4,384 ft²Multifamily$3,150,000Sale
4,384 ft²
Multifamily
$3,150,000
Sale
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46 Carlyle Avenue presents the opportunity to acquire a well maintained, income producing seven unit multi-family asset consisting of six four-bedroom units and one two-bedroom unit in one of Ottawa’s most established and supply constrained rental corridors. The property’s large format unit mix is exceptionally well suited to the surrounding student and shared housing market, supporting strong rental demand, durable occupancy, and attractive income generation within a high barrier urban location. Located steps from Carleton University and surrounded by the Glebe, Old Ottawa South, and Bank Street amenities, the asset benefits from a deep and reliable tenant base driven by education, employment, transit connectivity, and lifestyle appeal. Supported by stable in place cash flow and future rental growth potential, 46 Carlyle Avenue offers investors a compelling combination of scale, income stability, and long term value creation within Ottawa’s resilient apartment market.
The Space
Asking Price$3,150,000
Available Space4,384 ft²
Net Operating Income$166653
Property UseMulti family
ZoningR3Q [1475]
Cap Rate5.29%
Net Operating Income$166,653/yr
SourceDirect
The Building
Positioned between the Glebe and Old Ottawa South, the property is surrounded by some of Ottawa’s most established and walkable neighbourhoods, known for their vibrant retail streets, restaurants, green space, and enduring residential appeal. Residents enjoy immediate access to Bank Street, the Rideau River pathway network, public transit, and downtown Ottawa, reinforcing the property’s long term attractiveness to students, young professionals, and urban renters alike. For multi family investors, the location offers a compelling combination of stable tenancy, proven rental demand, and lasting neighbourhood desirability.
Property TypeMultifamily
Floors3
Lot Size0.10 AC
ZoningR3Q [1475]
Up to $500K for Ontario businesses
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