388 Winston Avenue, Carlingwood - Westboro and Area

$1,550,000
388 Winston Avenue

$1,550,000

New
3d
Triplex2-Storey

388 Winston Avenue, Carlingwood - Westboro and Area

Total Monthly Obligation $7,457

Beds
6
Baths
3
Park
3
Sqft
1500-2000
DOM
3d
Yield
3.5%
Cash on Cash
-9.0%
Cap Rate
2.6%
5Y IRR
8.5%
10Y IRR
9.1%
Property Type-Triplex
MLS® Number-X14101292
Beds-6
Bathrooms-3
Size-1500-2000 sqft
Lot Size-33.01 × 90.12 ft
Listed on site-Oct 20, 2026
Style-2-Storey
Building Type-Triplex
Taxes-$9,961 (2026)
Parking-3 - None
Basement-Full, Finished
Heating-Forced Air (Gas)
Brokerage-RE/MAX HALLMARK REALTY GROUP
Cooling-Central Air
Laundry-No
Fireplace-Natural Gas, Living Room
Pool-None
Facing-West
Exterior-Brick, Vinyl Siding
Roof-Asphalt Shingle
Foundation-Poured Concrete
Sewer-Sewer
Possession-Flexible
Neighbourhood-5102 - Westboro West
Title-Residential Freehold

No agent assigned

Exceptional investment opportunity in the heart of Westboro! This income-generating triplex features three spacious 2-bedroom, 1-bathroom units, each with updated kitchens and bathrooms, functional layouts, and the convenience of in-unit laundry. Each unit is individually metered for hydro and gas, offering added convenience and potential savings for ownership. With three separate units and three parking spaces, this property offers excellent income potential and an opportunity to build long-term wealth in one of Ottawa's most desirable rental markets. The well-designed floor plans and sought-after two-bedroom configurations appeal to a broad range of tenants. Ideally located steps from Westboro's trendy shops, restaurants, cafés, parks, and convenient transit, this property combines a prime location with strong rental appeal. An excellent opportunity to expand your investment portfolio in a highly desirable Ottawa neighbourhood!

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Closing Costs

Mortgage Amount
$1,240,000
Land Transfer Taxes$27,475
Legal Fees (Est.)
$
Total cash required for closing$338,975

Total Monthly Obligation

$7,457/mo
Mortgage $6,252
Monthly Loss $5,812
Principal$1,645
Interest$4,607
Property Tax$830
Home Insurance$125
Variable Costs$250

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*This analysis is independently generated NOT provided by TREB or CREA.

Comparables

Properties near 388 Winston Avenue

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