1386 Woodward Avenue, Carlington - Central Park

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!