978 Admiral Avenue
5302 - Carlington, Carlington - Central Park, K1Z 6L9
FOR SALE
$599,900

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BEDROOMS2
BATHROOMS2
KITCHENS6
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Property Description
Fully rented and generating immediate cash flow, this turnkey investment property features two self contained 1 bedroom, 1 bathroom units, with Unit A rented for $1,950/month and Unit B rented for $1,800/month, providing stable income from day one. Beautifully renovated and meticulously maintained, this versatile property offers exceptional value and long term potential in one of Ottawa's most connected and sought after neighborhoods. Designed to appeal to today's tenants, both units have been thoughtfully updated, minimizing future maintenance and maximizing rental appeal. Beyond the current income stream, new zoning bylaws may present future development opportunities, making this not only a strong cash flowing asset but also a strategic long term investment. Professionals and healthcare workers are consistently drawn to the unbeatable location, just steps from the Civic Hospital and the iconic Experimental Farm. Commuting is effortless with quick access to Highway 417, while nearby cycling paths and green spaces support an active urban lifestyle. On weekends, tenants can enjoy the vibrant cafés, restaurants, and amenities of Little Italy or spend time along the scenic shores of Dows Lake. Low maintenance, fully tenanted, and positioned in a thriving urban corridor, this is a rare opportunity to acquire a high performing Ottawa investment property with immediate income and future upside. Photos were taken prior to currents tenants. Some photos have been virtually staged.
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Property Features
None
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Property Details
Address
978 Admiral Avenue
Community
Postal Code
K1Z 6L9
Property Type
Detached, Detached
Lot Size
25' x 100'
Acreage
2,500.0 Feet
Taxes
$3,371 (2026
Basement
None
Heat Type
Baseboard
Heat Source
Electric
Water
Municipal
Parking Spaces
2
Garage Type
None
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Listing contracted with Paul Rushforth Real Estate Inc.
Family home with future development possibilities. Welcome to 1247 Summerville Avenue in the heart of desirable Carlington! This charming 1 1/2 storey detached home offers 2 bedrooms, 2.5 bathrooms, and a finished basement providing flexible living space and storage for today's lifestyle. Situated on a generous 40 x 135 ft lot, the home features a large private backyard perfect for entertaining, gardening, or family enjoyment. Whether you're a first-time buyer, downsizer, or investor, you'll appreciate the mature neighbourhood, convenient location, and endless possibilities this property offers. Zoned N4B, this property also presents an exciting opportunity for future redevelopment. Close to parks, schools, shopping, transit, the Civic Hospital, and easy access to downtown, this is a rare chance to enjoy today while investing in tomorrow.
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Investor's Commercial Opportunity! Fantastic income-generating property with potential for two rental units in the highly desirable Royal & Civic Hospital area. This spacious home features 4 bedrooms, 2 full bathrooms, and sits on a large lot offering both space and long-term development potential. there are 2 bedrooms on second level and 1 bedroom in the main level, with 1 full bathroom, Upper level is currently rented at $1,500/month. Lower level: Non-confirmed bachelor apartment with full bathroom, currently rented at $750/month. A great opportunity for investors seeking strong cash flow or end users looking to live in one unit and rent the other. Close to hospitals, transit, shopping, and all amenities.
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