Ottawa Realtor Michele Xu

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1387/89 RAVEN AVENUE

Ottawa, Ontario K1Z7Y5

$1,150,000 for sale

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MLS®:
X11249970
Contract Days:
24
Community:
Ownership:
Property Type:
R2H Other
Total Size:
53 x 98 FT
Built Date:
Parking:
4
Bedrooms:
6+2
Bathrooms:
4
Interior Features
Construction Style:
Total Stories:
2
Total Bedrooms:
8
Bedrooms Above Ground:
6
Bedrooms Below Ground:
2
Total Bathrooms:
4
Whole Bathrooms:
4
Half Bathrooms:
Basement Type:
N/A
Basement Development:
Appliances:
Dishwasher, Dryer, Refrigerator, Stove, Washer
Exterior Features
Built Date:
Exterior Finish:
Brick
Foundation Type:
Poured Concrete
Utitilies
Heating Type:
Forced air
Heating Fuel:
Natural gas
Cooling Type:
Utility Water:
Municipal water
Sewer:
Sanitary sewer
Total Fireplaces:
Type
Level
Size
Kitchen
Main level
4.15 m x 2.46 m
Dining room
Main level
4.15 m x 2.57 m
Living room
Main level
6.88 m x 4.05 m
Primary Bedroom
Basement
3.48 m x 2.44 m
Kitchen
Basement
3.05 m x 2.34 m
Living room
Basement
4.75 m x 2.26 m
Laundry room
Basement
1.52 m x 0.91 m
Bathroom
Basement
2.69 m x 2.18 m
Bathroom
Second level
2.74 m x 1.77 m
Bedroom 3
Second level
3.04 m x 2.42 m
Bedroom 2
Second level
4.73 m x 3.16 m
Primary Bedroom
Second level
4.89 m x 3.16 m

Note

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:19004)

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