340 LACASSE AVENUE
Ottawa, Ontario K1L7A9


  • 340 LACASSE AVENUE Ottawa
  • 340 LACASSE AVENUE Ottawa
  • 340 LACASSE AVENUE Ottawa
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  • 340 LACASSE AVENUE Ottawa
  • 340 LACASSE AVENUE Ottawa
  • 340 LACASSE AVENUE Ottawa
  • 340 LACASSE AVENUE Ottawa
  • 340 LACASSE AVENUE Ottawa
  • 340 LACASSE AVENUE Ottawa
  • 340 LACASSE AVENUE Ottawa
  • 340 LACASSE AVENUE Ottawa
  • 340 LACASSE AVENUE Ottawa
  • 340 LACASSE AVENUE Ottawa
  • 340 LACASSE AVENUE Ottawa
  • 340 LACASSE AVENUE Ottawa
  • 340 LACASSE AVENUE Ottawa
  • 340 LACASSE AVENUE Ottawa
  • 340 LACASSE AVENUE Ottawa
  • 340 LACASSE AVENUE Ottawa
  • 340 LACASSE AVENUE Ottawa
  • 340 LACASSE AVENUE Ottawa
  • 340 LACASSE AVENUE Ottawa
  • 340 LACASSE AVENUE Ottawa
  • 340 LACASSE AVENUE Ottawa
  • 340 LACASSE AVENUE Ottawa
  • 340 LACASSE AVENUE Ottawa
  • 340 LACASSE AVENUE Ottawa
  • 340 LACASSE AVENUE Ottawa
  • 340 LACASSE AVENUE Ottawa

$1,474,900

ID# 1394838

Heat Pump Radiant heat

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:25961)
Courtesy of ENGEL & VOLKERS OTTAWA

Listed on: May 29, 2024

On market: 34 days
Year Built 1955
Cooling Type Heat Pump
Heating Type Radiant heat
Heating Fuel Natural gas
Stories Total 3

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TESTIMONIALS

What Colleen's clients are saying...

"I have worked with Colleen for years and she has sold countless properties for us. She always offers sage advice preparing a house for sale and has a proven ability to negotiate and close the deal in a timely manner. Her professionalism is beyond reproach and she is truly a pleasure to work with.."

ANDREW seller 

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Colleen & Connor McBride

Realtors


(613) 291-9909 - Colleen

(613) 808-9895 - Connor

Colleen.mcbride99@gmail.com

connormcbride007@gmail.com

 

RE/MAX Hallmark® Realty Group

Brokerage, Independently Owned & Operated

610 Bronson Ave

Ottawa, Ontario K1S 4E6

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340 LACASSE AVENUE