Mirna Botros
613-600-2626340 Lacasse Avenue - $1,550,000
340 Lacasse Avenue - $1,550,000
340 Lacasse Avenue
$1,550,000
3404 - Vanier
Ottawa, OntarioK1L7A9
6 beds
6 baths
3 parking
MLS#: X12036179Listed: 3 months agoUpdated:15 days ago
Description
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 (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. (id:58075)Details
Details for 340 Lacasse Avenue, Ottawa, Ontario- Property Type
- Multi Family
- Building Type
- Other
- Storeys
- 2
- Neighborhood
- 3404 - Vanier
- Land Size
- 52.3 x 86 FT
- Year Built
- -
- Annual Property Taxes
- $5,579
- Parking Type
- Garage
Inside
- Appliances
- All, Water Heater
- Rooms
- -
- Bedrooms
- 6
- Bathrooms
- 6
- Fireplace
- -
- Fireplace Total
- -
- Basement
- Partially finished, Apartment in basement, N/A
Building
- Architecture Style
- -
- Direction
- From McArthur, North on Lacasse just a two minute walk to shopping, food and services and transit
- Type of Dwelling
- other
- Roof
- -
- Exterior
- Brick
- Foundation
- Concrete
- Flooring
- -
Land
- Sewer
- Sanitary sewer
- Lot Size
- 52.3 x 86 FT
- Zoning
- -
- Zoning Description
- R4UD
Parking
- Features
- Garage
- Total Parking
- 3
Utilities
- Cooling
- Wall unit
- Heating
- Radiant heat, Natural gas
- Water
- Municipal water
Feature Highlights
- Community
- -
- Lot Features
- -
- Security
- -
- Pool
- -
- Waterfront
- -
Rooms
Rooms for 340 Lacasse Avenue, Ottawa, OntarioMap
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