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1031 Carling Av 3 Unit Apartment Building $716,671 USD ($238,890 USD/Unit) 4.87% Cap Rate Ottawa, ON K1Y 4E8
INVESTMENT HIGHLIGHTS
- Zoned R4, allowing for low-rise apartment buildings and moderate-density residential development.
- Ideal for infill projects in established urban neighborhoods.
- Located near key amenities and public transit, boosting development appeal.
- Permits a mix of townhouses, semi-detached, and stacked dwellings.
- Supports multi-unit housing, addressing Ottawa's growing housing demand.
- Offers flexibility for residential redevelopment within a central Ottawa location.
EXECUTIVE SUMMARY
Exceptional Investment Opportunity Fully Renovated Century Home with 3 Legal UnitsT his beautifully retrofitted Century home seamlessly blends historic charm with modern upgrades, offering a rare opportunity to own a fully renovated, code-compliant multi-unit property. Featuring over $300,000 in high-quality renovations, this unique residence includes:A 1-bedroom basement apartment A main-floor 1-bedroom apartment A spacious 2-bedroom upper-level apartment with a loft-style family room Each unit is self-contained with in-unit laundry, and all renovations were thoughtfully completed to preserve the homes original architectural character.Additional features include:Mixed flooring with hardwood and laminate throughout. Upgraded 200 AMP electrical service. All plumbing and piping replaced. A newly added powder room in the main-floor apartment New kitchen and laundry room in the upper-level unitOne garage space plus a second exterior parking spot on the newly expanded and paved driveway. The exterior is equally impressive with:Fresh exterior paint and new stairs to the second-floor apartment. A full retaining wall system at the front and side of the home A newly interlocked walkway leading to both the main and basement entrances. Professionally landscaped front yard with new sod and custom flower beds. This turnkey property is ideal for investors or multi-generational living, combining modern amenities, structural upgrades, and timeless character in a prime location.
PROPERTY FACTS
| Price | $716,671 USD | Building Class | B |
| Price Per Unit | $238,890 USD | Lot Size | 0.07 AC |
| Sale Type | Investment | Building Size | 1,800 SF |
| Cap Rate | 4.87% | Average Occupancy | 100% |
| No. Units | 3 | No. Stories | 4 |
| Property Type | Multifamily | Year Built/Renovated | 1940/2022 |
| Property Subtype | Apartment | Parking Ratio | 1.11/1,000 SF |
| Apartment Style | Garden | ||
| Zoning | R4 - Residential | ||
| Price | $716,671 USD |
| Price Per Unit | $238,890 USD |
| Sale Type | Investment |
| Cap Rate | 4.87% |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 0.07 AC |
| Building Size | 1,800 SF |
| Average Occupancy | 100% |
| No. Stories | 4 |
| Year Built/Renovated | 1940/2022 |
| Parking Ratio | 1.11/1,000 SF |
| Zoning | R4 - Residential |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Dishwasher
- Fireplace
- Storage Space
- Washer/Dryer
- Refrigerator
- Oven
- Deck
- Smoke Free
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 2 | - | - |
| 2+1 | 1 | - | - |
1 1
Walk Score®
Very Walkable (78)
Bike Score®
Biker's Paradise (92)
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1031 Carling Av
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