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115 Carruthers Avenue
4201 - Mechanicsville West Centre Town K1Y 1N4

$1,090,000 /For Sale
Commercial

Main Photo: 115 Carruthers Avenue in West Centre Town: 4201 - Mechanicsville Commercial for sale : MLS®# X12760372
Photo 1: 115 Carruthers Avenue in West Centre Town: 4201 - Mechanicsville Commercial for sale : MLS®# X12760372
Photo 2: 115 Carruthers Avenue in West Centre Town: 4201 - Mechanicsville Commercial for sale : MLS®# X12760372
Photo 3: 115 Carruthers Avenue in West Centre Town: 4201 - Mechanicsville Commercial for sale : MLS®# X12760372
Photo 4: 115 Carruthers Avenue in West Centre Town: 4201 - Mechanicsville Commercial for sale : MLS®# X12760372
Photo 5: 115 Carruthers Avenue in West Centre Town: 4201 - Mechanicsville Commercial for sale : MLS®# X12760372
Photo 6: 115 Carruthers Avenue in West Centre Town: 4201 - Mechanicsville Commercial for sale : MLS®# X12760372
Photo 7: 115 Carruthers Avenue in West Centre Town: 4201 - Mechanicsville Commercial for sale : MLS®# X12760372
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Photo 38: 115 Carruthers Avenue in West Centre Town: 4201 - Mechanicsville Commercial for sale : MLS®# X12760372
Status:
Active
Prop. Type:
Commercial
MLS® Num:
X12760372
Bus Major:
Apts - 2 To 5 Units
6.76% Cap rate** Inherit CASH FLOW with this Prime 5-Unit Investment Opportunity in Sought-After Hintonburg-Mechanicsville. 700m from the LRT (Tunney's Pasture station), 300m from the Government Tunney's Pasture complex! Easy to rent to good tenants, this multi-unit building is operated like a well-oiled machine, with keypads on each door and various renovations in each unit. Ideally located a few city blocks from Hintonburg's vibrant shops and restaurants, Tunney's Pasture, and the LRT, with close proximity to the Ottawa River pathways, Laroche Park, Civic Hospital, and the exciting future development at LeBreton Flats. The building offers a strong unit mix designed for tenant demand, consisting of one spacious 2-bedroom unit, two 1-bedroom units, and two bachelor suites, all fully rented. Four of the five units feature in-suite laundry, and the property has been well maintained with renovated interiors, attracting quality long-term tenants. Additional highlights include R4UD zoning, 2 owned hot water tanks, and rear parking for three vehicles accessed via a city-maintained laneway. A rare opportunity to acquire a high-performing, low-maintenance asset in a proven rental location with excellent transit access and long-term upside. See it before it's gone! **(cap rate doesn't incl maintenance and management expense)
Property Type:
Commercial
Property Sub Type:
Investment
Freestanding:
Yes
Total Area:
2146 sq. ft. Square Feet
Total Area:
2,146 sq. ft.
Lot Depth:
98'1½"
Lot Frontage:
25'1"
Lot Shape:
Rectangular
Water supply:
Municipal
Zoning:
R4UD
Heating type:
Gas Forced Air Open
Garage:
None
Parking Spaces:
3
Possession Details:
flexible
HST Applicable To Sale Price:
Included In
Development Charges Paid:
Unknown
Type Taxes:
Annual
Taxes:
$6,213 / 2025
Assessment:
$- / -
Ottawa
West Centre Town
4201 - Mechanicsville
Public Transit, Recreation/Community Centre
none
Hot Water Tanks (2), Refrigerators (5), Stove (5), Microwaves (5), Washer/Spinner (4)
Tenant belongings. Some negotiable items: TVs (4), Queen Bed Frames (2), Double Bed Frame, Coffee Table, Dressers (3), Side Tables (4), Entry Table, Dining Tables (2), Dining Chairs (4), Desk, Desk Chair, Outdoor Vestibule
Utilities:
Yes
Air Conditioning:
No
Seller Property Info Statement:
No
Physically Handicapped-Equipped:
No
Major Business Type:
Apts - 2 To 5 Units
Category:
Apartment
Date Listed:
Feb 05, 2026
Original Price:
Previous Price:
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    2-3 Parking spaces in Hintonburg
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Listed by RE/MAX HALLMARK REALTY GROUP
Data was last updated February 6, 2026 at 06:15 PM (UTC)
DARYL  KING
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