1387 89 Raven Avenue, Ottawa

Bedrooms: 8
Bathrooms: 4
Added: 5 hours ago
Updated: 59 minutes ago
Last Checked: 4 minutes ago

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:1945)

Property DetailsKey information about 1387 89 Raven Avenue

Heating: Forced air, Natural gas
Stories: 2
Structure Type: Other
Exterior Features: Brick
Foundation Details: Poured Concrete
Property Type: Multiplex
Number Of Units: 4
Total Bedrooms: 10
Total Bathrooms: N/A
Renovated: true
Power Of Sale: true
As Is Condition: true

Interior FeaturesDiscover the interior design and amenities

Basement: Apartment in basement, N/A
Flooring: Hardwood, Laminate, Ceramic
Appliances: Washer, Refrigerator, Dishwasher, Stove, Dryer
Bedrooms Total: 8
Unit Layout: [object Object], [object Object]
Laundry: Each unit has its own laundry

Exterior & Lot FeaturesLearn about the exterior and lot specifics of 1387 89 Raven Avenue

Water Source: Municipal water
Parking Total: 4
Building Features: Separate Electricity Meters
Lot Size Dimensions: 53 x 98 FT
Separate Entrances: true
Building Structure: N/A

Location & CommunityUnderstand the neighborhood and community

Directions: Kirkwood/Raven
Neighborhood: Carlington
Access To Amenities: Easy access

Business & Leasing InformationCheck business and leasing options available at 1387 89 Raven Avenue

Projected Annual Rental Income: $103,000
Basement Unit Rents: $1,800 per month each
Upper Unit Rents: 1387A: $2,200 per month, 1389A: Vacant
Upper Unit Potential Rent: $2,500 each
Tenant Lease Expiration: Basement Units: Dec 31, month to month thereafter, Upper Units: End of April 2025
Owner Occupancy Potential: One of the upper 3-bedroom units

Property Management & AssociationFind out management and association details

Current Tenants: Great tenant-base
Occupancy: One upper unit vacant, one upper unit rented

Utilities & SystemsReview utilities and system installations

Sewer: Sanitary sewer
Utilities: Sewer, Cable
N A: Not specified

Tax & Legal InformationGet tax and legal details applicable to 1387 89 Raven Avenue

Tax Annual Amount: 5851
Zoning Description: R2H
N A: Not specified

Additional FeaturesExplore extra features and benefits

Offers: 48 hours irrevocable on offers

Room Dimensions

Type	Level	Dimensions
Living room	Main level	6.88 x 4.05
Bathroom	Basement	2.69 x 2.18
Laundry room	Basement	1.52 x 0.91
Dining room	Main level	4.15 x 2.57
Kitchen	Main level	4.15 x 2.46
Primary Bedroom	Second level	4.89 x 3.16
Bedroom 2	Second level	4.73 x 3.16
Bedroom 3	Second level	3.04 x 2.42
Bathroom	Second level	2.74 x 1.77
Living room	Basement	4.75 x 2.26
Kitchen	Basement	3.05 x 2.34
Primary Bedroom	Basement	3.48 x 2.44

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