$1,250,000
217 Melrose Avenue
Civic Hospital, Ottawa
- 6 bd
- 5 ba
- House
1 / 24
$839,000
Civic Hospital, Ottawa, ON K1Y4E8 · MLS® X13612842
Discover an exceptional investment opportunity at 1031 Carling Avenue, Unit 1, in Ottawa's highly desirable Dows Lake-Civic Hospital neighborhood. This unique multi-level detached condominium offers an attractive combination of privacy, functionality, and long-term investment potential in one of the city's most sought-after locations. Its versatile layout appeals to a wide range of tenants, including healthcare professionals, students, and young professionals, while the low-maintenance condominium lifestyle helps simplify ownership. Ideally situated just minutes from the Civic Hospital, Dows Lake, Little Italy, downtown Ottawa, public transit, shopping, restaurants, and recreational amenities, this property benefits from consistent rental demand and excellent connectivity. Whether you're looking to expand your real estate portfolio or secure a property in a high-demand neighborhood with strong appreciation potential, this is an opportunity not to be missed. (id:65933)
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Estimate only, not financial advice. Rent is reduced by vacancy, then management is taken on the rent collected; net operating income = that, less property tax and other costs; cap rate = net operating income ÷ price; cash flow also subtracts the mortgage (semi-annual compounding, as Canadian mortgages use). Vacancy default: CMHC Rental Market Report, Ottawa, October 2025.
Listed by Cmi Real Estate Inc..
Listing data provided by REALTOR.ca DDF® and owned by The Canadian Real Estate Association (CREA). Deemed reliable but not guaranteed.