Carlington - Central Park, ON K1Z 7Y5,1387/89 Raven AVE
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Carlington - Central Park, ON K1Z 7Y5,1387/89 Raven AVE
Carlington - Central Park, ON K1Z 7Y5,1387/89 Raven AVE
Carlington - Central Park, ON K1Z 7Y5,1387/89 Raven AVE
Carlington - Central Park, ON K1Z 7Y5,1387/89 Raven AVE

$1,120,000

Est. payment /mo

$1,150,000

2.6%
Est.Price: ?

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1387/89 Raven AVE Carlington - Central Park, ON K1Z 7Y5

8 Beds

4 Baths

SOLD DATE : 02/12/2025

Key Details

Sold Price $1,120,000

Property Type Multi-Family

Sub Type Multiplex

Listing Status Sold

Purchase Type For Sale

Subdivision 5301 - Carlington

MLS Listing ID X11249970

Sold Date 02/12/25

Style 2-Storey

Bedrooms 8

Annual Tax Amount $5,851

Tax Year 2024

Property Sub-Type Multiplex

Property Description

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.

Location

State ON

County Ottawa

Community 5301 - Carlington

Area Ottawa

Zoning R2H

Rooms

Family Room No

Basement Apartment

Kitchen 4

Separate Den/Office 2

Interior

Interior Features Separate Hydro Meter

Cooling None

Exterior

Parking Features Private Double

Pool None

Roof Type Asphalt Shingle

Lot Frontage 53.0

Lot Depth 98.0

Total Parking Spaces 4

Building

Foundation Poured Concrete

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Listed by KELLER WILLIAMS INTEGRITY REALTY
agent

Mathan Markandu

Broker | License ID: 9529057

+1(416) 888-5730

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