A pic from exterior of the house or condo, the fenced backyard for 1387/89 Raven Ave, Carlington - Central Park Ontario K1Z 7Y5
25 days on Market

1387/89 Raven Ave, Carlington - Central Park, Ontario K1Z 7Y5

Townhouse
6 + 2
4
- sqft
$1,150,000
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Townhouse
6 + 2
4
- sqft

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Highlights

Estimated ValueNot available

Price/Sqft-

Est. Mortgage$4,939/mo

Tax Amount (2024)$5,851/yr

Days On Market25 days


Description

Prime investment opportunity in the heart of Carlington with easy access to amenities. This exceptional 4-unit multiplex has been renovated and offers great income potential. Projected annual rental income exceeding $103k as of May 2025. The four units are comprised of two expansive 3-bedroom units on main and upper floors (1387A and 1389A) and two 1-bedroom basement units (1387B and 1387B) with their own separate entrance. Currently, the building hosts a great tenant-base. Basement units are each rented at $1800 per month (both leases end Dec 31, month to month to follow), one upper unit is vacant (1389A) and the other upper unit is rented at $2200 per month (1387A), those tenants leaving at the end of April 2025. Both upstairs units could rent for $2500 each. Each unit has its own laundry. Potential for buyer to occupy one of the upper 3-bedroom units. This investment property is perfect for first-time investors looking to enter the market or seasoned investors adding to their portfolio. Power of sale provisions apply therefore property being sold As Is. 48 hours irrevocable on offers.


Property Details

Style2-Storey
View-
Age of property51-99
SqFt-
Lot Size5,194 SqFt(98 x 53)
Parking Spaces4
MLS ®NumberX11249970
Community NameCarlington
Data SourceTRREB
Listing byKELLER WILLIAMS INTEGRITY REALTY

Features

Heating: Forced Air
Basement: Apartment

Main Floor

Living

6.88 x 4.05

Hardwood Floor / Large Window

Dining

4.15 x 2.57

Hardwood Floor / Large Window

Kitchen

4.15 x 2.46

Ceramic Floor / B/I Dishwasher / Window


Features

Lot size: 5,194 SqFt

Parking

Garage spaces -

Garage type -

Total parking spaces 4


Property listed by KELLER WILLIAMS INTEGRITY REALTY, Brokerage

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Population and Demographics

Overview

Total population 8159
Average household income $107,357

Age (%)

20 to 34
24%
0 to 19
21%
35 to 49
21%
50 to 64
20%
65 and plus
13%

Household composition (%)

Single family
49%
Single person
43%
Multi person
8%
Multi family
0%

Mother tongue (%)

English
72%
French
10%
Arabic
4%
Others
3%
English and French
2%
Spanish
2%
Somali
2%
Italian
1%
Vietnamese
1%

House tenancy (%)

Renters
65%
Owners
35%

Schools and amenities

Estimated Budget