$579,900
Est. payment $2,568/moCalculate yours
978 Admiral Avenue, Carlington - Central Park, ON K1Z 6L9
5302 - Carlington, Carlington - Central Park, ON K1Z 6L9
- 2 Beds
- 2 Baths
- 700 Sq Ft
Listing courtesy of PAUL RUSHFORTH REAL ESTATE INC. MLS® X13666060
About this home
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.
Property details
Overview
- Property Type
- Detached
- Style
- 2-Storey
- For
- For Sale
- Status
- Extension
- Size
- 700 sqft
Interior
- Bedrooms
- 2
- Bathrooms
- 2
- Kitchens
- 2
- Basement
- None
Building & Systems
- Heating
- Baseboard (Electric)
- Cooling
- None
- Exterior
- Vinyl Siding
- Foundation
- Concrete Block
- Roof
- Asphalt Shingle
- Water
- Municipal
- Sewer
- Sewer
Lot & Parking
- Lot Size
- 25 x 100 Feet
- Parking
- None garage · 2 total
Financial
- Property Taxes
- $3,371 (2026)
Location
- Neighbourhood
- 5302 - Carlington
- Cross Street
- Shillington
- Direction Faces
- West
Listing
- MLS® Number
- X13666060
- Days on Market
- 67
- Listed On
- 2026-08-12
- Possession
- Flexible
- Listed By
- PAUL RUSHFORTH REAL ESTATE INC.
Rooms
Features
Interior
- None
Pool
- None
- Included
- 2 refrigerators, 2 stoves, 2 dishwashers, 2 washers, 2 dryers, microwave, hood fan
- Excluded
- Tenants belongings
- Rental items
- Hot water tank
Mortgage calculator
Estimated mortgage payment
$2,568 per month
- Principal and interest
- $2,568
- Property tax
- $281
- Condo fees
- $0
- Estimated monthly cost
- $2,849
Your mortgage
- Mortgage amount
- $463,920
- Mortgage insurance
- Not needed
- Interest over 25 years
- $306,382
Cash to close
- Down payment
- $115,980
- Land transfer tax
- $8,073
- First-time buyer refund
- $0
- Sales tax on insurance (8%)
- $0
- Total, before legal fees
- $124,053
With less than 20% down, a 30-year amortization is available to first-time buyers and buyers of newly built homes.
Talk to me about financingEstimates only, not a mortgage offer or financial advice. Uses the Canadian fixed-rate convention (interest compounded twice a year), 2026 mortgage insurance premiums and Ontario land transfer tax. Your lender will confirm your actual rate and payment.
Location
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