1240 Carling Avenue

ActiveCarlington - Central Park · 5304 - Central Park21 days on marketMLS® X13573008

$949,900

$633 / sq ft

Bedrooms0

Bathrooms0

Interior1,500 sq ft

TypeLand

ListingFor Sale

Days on Market21

About this property

Shovel-ready purpose-built rental development opportunity in one of Ottawa's most desirable urban corridors.1240 Carling Avenue presents a rare opportunity to acquire a fully approved 18-unit apartment development with the key municipal approvals already secured. The demolition permit has been issued, and the building permit has been approved, with issuance pending only the payment of educational development fees. No other municipal approvals or fees remain prior to commencing construction. Designed with construction efficiency in mind, the project has been thoughtfully engineered to minimize unnecessary construction costs while maximizing energy efficiency, buildability and developer margin. Skip years of planning, approvals and consultant coordination and move directly toward construction. Situated along Carling Avenue, the property enjoys exceptional connectivity to Highway 417 and Ottawa's major arterial road network, offering convenient access across the city. The site is within walking distance of The Ottawa Hospital Civic Campus, public transit, shopping, restaurants, parks and everyday amenities, and is surrounded by major employment centres that continue to support strong rental demand. Its central location, excellent accessibility and proximity to significant employment make it an ideal setting for a purpose-built rental investment. A comprehensive due diligence package, including plans, approvals, studies and supporting documentation for CMHC MLI Select financing, is available upon request. An exceptional opportunity for developers and investors seeking a construction-ready project in one of Ottawa's strongest rental markets.

Features & finishes

View

Air Conditioning

Basement

Property details

MLS® Number	X13573008
Status	Active
Listing Type	For Sale
Property Type	Land
Interior Size	1,500 sq ft
Beds / Baths	0 bed · 0 bath
Neighbourhood	5304 - Central Park
City	Carlington - Central Park
Postal Code	K1Z 7K7
Province	ON
Listed Date	July 16, 2026
Days on Market	21
Price per Sq Ft	$633
Brokerage	EXP REALTY