26 Mcarthur Avenue Carleton Place, Ontario K1L 6R2
$5,000,000
Brand-new 12-unit apartment building located in Ottawa, offering strong income potential with an estimated annual rent roll of $300,600. The property consists of eight one-bedroom and four two-bedroom apartments, each equipped with five appliances and individual storage lockers. The units feature luxury vinyl tile flooring in the living areas, kitchens, and bedrooms, complemented by ceramic tile in the bathrooms. Modern design and quality finishes are consistent throughout the building. Please note that there is no on-site parking.As a newly constructed building, this is a turnkey, low-maintenance investment ideally situated in a high-demand rental market. Based on current projected revenue and normalized expenses, the cap rate is estimated at 4.21%. Asking rents are set at $2,400 for the two-bedroom units, $1,950 for the one-bedroom units, and $1,800 for a basement one-bedroom unit. This represents a rare opportunity to acquire a newly built, income-generating property with strong rental demand and solid long-term upside in Ottawas competitive multi-residential market. (id:37072)
Property Details
| MLS® Number | X12392560 |
| Property Type | Single Family |
| Community Name | 909 - Carleton Place |
| Features | Flat Site, Carpet Free |
Building
| BathroomTotal | 12 |
| BedroomsAboveGround | 16 |
| BedroomsTotal | 16 |
| Amenities | Separate Electricity Meters, Separate Heating Controls |
| Appliances | Water Heater |
| BasementDevelopment | Finished |
| BasementFeatures | Apartment In Basement |
| BasementType | N/a (finished) |
| ConstructionStyleAttachment | Detached |
| CoolingType | Wall Unit, Air Exchanger, Ventilation System |
| ExteriorFinish | Stone |
| FoundationType | Poured Concrete |
| HeatingFuel | Natural Gas |
| HeatingType | Hot Water Radiator Heat |
| SizeInterior | 5000 - 100000 Sqft |
| Type | House |
| UtilityWater | Municipal Water |
Parking
| No Garage |
Land
| Acreage | No |
| Sewer | Sanitary Sewer |
| SizeDepth | 91 Ft ,9 In |
| SizeFrontage | 47 Ft ,9 In |
| SizeIrregular | 47.8 X 91.8 Ft |
| SizeTotalText | 47.8 X 91.8 Ft |
https://www.realtor.ca/real-estate/28838274/26-mcarthur-avenue-carleton-place-909-carleton-place
Interested?
Contact us for more information
Abbas Saad
Broker
610 Bronson Avenue
Ottawa, Ontario K1S 4E6
Anthony Vallee
Salesperson
610 Bronson Avenue
Ottawa, Ontario K1S 4E6
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September 09 2025 08:56:11
Ottawa Real Estate Board
RE/MAX Hallmark Realty Group