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$1,550,000
Available - For Sale
Listing ID: X12036179
LOOK AT THESE NUMBERS! Superb opportunity awaits the savvy investor searching for a renovated building with potential for stronger cash flow (present return 5.86% cap with GOI $113,892.00 and NOI $90,783.00). 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, 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!
Price $1,550,000
Taxes: $5,579.3
Assessment Year: 2024
Occupancy by: Tenant
Address: 340 Lacasse Aven , Vanier and Kingsview Park, K1L 7A9, Ottawa
Directions/Cross Streets: From McArthur, North on Lacasse just a two minute walk to shopping, food and services and transit
Rooms: 16
Rooms +: 7
Bedrooms: 4
Bedrooms +: 2
Washrooms: 6
Family Room: F
Basement: Apartment
Partially Fi
No. of Pieces Level
Washroom 1:  4 Ground
Washroom 2:  4 Second
Washroom 3:  4 Basement
Washroom 4:  0
Washroom 5:  0
Washroom 6:  4 Ground
Washroom 7:  4 Second
Washroom 8:  4 Basement
Washroom 9:  0
Washroom 10:  0
Property Type: Multiplex
Style: 2-Storey
Exterior: Brick
Garage Type: None
Drive Parking Spaces: 3
Pool: None
Approximatly Square Footage: 2000-2500
CAC Included: N
Water Included: N
Cabel TV Included: N
Common Elements Included: N
Heat Included: N
Parking Included: N
Condo Tax Included: N
Building Insurance Included: N
Fireplace/Stove: N
Heat Type: Radiant
Central Air Conditioning: Wall Unit(s
Central Vac: N
Laundry Level: Syste
Ensuite Laundry: F
Sewers: Sewer
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ENGEL & VOLKERS OTTAWA

340 Lacasse Aven , Vanier and Kingsview Park, K1L 7A9, Ottawa

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MD Ashraful Bari
Broker
Dir:
647.406.6653
Bus:
905.201.9977
Fax:
905.201.9229

 
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At a Glance:
Type: Freehold - Multiplex
Area: Ottawa
Municipality: Vanier and Kingsview Park
Neighbourhood: 3404 - Vanier
Style: 2-Storey
Lot Size: x 86.00(Feet)
Approximate Age:
Tax: $5,579.3
Maintenance Fee: $0
Beds: 4+2
Baths: 6
Garage: 0
Fireplace: N
Air Conditioning:
Pool: None
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Personal Pic MD Ashraful Bari Broker HomeLife/Future Realty Inc, Brokerage Independently owned and operated. pic Cell: 647.406.6653 | Office: 905.201.9977
MD Ashraful Bari
BROKER

Cell: 647.406.6653
Office: 905.201.9977
Fax: 905.201.9229

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HomeLife/Future Realty Inc., Brokerage
Independently owned and operated.
205-7 Eastvale Drive
Markham, ON L3S 4N8

 

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