For Sale: 1240 Carling Avenue, Ottawa, ON - REW
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$949,900
0 bd • ba • 1500 sf • Land/Lot
1240 Carling Avenue
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$949,900
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1240 Carling AvenueOttawa, ON, K1Z 7K7

Carlington
  • 0 Bed
  • Bath
  • 1500 Sqft
  • Land/Lot

About this home

Shovel-ready purpose-built rental development opportunity in one of Ottawa's most desirable urban corridors.1240 Carling Avenue presents a rare opportunity to acquire a fully approved 18-unit apartment development with the key municipal approvals already secured. The demolition permit has been issued, and the building permit has been approved, with issuance pending only the payment of educational development fees. No other municipal approvals or fees remain prior to commencing construction. Designed with construction efficiency in mind, the project has been thoughtfully engineered to minimize unnecessary construction costs while maximizing energy efficiency, buildability and developer margin. Skip years of planning, approvals and consultant coordination and move directly toward construction. Situated along Carling Avenue, the property enjoys exceptional connectivity to Highway 417 and Ottawa's major arterial road network, offering convenient access across the city. The site is within walking distance of The Ottawa Hospital Civic Campus, public transit, shopping, restaurants, parks and everyday amenities, and is surrounded by major employment centres that continue to support strong rental demand. Its central location, excellent accessibility and proximity to significant employment make it an ideal setting for a purpose-built rental investment. A comprehensive due diligence package, including plans, approvals, studies and supporting documentation for CMHC MLI Select financing, is available upon request. An exceptional opportunity for developers and investors seeking a construction-ready project in one of Ottawa's strongest rental markets. (id:63626)
Listed by: Ayden Webster, Salesperson, EXP REALTY

Home facts and features

Price details
List Price
$949,900
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Gross Taxes for 2025
$4,258
Home facts
Bedrooms
0
Full Bathrooms
Property Type
Land/Lot
Depth
99.3 feet
Frontage
55.11 feet
Community
Agent details
Primary Agent
Ayden Webster
Primary Broker
EXP REALTY
Secondary Agent
Justin Salazar
Secondary Broker
EXP REALTY
Tertiary Agent
Jack Anbara
Tertiary Broker
EXP REALTY
Listing details
Days on REW
2 Days
MLS® Number
X13573008
Source
Canadian Real Estate Association
Board
Ottawa Real Estate Board
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25 Years
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3.99%

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Property Insights

W.E. Gowling Public School
  • Public
  • JK - 6
St Elizabeth Elementary School
  • Catholic
  • JK - 6
Elmdale Public School
  • Public
  • JK - 6
Fisher Park/Summit AS Public School
  • Public
  • 7 - 8
Hilson Avenue Public School
  • Public
  • JK - 6
Connaught Public School
  • Public
  • JK - 6
Churchill Alternative School
  • Public
  • JK - 6
É Élém C Saint-François-d'Assise
  • Catholic
  • JK - 6
Notre Dame School
  • Catholic
  • 7 - 12
Nepean High School
  • Public
  • 9 - 12
School catchments and distances are intended to be used as reference only. To verify enrolment eligibility for a property, contact the school directly.Report Incorrect Info
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Call Agent
Salesperson
Ayden Webster
Phone:
(613) 899-5319
Office:
866-530-7737
Salesperson
Justin Salazar
Phone:
(613) 724-0895
Office:
866-530-7737
Salesperson
Jack Anbara
Phone:
(613) 371-4840
Office:
866-530-7737
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