Alison Edwards Real Estate Broker

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: 151 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
5 HURON AVENUE N Ottawa
5 HURON AVENUE N
 $899,900 - - 33 ft X 96 ft Ottawa Hintonburg/Tunney's Pasture RE/MAX PEMBROKE REALTY LTD.
810 Walkley Road Ottawa
810 WALKLEY ROAD
 $1,149,900 5 4 Ottawa Riverside Park/Mooney's Bay
126 STRATHCARRON CRESCENT Ottawa
126 STRATHCARRON CRESCENT
 $959,000 4 3 37.57 ft X 104.99 ft Ottawa ROYAL LEPAGE TEAM REALTY
3373 RIVERSIDE DRIVE Ottawa
3373 RIVERSIDE DRIVE
 $3,600 5 2 * ft X * ft Ottawa Revelstoke EXP REALTY
42 WHIPPOORWILL DRIVE Ottawa
42 WHIPPOORWILL DRIVE
 $1,299,000 4 3 0.46 ac Ottawa Rothwell Heights KELLER WILLIAMS INTEGRITY REALTY
483 ATHLONE AVENUE Ottawa
483 ATHLONE AVENUE
 $910,000 4 2 50 ft X 100 ft Ottawa Westboro EXP REALTY
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