115 Carruthers Avenue

ActiveWest Centre Town149 days on marketMLS® X12868812
$1,020,000
$475 / sq ft
Bedrooms0
Bathrooms0
Interior2,146 sq ft
Lot Size2,461 sq ft
TypeCommercial
ListingFor Sale
Days on Market149

About this property

Upgrade to a 5-unit building with stronger cash flow and lower vacancy risk than a triplex or single unit building, while paying a comparable price point. This fully-rented 5-plex generates $98,700 in gross annual income and is located just 700m from Tunney's Pasture LRT Station and 300m from the Government Tunney's Pasture complex, providing a consistent tenant base. The property operates efficiently with keypad entry systems on each unit and multiple interior renovations, making it straightforward to manage and attractive to tenants. The unit mix supports steady demand and includes one 2-bedroom unit, two 1-bedroom units, and two bachelor suites, all currently rented. Four of the five units include in-suite laundry. Located a few blocks from Hintonburg's shops and restaurants, the building also offers close proximity to the Ottawa River pathways, Laroche Park, the Civic Hospital, and the future redevelopment at LeBreton Flats, contributing to long-term rental demand.Additional features include R4UD zoning, two owned hot water tanks, and rear parking for three vehicles accessed by a city-maintained laneway. A well-maintained multi-unit asset in a transit-oriented location with stable income and long-term growth potential. Note - 4 of the five units have in-suite laundry. All appliances, 2 hot water tanks, and a list of furniture is included in the sale price! *Email to get the finanical spreadsheet*

Features & finishes

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Air Conditioning
Basement

Property details

MLS® NumberX12868812
StatusActive
Listing TypeFor Sale
Property TypeCommercial
Interior Size2,146 sq ft
Lot Size2,461 sq ft
Beds / Baths0 bed · 0 bath
CityWest Centre Town
Postal CodeK1Y 1N4
ProvinceON
Listed DateMarch 10, 2026
Days on Market149
Price per Sq Ft$475
BrokerageRE/MAX HALLMARK REALTY GROUP

Location

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Listed by RE/MAX HALLMARK REALTY GROUP