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:43934)

Property Details

MLS® Number	X11249970
Property Type	Multi-family
Community Name	5301 - Carlington
AmenitiesNearBy	Park, Public Transit, Schools, Hospital
EquipmentType	Water Heater - Electric
ParkingSpaceTotal	4
RentalEquipmentType	Water Heater - Electric
Structure	Shed

Building

BathroomTotal	4
BedroomsAboveGround	6
BedroomsBelowGround	2
BedroomsTotal	8
Amenities	Separate Electricity Meters
Appliances	Dishwasher, Dryer, Refrigerator, Stove, Washer
BasementFeatures	Apartment In Basement
BasementType	N/a
ExteriorFinish	Brick
FlooringType	Hardwood, Laminate, Ceramic
FoundationType	Poured Concrete
HeatingFuel	Natural Gas
HeatingType	Forced Air
StoriesTotal	2
Type	Other
UtilityWater	Municipal Water

Land

Acreage	No
LandAmenities	Park, Public Transit, Schools, Hospital
Sewer	Sanitary Sewer
SizeDepth	98 Ft
SizeFrontage	53 Ft
SizeIrregular	53 X 98 Ft
SizeTotalText	53 X 98 Ft
ZoningDescription	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