4
See all 4 photos
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Est. payment /mo
2 Beds
3 Baths
New
1386 Woodward AVE Carlington - Central Park, ON K1Z 7W1
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Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 1500-2000
Subdivision 5301 - Carlington
MLS Listing ID X14176702
Style 2-Storey
Bedrooms 2
Annual Tax Amount $4,670
Tax Year 2025
Property Sub-Type Triplex
Property Description
Attention investors & builders! Rare freehold 3 unit building. Duplex + accessory unit, on an oversized 68' x 93' (4,984 sq ft) corner lot in Carlington-Central Park with 3-car parking. Redevelopment potential under Ottawa's Zoning By-law 2026-50 (no parking minimums zoning CM1). Features 4 beds & 3 full baths across 3 self-contained units: Main (1-bed, $950/mo all-incl), Lower (1-bed w/ sep entrance, $950/mo all-incl), & Upper (spacious 2-bed, vacant Jan 31, 2027 w/ separate hydro meter-projected $1,600/mo + hydro). Projected gross income of $42,000/yr against $12,743/yr in hard verified operating expenses yields a projected NOI of $29,257/yr (4.43% cap rate at $659,900; current in-place gross $22,800/yr). Major cap-ex completed: roof (2020), $12K exterior upgrades (2025), & Carrier furnace (Nov 2024). Live in the 2-bed upper suite while tenants subsidize your mortgage, or lease out all three units for turnkey cash flow!
Location
Province ON
County Ottawa
Area Ottawa
Zoning R2H
Rooms
Family Room No
Basement Apartment, Separate Entrance
Kitchen 3
Separate Den/Office 1
Interior
Interior Features Accessory Apartment
Cooling None
Inclusions 3 stoves, 3 fridge
Exterior
Parking Features Lane
Pool None
Roof Type Asphalt Shingle
Lot Frontage 68.33
Lot Depth 92.93
Total Parking Spaces 3
Building
Foundation Block
Others
Senior Community No
ParcelsYN Yes
Listed by ROYAL LEPAGE INTEGRITY REALTY
NEARBY SCHOOL & BUSINESS
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