340 LACASSE AVENUE

Ottawa, , K1L7A9, Canada

$1,550,000

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.

EXTRAS: All, Water Heater

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

Last updated on : Friday 23rd of May 2025 01:15:45 AM

ADDRESS

Street : 340 LACASSE AVENUE

City : Ottawa

Country : Canada

Postal Code : K1L7A9

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PROPERTY SUMMARY

Property ID : X12036179

Building Type : Other

Property Type : Multi-family

Bedrooms : 6

Bathrooms : 6

Parking : 3

Parking Type: Garage

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