340 Lacasse Avenue Ottawa, Ontario K1L 7A9

Heat Pump Hot Water Radiator Heat


Superb opportunity awaits the savvy investor searching for a renovated building with potential for stronger cashflow. It has been extensively renovated and offers tenants a high level of security. Over 500K invested: new 2 storey front + rear covered balconies, security lighting, cameras, intercom, washrooms, kitchens, laundry added to 5 units, new electrical panels, wiring, unit lighting, appliances, flooring, paint, mailboxes, insulation, roof, secure doors, windows+. Quality 6 unit building w 5 completely updated 1 bedrm suites, one unit has a legacy tenant paying below market rent, plus a quality larger garage structure also generates rental income (potential to easily transform garage into tenant storage lockers). One of the six one bedroom units has yet to be refreshed. Approximate cost 25K with an increased annual return of +$10,680 per yr post refresh would bring the already strong cashflow up to $99,152.00 and increases CAP rate to approx 6.32% (buyer to verify all info). (id:39544)

Property Details

MLS® Number 1370870
Property Type Multi-family
Neigbourhood Vanier
Parking Space Total 3


Constructed Date 1955
Cooling Type Heat Pump
Exterior Finish Brick
Foundation Type Poured Concrete
Heating Fuel Natural Gas
Heating Type Hot Water Radiator Heat
Stories Total 2
Utility Water Municipal Water


Acreage No
Sewer Municipal Sewage System
Size Depth 86 Ft
Size Frontage 52 Ft ,4 In
Size Irregular 52.3 Ft X 86 Ft
Size Total Text 52.3 Ft X 86 Ft
Zoning Description R4ud



Contact us for more information

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Jacen Matthews

(613) 296-8582

Royal LePage Performance Realty
165 Pretoria Avenue
Ottawa, Ontario K1S 1X1

(613) 238-2801
(613) 238-4583

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