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613-761-0123

340 LACASSE AVENUE
Ottawa, Ontario K1L7A9

$1,499,900

ID# 1370870
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 CENTRAL

Listed on: December 04, 2023

On market: 157 days
Year Built 1955
Cooling Type Heat Pump
Heating Type Hot water radiator heat
Heating Fuel Natural gas
Stories Total 2
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Address Price Bed Bath SqFt Area Sub Area Brokerage
49 OAKRIDGE BOULEVARD Ottawa
49 OAKRIDGE BOULEVARD
 $825,000 5 2 60 ft X 124 ft Ottawa Meadowlands SIGNATURE TEAM REALTY LTD.
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814 FLETCHER CIRCLE
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71 ROSEDALE AVENUE Ottawa
71 ROSEDALE AVENUE
 $950,000 3 2 20.8 ft X 132 ft Ottawa Old Ottawa South ENGEL & VOLKERS OTTAWA
1896 BEL-AIR DRIVE Ottawa
1896 BEL-AIR DRIVE
 $899,900 4 3 140 ft X * ft (Irregular Lot) Ottawa Braemar Park ENGEL & VOLKERS OTTAWA
1285 CAHILL DRIVE UNIT1105 Ottawa
1285 CAHILL DRIVE UNIT1105
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353 WAVERLEY STREET W Ottawa
353 WAVERLEY STREET W
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