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$ 4,415,000
Est. payment /mo
New
238 CARRUTHERS AVENUE Ottawa, ON K1Y1N9
6,028 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 6,028 sqft
Price per Sqft $732
Subdivision 4202 - Hintonburg
MLS® Listing ID X12401668
Source Ottawa Real Estate Board
Property 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 digital 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:24570)
Location
State ON
Rooms
Kitchen 0.0
Interior
Heating Hot water radiator heat
Cooling Fully air conditioned
Exterior
Parking Features No
View Y/N No
Total Parking Spaces 4
Private Pool No
Others
Virtual Tour https://my.matterport.com/show/?m=t8kHbu8ZoMQ&mls=1
Listed by SLEEPWELL REALTY GROUP LTD
