978 Admiral Avenue Ottawa, Ontario K1Z 6L9

2 Bedroom 2 Bathroom 700 - 1,100 sqft
None Baseboard Heaters

$599,900

Fully rented and generating immediate cash flow, this turnkey investment property features two self contained 1 bedroom, 1 bathroom units, with Unit A rented for $1,950/month and Unit B rented for $1,800/month, providing stable income from day one. Beautifully renovated and meticulously maintained, this versatile property offers exceptional value and long term potential in one of Ottawa's most connected and sought after neighborhoods. Designed to appeal to today's tenants, both units have been thoughtfully updated, minimizing future maintenance and maximizing rental appeal. Beyond the current income stream, new zoning bylaws may present future development opportunities, making this not only a strong cash flowing asset but also a strategic long term investment. Professionals and healthcare workers are consistently drawn to the unbeatable location, just steps from the Civic Hospital and the iconic Experimental Farm. Commuting is effortless with quick access to Highway 417, while nearby cycling paths and green spaces support an active urban lifestyle. On weekends, tenants can enjoy the vibrant cafés, restaurants, and amenities of Little Italy or spend time along the scenic shores of Dows Lake. Low maintenance, fully tenanted, and positioned in a thriving urban corridor, this is a rare opportunity to acquire a high performing Ottawa investment property with immediate income and future upside. Photos were taken prior to currents tenants. Some photos have been virtually staged. (id:39840)

Property Details

MLS® Number X13446582
Property Type Single Family
Community Name 5302 - Carlington
Equipment Type Water Heater
Parking Space Total 2
Rental Equipment Type Water Heater

Building

Bathroom Total 2
Bedrooms Above Ground 2
Bedrooms Total 2
Appliances Dishwasher, Dryer, Hood Fan, Microwave, Two Stoves, Two Washers, Two Refrigerators
Basement Type None
Construction Style Attachment Detached
Cooling Type None
Exterior Finish Vinyl Siding
Foundation Type Block
Heating Fuel Electric
Heating Type Baseboard Heaters
Stories Total 2
Size Interior 700 - 1,100 Sqft
Type House
Utility Water Municipal Water

Parking

No Garage

Land

Acreage No
Sewer Sanitary Sewer
Size Depth 100 Ft
Size Frontage 25 Ft
Size Irregular 25 X 100 Ft
Size Total Text 25 X 100 Ft

Rooms

Level Type Dimensions
Second Level Bathroom 1.08 m x 2.74 m
Second Level Kitchen 3.47 m x 3.82 m
Second Level Living Room 4.69 m x 1.94 m
Second Level Bedroom 2 2.49 m x 4.78 m
Main Level Bathroom 2.09 m x 3.22 m
Main Level Bedroom 2.92 m x 3.3 m
Main Level Kitchen 3.4 m x 4.76 m
Main Level Living Room 3.37 m x 5.8 m

https://www.realtor.ca/real-estate/29905315/978-admiral-avenue-ottawa-5302-carlington

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