level Bedroom 3 3.04 m x 2.42 m
Second Level Bathroom 2.74 m x 1.77 m
Basement Bathroom 2.69 m x 2.18 m
Basement Laundry Room 1.52 m x 0.91 m
Basement Living Room 4.75 m x 2.26 m
Basement Kitchen 3.05 m x 2.34 m
Basement Primary Bedroom 3.48 m x 2.44 m
Main Level Living Room 6.88 m x 4.05 m
Main Level Dining Room 4.15 m x 2.57 m
Main Level Kitchen 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

Interested?

Contact us for more information


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Phil Labbe
Salesperson

(613) 316-3707
www.phillabbe.com/
www.facebook.com/phillabberealtor/

Keller Williams Integrity Realty
2148 Carling Ave., Units 5 & 6
Ottawa, Ontario K2A 1H1

(613) 829-1818

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