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Investment signal

$775,000

1031 CARLING AVENUE

Save this home

Beds

5

Baths

4 full + 1 half

Sqft

Year

Type

Single Family

Suite

Investment signal

Location nearby

Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Ottawa. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.

About this home

A rare opportunity to own a fully legal, code-compliant triplex with over $300,000 in premium renovations-perfect for investors or owner-occupiers. This beautifully updated century home offers three self-contained units (1-bed basement, 1-bed main floor, and a spacious 2-bed upper unit with loft), each with in-unit laundry and modern finishes, while preserving its original character.Highlights include 200 AMP electrical service, all-new plumbing, hardwood and laminate flooring, upgraded kitchens, added powder room, and parking for two. The exterior features fresh paint, new stairs, retaining walls, interlock walkway, and professional landscaping.A true turnkey investment combining strong rental potential, modern upgrades, and timeless charm in a prime location. (id:65958)

Subtype
Single Family
Architectural style
Multi-level
Structure
House
Community
4504 - Civic Hospital
Common interest
Condo/Strata
Bedrooms
5 above grade
Parking
2 total
Condo/HOA fee
$417 monthly
Fireplace
1
On market
Apr 3, 2026
Status changed
Apr 24, 2026
Annual tax
$7,056
Photos
27
MLS#
X12955510
Area
OTTAWA

Features and systems

Parking

Detached GarageGarage

Basement

FinishedFull

Exterior

Brick

Foundation

Block

Lot

In-Law Suite

Community

Pets Allowed With Restrictions

Fee includes

Parking
Negative cash flow ~$864/mo at these assumptions

Cash on cash

-6.69%

Cap rate

3.53%

GRM

16.7

Break-even rent

$4,785

Financing

Down payment$155,000
Loan amount$620,000
Mortgage$3,141/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$355
Insurance$80
Maintenance$646
CapEx reserve$323
Vacancy loss$194

Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.

Mortgage estimate

Estimated $3,141/mo at 4.5% with 20% down, 30-yr amortization.Estimate only — actual payment varies by qualification + insurance.

Listing brokerage

Listing brokerage on file

Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 24, 2026.

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