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

$1,020,000 /For Sale
Commercial

Main Photo: 115 Carruthers Avenue in West Centre Town: 4201 - Mechanicsville Commercial for sale : MLS®# X12868812
Photo 1: 115 Carruthers Avenue in West Centre Town: 4201 - Mechanicsville Commercial for sale : MLS®# X12868812
Photo 2: 115 Carruthers Avenue in West Centre Town: 4201 - Mechanicsville Commercial for sale : MLS®# X12868812
Photo 3: 115 Carruthers Avenue in West Centre Town: 4201 - Mechanicsville Commercial for sale : MLS®# X12868812
Photo 4: 115 Carruthers Avenue in West Centre Town: 4201 - Mechanicsville Commercial for sale : MLS®# X12868812
Photo 5: 115 Carruthers Avenue in West Centre Town: 4201 - Mechanicsville Commercial for sale : MLS®# X12868812
Photo 6: 115 Carruthers Avenue in West Centre Town: 4201 - Mechanicsville Commercial for sale : MLS®# X12868812
Photo 7: 115 Carruthers Avenue in West Centre Town: 4201 - Mechanicsville Commercial for sale : MLS®# X12868812
Photo 8: 115 Carruthers Avenue in West Centre Town: 4201 - Mechanicsville Commercial for sale : MLS®# X12868812
Photo 9: 115 Carruthers Avenue in West Centre Town: 4201 - Mechanicsville Commercial for sale : MLS®# X12868812
Photo 10: 115 Carruthers Avenue in West Centre Town: 4201 - Mechanicsville Commercial for sale : MLS®# X12868812
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Photo 13: 115 Carruthers Avenue in West Centre Town: 4201 - Mechanicsville Commercial for sale : MLS®# X12868812
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Photo 18: 115 Carruthers Avenue in West Centre Town: 4201 - Mechanicsville Commercial for sale : MLS®# X12868812
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Photo 22: 115 Carruthers Avenue in West Centre Town: 4201 - Mechanicsville Commercial for sale : MLS®# X12868812
Photo 23: 115 Carruthers Avenue in West Centre Town: 4201 - Mechanicsville Commercial for sale : MLS®# X12868812
Photo 24: 115 Carruthers Avenue in West Centre Town: 4201 - Mechanicsville Commercial for sale : MLS®# X12868812
Photo 25: 115 Carruthers Avenue in West Centre Town: 4201 - Mechanicsville Commercial for sale : MLS®# X12868812
Photo 26: 115 Carruthers Avenue in West Centre Town: 4201 - Mechanicsville Commercial for sale : MLS®# X12868812
Photo 27: 115 Carruthers Avenue in West Centre Town: 4201 - Mechanicsville Commercial for sale : MLS®# X12868812
Status:
Active
Prop. Type:
Commercial
MLS® Num:
X12868812
Bus Major:
Apts - 2 To 5 Units
Upgrade to a 5-unit building with stronger cash flow and lower vacancy risk than a triplex or single unit building, while paying a comparable price point. This fully-rented 5-plex generates $98,700 in gross annual income and is located just 700m from Tunney's Pasture LRT Station and 300m from the Government Tunney's Pasture complex, providing a consistent tenant base. The property operates efficiently with keypad entry systems on each unit and multiple interior renovations, making it straightforward to manage and attractive to tenants. The unit mix supports steady demand and includes one 2-bedroom unit, two 1-bedroom units, and two bachelor suites, all currently rented. Four of the five units include in-suite laundry. Located a few blocks from Hintonburg's shops and restaurants, the building also offers close proximity to the Ottawa River pathways, Laroche Park, the Civic Hospital, and the future redevelopment at LeBreton Flats, contributing to long-term rental demand.Additional features include R4UD zoning, two owned hot water tanks, and rear parking for three vehicles accessed by a city-maintained laneway. A well-maintained multi-unit asset in a transit-oriented location with stable income and long-term growth potential. Note - 4 of the five units have in-suite laundry. All appliances, 2 hot water tanks, and a list of furniture is included in the sale price! *Email to get the finanical spreadsheet*
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:
Yes
Type Taxes:
Annual
Taxes:
$6,213 / 2025
Assessment:
$- / -
Ottawa
West Centre Town
4201 - Mechanicsville
Public Transit, Recreation/Community Centre
Hot Water Tanks (2), Refrigerators (5), Stove (5), Microwaves (5), Washer/Spinner (5), 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
tenant belongings
Utilities:
Yes
Air Conditioning:
No
Seller Property Info Statement:
No
Major Business Type:
Apts - 2 To 5 Units
Category:
Apartment
Date Listed:
Mar 10, 2026
Original Price:
Previous Price:
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Listed by RE/MAX HALLMARK REALTY GROUP
Data was last updated March 11, 2026 at 07:15 PM (UTC)
DARYL  KING
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FAQs – Apartment Buildings for Sale

1. Are apartment buildings a good investment?
Yes, apartment buildings provide steady rental income, potential tax benefits, and property value appreciation over time.

2. What should I consider before buying an apartment building?
Evaluate location, tenant demand, building condition, rental income, and management costs.

3. Can first-time investors buy apartment buildings?
Yes, many financing options are available for new investors, including CMHC-backed loans and commercial mortgages.

4. How many units are considered an apartment building?
Typically, any property with five or more units is classified as an apartment building for investment purposes.

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You can find listings across major cities and growing suburbs where rental demand remains strong.