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Central Park · K1Z 7K7
$949,900
MLS® #X13573008
All photos · 51
About this property
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.
General information
Building and mechanicals
Parking and garage
Lot and land
Taxes
Mortgage estimate
Estimated monthly payment
$4,011
Down payment: $189,980 · Loan: $759,920
Estimate only. Lender rates and qualification rules change constantly. Excludes property tax, condo fees, and insurance. Always confirm with a mortgage broker before making decisions.
Listing record
Listing courtesy of: EXP REALTY. Originating board: the A00001796.
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The information provided is for personal, non-commercial use and may not be used for any purpose other than identifying prospective properties consumers may be interested in purchasing. Last updated: Jul 16, 2026.
Measurements, dimensions, and other property details are provided by the listing brokerage and have not been independently verified. Information is deemed reliable but is not guaranteed and should be confirmed by the buyer and their representative.