Homes for sale - 340 Lacasse AVE, Vanier And Kingsview Park, ON K1L...

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Jeff Balys

jeff@balys.org +1(613) 795-3947

$ 1,495,000

Est. payment | -/mo

6 Beds

6 Baths

Save Virtual Tour

$ 1,495,000

Est. payment | -/mo

Save Virtual Tour

6 Beds

6 Baths

Key Details

Property Type Multi-Family

Sub Type Multiplex

Listing Status Active

Purchase Type For Sale

Approx. Sqft 2000-2500

Subdivision 3404 - Vanier

MLS Listing ID X12313262

Style 2-Storey

Bedrooms 6

Annual Tax Amount $6,197

Tax Year 2025

Property Sub-Type Multiplex

Property Description

LOOK AT THESE NUMBERS! Superb opportunity awaits the savvy investor searching for a renovated building with potential for stronger cash flow (present return 6% cap with GOI $114,192.00 and NOI $91,092.00). It has been extensively renovated, boasting a high level of security and very stable tenants. Over 500K invested: new 2 storey front + rear covered balcony structures, bldg security, lighting, cameras, intercom, washrooms, kitchens, laundry added to 5 units, new electrical panels, wiring, unit lighting, appliances, flooring, paint, mailboxes, insulation, roof (30K 2024), secure doors, windows, garage renos +. Quality 6 unit building w 5 x 100% updated suites, one unit has a legacy tenant paying below market rent, plus a quality larger garage structure that generates $850 in rental income (potential to easily transform garage to tenant storage lockers). One of the six one bedroom units has yet to be refreshed at a cost of approx 25K which would increase return of +$12,948.00 per year with a higher Net Income of approx $103,731/yr. This has a projected CAP rate 6.7% (buyer to verify). Easy to own & manage bldg! Min 24 hours notice for all showings please.

Location

Province ON

County Ottawa

Community 3404 - Vanier

Area Ottawa

Rooms

Family Room No

Basement Apartment, Partially Finished

Kitchen 6

Separate Den/Office 2

Interior

Interior Features Water Heater Owned

Cooling Wall Unit(s)

Fireplace No

Heat Source Gas

Exterior

Pool None

Roof Type Membrane

Lot Frontage 52.3

Lot Depth 86.0

Total Parking Spaces 3

Building

Foundation Concrete

Others

ParcelsYN No

Virtual Tour https://listings.nextdoorphotos.com/340lacasseavenue

Listed by ENGEL & VOLKERS OTTAWA

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(613) 795-3947

jeff@balys.org

Ottawa Ontario, Canada

340 Lacasse AVE Vanier And Kingsview Park, ON K1L 7A9