340 LACASSE AVENUE
Ottawa, Ontario K1L7A9

$1,499,900

ID# 1370870

Heat Pump Hot water radiator 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)

LEARN MORE ABOUT THIS PROPERTY

Courtesy of ENGEL & VOLKERS OTTAWA CENTRAL

Listed on: December 04, 2023

On market: 145 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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LOOKING FOR SOMETHING SPECIFIC? LET ME KNOW AND I'LL FIND IT FOR YOU

CONTACT US

Get In Touch

Biju George

Sales Representative

Royal LePage Team Realty, Brokerage

200-1335 Carling Avenue,

Ottawa, ON K1Z 8N8

Cell: 1-613-761- 3219

Bus: 1-613-725-1171

Fax: 1-613-725-3323

bgeorge@royallepage.ca

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340 LACASSE AVENUE Ottawa, Ontario K1L7A9

Heat Pump Hot water radiator heat

YOU MIGHT ALSO LIKE THESE LISTINGS

18561 COUNTY 43 ROAD Apple Hill $649,000 Beds: 3 Baths:2 Sq Ft:Biju George | Sales Representative

18561 COUNTY 43 ROAD Apple Hill $649,000 Beds: 3 Baths:2 Sq Ft:Biju George | Sales Representative

392 PENINSULA ROAD Ottawa $3,000 Beds: 4 Baths:4 Sq Ft:Biju George | Sales Representative

8114 CAMPBELL ROAD Spencerville $374,900 Beds: 3 Baths:2 Sq Ft:Paul Rushforth

1344 RODNEY LANE Winchester $875,000 Beds: 3 Baths:2 Sq Ft:CATHY HAY

505 ST LAURENT BOULEVARD UNIT301 Ottawa $449,000 Beds: 2 Baths:2 Sq Ft:Moe Abdulkader

721 CHROMITE PRIVATE Ottawa $2,375 Beds: 3 Baths:2 Sq Ft:Raj Sidhu | Broker

910 WATSON STREET Ottawa $969,000 Beds: Baths: Sq Ft:Scott Moore

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CONTACT US

Get In Touch

340 LACASSE AVENUE
Ottawa, Ontario K1L7A9

18561 COUNTY 43 ROAD

Apple Hill

$649,000

Beds: 3 Baths:2 Sq Ft:
Biju George | Sales Representative

18561 COUNTY 43 ROAD

Apple Hill

$649,000

Beds: 3 Baths:2 Sq Ft:
Biju George | Sales Representative

392 PENINSULA ROAD

Ottawa

$3,000

Beds: 4 Baths:4 Sq Ft:
Biju George | Sales Representative

8114 CAMPBELL ROAD

Spencerville

$374,900

Beds: 3 Baths:2 Sq Ft:
Paul Rushforth

1344 RODNEY LANE

Winchester

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Beds: 3 Baths:2 Sq Ft:
CATHY HAY

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910 WATSON STREET

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245 DUROCHER STREET

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4660 FARMERS WAY

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Tim Lyons

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Beds: 3 Baths:3 Sq Ft:
Sidney Bicharr

1344 RODNEY LANE

Winchester

$875,000

Beds: 3 Baths:2 Sq Ft:
CATHY HAY

21 DUNE STREET

Limoges

$764,900

Beds: 3 Baths:3 Sq Ft:
Ilham Chabi

2967 COUNTY ROAD 43 HIGHWAY

Smiths Falls

$1,449,000

Beds: 4 Baths:3 Sq Ft:
Anthony Johnston

700 SUSSEX DRIVE UNIT406

Ottawa

$8,500

Beds: 2 Baths:2 Sq Ft:
Charles Sezlik | Sales Representative

32 WEDGEWOOD CRESCENT

Ottawa

$775,000

Beds: 4 Baths:4 Sq Ft:
Stefanie Carrozzi

180 METCALFE STREET UNIT2005

Ottawa

$2,650

Beds: 1 Baths:1 Sq Ft:
John Baroud

296 STONEWALK WAY

Ottawa

$1,124,000

Beds: 4 Baths:3 Sq Ft:
Glenda Brindle | Broker

1285 CAHILL DRIVE UNIT608

Ottawa

$318,900

Beds: 2 Baths:2 Sq Ft:
Brandi Leclerc | Sales Representative

1315 MORRISON LINE

Arden

$848,800

Beds: 5 Baths:3 Sq Ft:
Jeremie Hughes