Superb opportunity awaits the savvy investor searching for a renovated building with potential for stronger cashflow (present return 5.94% cap). It has been extensively renovated and offers tenants a high level of security. 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 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 to tenant storage lockers). One of the six one bedroom units has yet to be refreshed @ 25K would increase return of +$10, 680/yr + higher Net Income approx $99, 801.00/yr with projected CAP rate 6.65% (buyer to verify). Easy to own & manage bldg! (id:55598)
- MLS® 1394838
- Date Listed05/29/2024
- Days on Realty 82 Days
- Bedrooms -
- Bathrooms
- Lot Size -
- Sewer Public Sewer
- Subdivision Vanier
- Property Type Other
- Year Built 1955
- Water Public
Interior Features
- Cooling Heat Pump
- Heating Radiant Heat, Natural Gas
Exterior / Lot Features
- Roof -
- Lot Size Acres -
- Lot Size SQFT -
- Lot Features -
Nearby Schools
Source: School Digger
Sales & Tax History
Source: Public Records
89/100
Very Walkable
Walk Score ®
54/100
Good Transit
Transit Score ®
88/100
Very Bikeable
Bike Score ®
Overview
Most errands can be accomplished on foot. Many nearby public transportation options. Biking is convenient for most trips.Transit Summary
21 nearby routes: 21 bus, 0 rail, 0 other
Walkability averages in the surrounding area
The average walkability score in the surrounding area is Walk Score: 67/100, Transit Score: 60/100, Bike Score: 79/100.
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Frequently Asked Questions for 340 LACASSE AVENUE
Source: Realty.com
340 LACASSE AVENUE, Ottawa, ON K1L7A9 is a Other, Residential Income property listed for $1,474,900 The property is 0 sq. ft with - bedrooms and 0 bathrooms
Realty.com has 30 photos of 340 LACASSE AVENUE.
Our records indicate that 340 LACASSE AVENUE was built in 1955.
The full address for this home is 340 LACASSE AVENUE, Ottawa, ON K1L7A9.
340 LACASSE AVENUE has been listed on Realty.com since Wed May 29, 2024
Most errands can be accomplished on foot. Many nearby public transportation options. Biking is convenient for most trips.
The average walkability score in the surrounding area is Walk Score: 67/100, Transit Score: 60/100, Bike Score: 79/100.
Listing provided courtesy of:
ENGEL & VOLKERS OTTAWA
(tel: (613) 422-8688)
Listing agent:
Jacen Matthews
(tel: (613) 296-8582)
This content last refreshed on 2024-08-19 13:12:49. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
Export listing data of 340 LACASSE AVENUE, Ottawa, ON K1L7A9 : MLS® 1394838