56-58

Carruthers Avenue

Ottawa | Ontario

The Charm of

Noble Life

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Quinn Goodwin

Presented At

$690,832

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56-58

Carruthers Avenue

Ottawa | Ontario

56-58 Carruthers Avenue, Ottawa, Ontario, Canada. , Ottawa , Ontario

West Centre Town Land

Located in the vibrant and evolving community of Mechanicsville, this property presents an excellent opportunity for investors, developers, or builders looking to tap into one of Ottawa's most connected urban neighbourhoods. The property currently features a duplex, providing holding income while you plan your next move. Just steps from Parkdale Avenue and the lively Hintonburg corridor, you'll enjoy quick access to Ottawa's best cafés, shops, and restaurants. The Kichi Zibi Mikan Parkway and Bayview Station (LRT) are nearby, offering both green space and the city's top transit connections. Whether you're developing today or land-banking for future appreciation, 56-58 Carruthers Avenue is a smart addition to any portfolio. Buyer to conduct due diligence. The existing building is sold as-is, where-is for land value only. Seller makes no representations or warranties regarding zoning or future development.

Gallery

Property Location

56-58 Carruthers Avenue, Ottawa, Ontario, Canada., Ottawa Ontario

Local Weather & Climate

Ottawa, Ontario

Current Conditions Updated recently

25 °F

Broken clouds

Feels Like 18°F

Humidity 69%

Wind 6 mph

Visibility 6.2 mi

Sunrise 11:55 AM

Sunset 10:38 PM

5-Day Forecast

Sat 21 Feb

Clouds

High 25°

Low 25°

Sun 22 Feb

Clouds

High 28°

Low 0°

Mon 23 Feb

Clouds

High 32°

Low 22°

Tue 24 Feb

Clouds

High 25°

Low -5°

Wed 25 Feb

Clouds

High 18°

Low -7°

Data from OpenWeatherMap

Walkability & Transit Scores

How easy is it to get around Ottawa?

Walkability and transit scores for this address come from the EPA National Walkability Index.

Mortgage Calculator

Estimate your monthly payments for this property

Home Price

Down Payment

C$100,000

Interest Rate

Loan Term

Estimated Monthly Payment $3,160

Monthly Payment Breakdown

Principal & Interest $2,528

Loan Amount $400,000

Total Interest $337,621

Total Cost $737,621

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Important Information

This calculator is for illustrative purposes only and does not constitute a loan offer, pre-approval, or commitment to lend.
Monthly payment estimates do not include property taxes, homeowner's insurance, HOA fees, or other applicable costs which may significantly increase your actual payment.
Interest rates shown are for demonstration only. Actual rates depend on your credit score, down payment, loan type, property location, and current market conditions.
This tool provides estimates only. Consult with a licensed mortgage professional for accurate quotes and personalized advice.
Tax benefit calculations are simplified estimates based on general assumptions for Canada. Actual deductions depend on your specific tax situation, filing status, and current tax laws.
Tax Year Information: Tax data shown is based on Canada tax year 2025 (fiscal year: January-December), rules effective from 1972. Tax laws change frequently and may have been amended since this data was compiled.

Limitation of Liability: By using this calculator, you acknowledge that all results are approximations and should not be relied upon for financial, legal, or tax decisions. openluxe, its affiliates, officers, directors, employees, and agents expressly disclaim all liability for any damages, losses, or consequences arising from the use of or reliance on this calculator or the information provided herein. openluxe is not a lender, financial advisor, or tax professional and does not provide mortgage loans, financial advice, or tax advice. Use of this calculator does not create any professional relationship.

$955,000

56-58 Carruthers Avenue, Ottawa, Ontario, Canada.

Ottawa, Ontario

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Market Opinion

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Our perspective on current market conditions in Ottawa. For informational purposes only — always consult a licensed real estate professional before making decisions.

Market Analysis

International luxury real estate typically appreciates steadily over time.

Buyer Score

Estimated regional appreciation: 4% annually

Ultra-luxury properties tend to be more resilient during market downturns

Future Value & Wealth Building

Starting investment: $69,083,200 20% down ($13,816,640)

Investment Perspective

$1 → $1.36

Every dollar invested today could become $1.36 in 10 years

$100 → 136 $1,000 → $1,362

$5,936/day

Your home may appreciate while you sleep

$41,668/week $180,563/mo $2,166,751/yr

$100K Investment Comparison (10 Years)

Real Estate (Leveraged)

$281K

S&P 500 Index

$259K

High-Yield Savings

$155K

Real estate leverage: potential 8% advantage over stocks

-$38.0M

+$53.9M

$53.9M Potential Equity

vs $38.0M lost to rent over 10 years

$13.8M Down Payment Growth

3.9x

10yr

$53.9M

8.1x

20yr

$111.6M

12.6x

30yr

$174.5M

Wealth Comparison

×415

Equivalent to 415 average US homes

top 5%

US household wealth ranking

Median: $193K Yours: $174.5M

Time to Double Your Investment (accounting for market cycles)

42.4

years

Conservative

1.65% effective/yr

22.4

years

Market-Based

3.14% effective/yr

15.3

years

Optimistic

4.62% effective/yr

Projected Home Values (adjusted for market cycles)

10 Years

Conservative $81.4M +18%

Market $94.1M +36%

Optimistic $108.6M +57%

$53.9M est. equity

20 Years

Conservative $95.8M +39%

Market $128.1M +85%

Optimistic $170.6M +147%

$111.6M est. equity

30 Years

Conservative $112.8M +63%

Market $174.5M +153%

Optimistic $268.1M +288%

$174.5M est. equity

These projections are estimates only and actual results may vary. Past performance does not guarantee future results.

Important Disclaimer

The information presented in this Market Opportunity Opinion is provided for informational and educational purposes only and should not be construed as financial, investment, legal, or real estate advice. This analysis represents our opinion based on publicly available data and should not be relied upon as the sole basis for any real estate or investment decision.

No Guarantee of Accuracy: While we strive to provide accurate and up-to-date information, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, or suitability of the data, projections, or analysis contained herein. Market conditions can change rapidly and unpredictably.

Not Professional Advice: This content does not constitute professional real estate, financial, or investment advice. We strongly recommend consulting with qualified professionals—including licensed real estate agents, financial advisors, attorneys, and tax professionals—before making any real estate or investment decisions.

Past Performance Disclaimer: Historical data and trends presented do not guarantee future results. Real estate markets are subject to numerous factors beyond the scope of this analysis, including economic conditions, interest rates, local regulations, and unforeseen events.

By viewing this information, you acknowledge that you understand these limitations and agree that the property owner, listing agent, brokerage, and platform providers shall not be held liable for any decisions made based on this analysis.

Data from World Bank and regional real estate market research | Estimates based on historical appreciation trends

Frequently Asked Questions

Common questions about this property

What is the listing price for 56-58 Carruthers Avenue, Ottawa, Ontario, Canada?

This property is listed at $69,083,200.

Is now a good time to buy a home in Ottawa?

Based on current market indicators, Ottawa shows an active market. The market opportunity score is 65 out of 100, reflecting factors like price trends, inventory levels, and days on market.

What type of property is 56-58 Carruthers Avenue, Ottawa, Ontario, Canada?

This is a land parcel located in Ottawa, Ontario. The property is situated in an established neighborhood with convenient access to local amenities and services.

Brokerage: