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$1,584,000
Ottawa
121 Carruthers Avenue, Ottawa, Ontario, K1Y1N4
This multi-family property in Ottawa is for sale offering roughly 2,250 sq ft of space.
Updated triplex in the sought-after neighbourhood of Mechanicsville/Hintonburg. Strong income with significant capital improvements already completed. Ideally located near Tunney's Pasture and within walking distance of the O-Train, Ottawa River Parkway bike path, Westboro Beach, coffee shops, restaurants, parks, and amenities on Wellington Street. Net Income $72,968. Unit 1 ($3300/month) is a two-storey unit offering 3 bedrooms and 2.5 bathrooms. Unit 2 ($2550/month) features 2 bedrooms and 1 bathroom. Unit 3 ($2000/month) is a studio unit. The rear parking area accommodates 3 vehicles. Each unit enjoys a private entrance and dedicated outdoor space. Contact for the full investment package, including income, expenses, inclusions, and capital improvement details. (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 76 days on market, against an average age of 62 days across the listings currently for sale in this city
This 6-bed multi-family in Ottawa is available now. Want me to connect you with the agent or keep you posted on any price updates?
Approximate location — exact address confirmed upon showing
This home lists at $1,584,000, about 16.0× the local median household income of $99,000.
Carrying it typically needs a household income of about $309,411 (20% down, 25-yr amortization, stress-tested) — roughly 213% above the area median.
Source: Statistics Canada, 2021 Census (FSA K1Y)
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Loading rates, 30-yr amortization
Cash Needed to Close
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