1240 Carling Avenue
Carlington - Central Park, ON
- 1,500 sqft
- Land
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.
Listing Details
- Taxes (2025)
- $4,258
- Originally Listed
- $949,900
- Listed
- July 16, 2026
Price History
Property
- Lot Size
- 55.96 x 99.3 Feet
Utilities
- Sewer
- Sanitary+Storm Available
Location & Legal
- Cross Street
- Merivale Rd & Carling Ave
- Zoning
- AM1[2197]H(11)
- Parcel Number
- 040390003
- Possession
- Flexible
- Occupancy
- Vacant
Community
Postal area K1Z
- Population
- 22,714
- Private dwellings
- 11,642
- Median age
- 38.4
- Average household size
- 2.1
- Median household income
- $77,000
Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.
Local market
Commercial in Carlington - Central Park · last 12 months
- Median sold price
- $571,000
- Homes sold
- 124
- Median days on market
- 20
- Sale-to-list price
- 98.7%
Based on 124 recorded sales of commercial properties in Carlington - Central Park over the last 12 months.
Listed by
EXP REALTY
Walk Score
Walk Score is unavailable for this address right now.
Location
Street View
Commercial figures
- Building area
- 1,500 sq ft
- Price per sq ft
- $616.60
- Annual property tax
- $4,258
- Tax per sq ft
- $2.84
Derived from the listing's own figures. Taxes are as reported by the listing brokerage and may be a prior year.
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